Jason Bond of JasonBondTraining.com likes ADOMANI Inc. (ADOM) as an oversold play despite the stock being a relatively recent IPO. ADOM is down roughly 45 percent this year, but every time the market has gotten to the oversold level on the Relative Strength Index, the stock has bounced back hard; while there is little history on ADOMANI, Bond is expecting the same to happen again here. He’s already been proven right, having purchased shares on Wednesday and Thursday, but he believes there is another 12 to 20 percent of upside left in the current rally, so he’s letting his winnings ride into Friday’s market action.

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Jason Bond runs JasonBondTraining.com and is a swing trader of small-cap stocks. When he recorded this interview on Thursday, he had 5,000 shares of ADOM — purchased on Sept. 20 and 21 — at an average cost of $7.35; he was holding the shares as a swing trade, planning to sell them as described in the interview. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

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