Small cap stocks need not be hot tip penny stocks or speculative growth stories based on an idea and a prayer. There are plenty of quality, undervalued small cap stocks out there, and this article tells you how to find them.

If you follow this company closely you could have seen this one coming. Multiple insiders were buying up the stock over the past week and CECO tends to announce orders like this throughout the quarter. These type of announcements tend to make the stock spike since it is a small cap stock at only 126 million in market cap.

Small Cap Stock Pick: CNTF

CNTF made a strong run today breaking out of its bearish descending channel on news of strong earnings and a positive forward outlook. Quoting a PR from yahoo finance.