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There's a certain thrill that comes with trading penny stocks. But to avoid the inherent dangers, many investors interested in winning nominally small but high percentage returns turn to larger companies that are still offered at lower prices.

Here, we screen a universe of stocks that are trading between $1-$5 with market caps above $300 million. Then, to find names showing upside momentum, we screened for stocks on "winning streaks."

For our purposes, a winning streak is measured by a persistence of days in which the stock outperformed the S&P 500 and little persistence of days in underperforming the index. We measured this by the ratio of the longest winning streak (in days) divided by the longest losing streak over the last month.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Do you think these stocks will continue to win? Use this list as a starting point for your own analysis.

1. Advanced Micro Devices, Inc. (NYSE:AMD): Operates as a semiconductor company in the United States, Japan, China, and Europe. Market cap at $1.7B, most recent closing price at $2.39. The stock's average daily alpha vs. the S&P500 index stands at 1.06% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

2. Cadence Pharmaceuticals Inc. (CADX): Focuses on in-licensing, developing, and commercializing product candidates principally for use in the hospital setting in the United States and Canada. Market cap at $406.41M, most recent closing price at $4.75. The stock's average daily alpha vs. the S&P500 index stands at 2.32% (measured close to close, over the last month). During this period, the longest winning streak lasted 9 days (i.e. the stock's daily returns outperformed the S&P 500 for 9 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 4.5).

3. Clearwire Corporation (CLWR): Provides wireless broadband services. Market cap at $4.94B, most recent closing price at $3.37. The stock's average daily alpha vs. the S&P500 index stands at 2.24% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

4. GenOn Energy, Inc. (GEN): Operates as a generator of wholesale electricity in the United States. Market cap at $2.22B, most recent closing price at $2.87. The stock's average daily alpha vs. the S&P500 index stands at 0.83% (measured close to close, over the last month). During this period, the longest winning streak lasted 9 days (i.e. the stock's daily returns outperformed the S&P 500 for 9 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 4.5).

5. MGIC Investment Corp. (NYSE:MTG): Through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. Market cap at $476.79M, most recent closing price at $2.36. The stock's average daily alpha vs. the S&P500 index stands at 2.11% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

6. Sappi Limited (NYSEMKT:SPP): Manufactures and sells various pulp, paper, chemical cellulose, and wood products worldwide. Market cap at $1.88B, most recent closing price at $3.48. The stock's average daily alpha vs. the S&P500 index stands at 0.82% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

7. Sequenom Inc. (NASDAQ:SQNM): Provides products, services, diagnostic testing, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural and livestock research. Market cap at $552.14M, most recent closing price at $4.81. The stock's average daily alpha vs. the S&P500 index stands at 1.17% (measured close to close, over the last month). During this period, the longest winning streak lasted 5 days (i.e. the stock's daily returns outperformed the S&P 500 for 5 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 2.5).

8. Trina Solar Limited (NYSE:TSL): Designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. Market cap at $336.87M, most recent closing price at $4.14. The stock's average daily alpha vs. the S&P500 index stands at 2.67% (measured close to close, over the last month). During this period, the longest winning streak lasted 6 days (i.e. the stock's daily returns outperformed the S&P 500 for 6 consecutive days). The longest losing streak lasted 1 day (i.e. a win streak / losing streak ratio of 6.).

*Price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 8 Stocks Under $5 On Winning Streaks