Best Penny Stocks To Buy Or Sell This Week

March 30, 2020

Are These Penny Stocks On Your Buy Or Sell List This Week?

Well, another day in the books and one more day left in the quarter. What will be the fate of March? Will we finish with a green bang or are the markets set to finish red? This we will surely see by 4 PM EST on March 31. Regardless, of this case, we’re bound to see some big movers.

Why say this? Well, there are no guarantees in the market besides the fact that someone will make money and someone will lose it. But based on the recent trends in small-cap and micro-cap stocks, we can probably say there will be at least 1 big runner among penny stocks on Tuesday.

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So what can you do with this information? Obviously, again you can’t predict the future. But what you can do is start your research. Look at some of the trends we’ve seen this week. There’s growing interest in certain sectors. Monday we saw mounting attention in healthcare, biotech, and mining.

Assuming this trend could continue, it may be beneficial to take a closer look at some of the penny stocks making moves in those niches late in the day on March 30. Even though we can’t say these will continue to run through the end of the month, we can at least have them on the radar if or when that becomes the case.

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Penny Stocks To Buy [or sell]: Taronis Technologies

penny stocks to buy Taronis Technologies (TRNX)

Now, let me be the first to say Taronis Tech (TRNX) has been in a love/hate relationship with traders for months. The penny stock has seen sporadic and explosive jumps in price. And this has happened countless times in the past. But no matter how far you go back in time, you can’t avoid the fact that TRNX stock hit fresh 52-week lows less than 5 days ago. Does it negate the “trade-ability” of the penny stock? No, but no one can say “if you held onto it since X date, then you’re right today.”

But why even point that out? Well, it’s important to understand the historic potential of certain stocks. While we see that Taronis stock has managed to surge a bit on March 30, it’s key to understand the trading trend of it as well. Has TRNX gone on for months of gains at a time? Again, the answer is no but it has seen multi-day moves of over 100%. So interest is likely piqued with some traders right now.

So what triggered this early move in Taronis? A look at the company’s news feed doesn’t say much but if you look at recent filings, you might find something interesting. In a disclosure statement dated March 30, the company put out an 8-K. If you subscribed to our newletter and read through the 60+ page intro to penny stocks book, you know what an 8-K means. Within the filing, the company revealed that one of it debtors, First Choice had its debt satisfied in full. Now, will this open some new doors for the company or will this once again become just a quick pop in the stock? Shares reached highs of over $0.23 after the close so we’ll see if the same momentum continues on March 31.

Penny Stocks To Buy [or sell]: voxeljet AG

best penny stocks to buy voxeljet (VJET)

Next, voxeljet AG (VJET) saw some mid-day momentum on Monday. Shares of the 3D printing company jumped from around $0.77 in the morning to highs of $1.12 before closing around $1.10 on the 30th. Similar to Taronis, voxeljet had not reported any news. But, there weren’t any new disclosures filed either.

VJET stock saw its highest trading volume day in over a year on March 30th. So, one might assume that some type of catalyst could be the reason behind this jump. But something else could be at work here, which might be more speculative in nature. voxeljet provides high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers.

Applications include the medical, automotive and aviation industries, but decorative objects in the B2C sector. So it could be a play on the coronavirus in my opinion. Since last week, 3D printing companies have gotten attention from traders. The main source of this stems from 3D printers being used to pump out new medical devices. Specifically, these are ones that are in need right now due to coronavirus. voxeljet hasn’t announced any COVID-19 related information. But it could have received attention based on the overall market sentiment right now. Will this continue into the rest of March?

Penny Stocks To Buy [or sell]: Lianluo Smart Ltd.

Lianluo Smart Ltd (LLIT) also saw several surges in stock price throughout the March 30 session. After opening around $0.44, the first jaunt saw LLIT stock jump to around $0.60. After pulling back, the penny stock managed to go on another move to new highs of nearly $0.65 before closing around $0.63.

The company provides smart services and products for the medical industry. The company has a product designed for respiratory solutions. So the obvious reaction could be bullish based on the coronavirus’s impact in China, specifically. One thing the company has been busy with lately is raising money. Almost every other week it would seem we hear about another raise for a few million dollars. Most recently the company filed a statement for the resale of up to 11 million of its common shares held by selling shareholders.

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Considering the intensifying concern over coronavirus right now, attention around related stocks has also intensified. Since the company develops wearable respiratory devices it makes sense as to why it raised some eyebrows. But will the latest surge in momentum be enough to see it continue into April?

Penny Stocks To Buy [or sell] VIVUS Inc.

penny stocks to buy sell VIVUS Inc. (VVUS)

*Updated 8:05 AM EST 3/31/2020* VIVUS Inc. (VVUS) hasn’t been a stranger to a list of penny stocks. However, it has managed to illude the market in gains for quite some time. Earlier this month the penny stock reached new 52-week lows of $0.80 and hasn’t strayed too far from that mark ever since.

On March 31, however, shares of VVUS stock started taking off during the early morning session. Not only that but they rallied to levels not seen since early February of this year. The big catalyst for this move came after VIVUS released a big update. The company accelerated the launch of its telemedicine and remote monitoring modules of the VIVUS Health Platform. The company is anticipating 150-200 physicians to be enrolled in the new modules each week. Obviously, the extended stay-at-home orders across the US mean limited access to doctors and this could become a key opportunity for VIVUS.

The monitoring platform is integrated through the Apple Health Kit, Apple Watch, and a number of health devices. The data gathered from the devices can also be transmitted and collected into the VIVUS Health Platform and accessed by physicians.

Penny Stocks To Buy [or sell]: Bionano Genomics

penny stocks to buy Bionano Genomics Inc. (BNGO)

*Updated 8:05 AM EST 3/31/2020* Finally, Bionano Genomics (BNGO), similar to VIVUS, hasn’t been a big mover recently. However, on March 31 the company released notable news that has caught big attention. Bionano announced the launch of the largest study to date that targets identifying certain substances related to resistance or sensitivity to COVID-19.

According to the company, the first study of its kind is already underway in Wuhan, China and is being performed by Wuhan-based GandOmics. That service provider is using Bionano’s technology. Hannover Medical School is also launching a study involving 1,000 patients and controls. It will be consisting of COVID-19 patients and their partners and first-degree relatives as controls.

“As we face the threat of COVID-19, we understand the significance of accelerating how fast researchers and scientists can drive time-to-insight,” said Barry Bolding , Director, High Performance Computing, Amazon Web Services, Inc. “AWS is proud to be working with Bionano Genomics and Rescale to offer complimentary fully managed HPC capability that ramps up scientific data analysis quickly.”

Something to keep in mind is that the last time BNGO stock rallied, it came back down quickly. Will this news be a longer-term sticking point for the market this time around?