Featured Penny Stocks Watch List Trading Penny Stocks

Best Penny Stocks To Buy Or Sell This Week

Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom

Penny Stocks To Buy [or sell]: Taronis Technologies

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.

By J. Samuel

As a trader and expert finance writer, I enjoy finding new and emerging trends that may have been overlooked by the average masses. If there's one thing that a trader or investor wants to know, it's how to use valuable data to their advantage. My expertise is in uncovering this data and compiling it into actionable information. As a professional finance writer, I've contributed to many of the top finance platforms and pride myself on researching factual, publicly available information and using that in all of my articles.

Leave a Reply

Your email address will not be published. Required fields are marked *