6 Stocks That Could Double in the Next Year

By Jon Ogg of InvestorPlace

It's all well and good to say a stock posting improving earnings is a good buy with upside potential. But how much upside? The truth is that picking stocks capable of dramatic gains -- potentially as much as doubling your money -- is much harder. That's because charts don't offer much support for big moves like this, and efficient market theory argues against such short-term performance.

But finding doublers, while difficult, is not impossible. One good place to start is screening book value analysis or cash analysis to find a deal, or to find potential acquisition targets. Also, while a turnaround typically takes more than a year to come to real fruition, there are still success stories -- such as Chipotle Mexican Grill(CMG), which was trading around $60 in Oct. 2009 and is now up to about $160 per share as of this writing to top even its 2007 highs.

Here's a look at six stocks that could deliver 100% returns in the next 12 months if things play out. All of these stocks are actively traded, with an average volume of more than 1 million shares daily, and they all have at least some stock options tied to them to reach that profit goal.