3 Penny Stocks To Watch This Week
When we talk about penny stocks, we aren’t just explaining 2, 3, 4, or 5 simple letters then say, “here you go”. The whole idea behind putting together an actual list of penny stocks is to have a point of reference. If this were blindly trading penny stocks, then no list would be necessary. You would simply say “hey, those letters look good, I’ll trade that.” But you don’t do that, you’re a real trader and real traders do research (I hope). All joking aside, the point of putting a list of penny stocks together is to help you narrow down your target.
Putting your list together might entail looking for all penny stocks with news or aftermarket trading activity. You might also look for certain stocks that have an irregular trading volume or other technical indicators or chart patterns.
On the other hand, maybe you’re following the most talked-about penny stocks on social media and want to put a list together in order to track their performance. No matter what, having a list of penny stocks means that you want to analyze “something” among a group of names.
How To Use Your List Of Penny Stocks
Don’t forget, just because you took time to make such a list, it doesn’t mean you need to buy or sell any of them. Sometimes, on any given day, your theory could be sidelined by outliers. Maybe you were looking at a certain tech stock and then the government announced something that halted production at one of its related components plants.
Another example could be an oil and gas penny stock on the rise that could have seen momentum abruptly fizzle when a random pandemic hits (familiar with that story?). My point is, it’s great to do research and put together a list. But just because you have it, doesn’t mean you need to stick to it 100%. If you find a new opportunity in real-time, don’t feel bad about taking time to make the list.
It’ll still be there after you make your trade assuming the list has a few sound names on it. With this in mind, let’s take a look at some penny stocks making waves this week. Will they be on your list?
Penny Stocks To Watch: Aerpio Pharmaceuticals
Aerpio Pharmaceuticals Inc. (ARPO Stock Report) had an epic breakout earlier this month. On May 13th the penny stock gapped up to $1 and inched its way to highs of $1.06. However, the rally was short-lived as shares retreated back to a low of $0.74. During the sessions to follow ARPO stock mounted a recovery and moved its way back to $0.83.
But Wednesday afternoon, ARPO stock managed to skyrocket back above $1. This came after the company and Quantum Leap Healthcare Collaborative™ announced an agreement was reached to evaluate razuprotafib in a new randomized, investigational treatment arm. This is in the I-SPY COVID Trial. This is for the treatment of acute respiratory distress syndrome in adult patients with moderate to severe COVID-19.
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“The I-SPY COVID Trial is designed to rapidly identify and test agents with the potential to provide substantial benefit to patients suffering with acute respiratory distress syndrome (ARDS) from COVID-19, a condition where effective agents are lacking,” said James Palazzolo, CEO of Quantum Leap Healthcare Collaborative. This time around, will ARPO stock manage to hold its gains or is another gap and slide in the cards?
Penny Stocks To Watch: Creative Realities Inc.
If there’s one thing certain, it’s that things will be much different when the whole economy is live again. Social distancing measures are expected to continue. New measures are planned as well with many involving methods to track and identify risks. Creative Realities (CREX Stock Report) was one of the original penny stocks to watch amid speculation that companies would begin using technology to protect against potential health threats.
Its “Safe Space Solution” apparently has the technology to monitor things like temperature and works with facial recognition. When we covered CREX stock on April 28 for the first time, this information came to light. We then watched shares mount a rally that took it from $1 to highs of $5.98 in just a few weeks.
Following some lackluster earnings, shares slid. Keep in mind that this was around the same time that Remark Holdings (MARK Stock Report) began captivating attention for its own imaging technology. For week’s we saw continued, explosive progress made by the company (Read More On MARK Stock). This time around CREX stock is back in the spotlight after its latest “news”. While there wasn’t any formal update, the company’s website was updated with new information. Specifically, videos demonstrating the company’s technology in an office setting.
This late-breaking info resonated with the market. It saw CREX stock jump late in the afternoon on Wednesday. This same momentum continued into the close. Will it keep climbing into the end of the month?
Penny Stocks To Watch: VIVUS Inc.
VIVUS Inc. (VVUS Stock Report) has been a wild trading penny stock this year. We saw a big breakout in January, a huge drop in February, then a random monster breakout in March. But all things considered, VVUS hasn’t progressed much as far as its overall stock price is concerned. While it’s still up fro m52-week lows, it hasn’t been able to break above $1.40 for any meaningful period of time.
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As I said, penny stocks are high risk, high reward and VVUS stock is a clear example. Anyone who bought and held shares from March 31st is likely down a lot. Those who bought prior to that and sold on March 31st likely made money. Point being, VVUS stock has been one that high volatility traders have become attracted to. But again, high-risk is important to understand based on its previous trading history.
So why is VVUS stock on the list right now? Similar to CREX, VVUS had no corporate headlines. But it was found that the Australian government granted the company a patent. It was for “Methods of preventing progression to type 2 diabetes mellitus”. Keep in mind that this is on the official patent site and nothing has been released by the company quite yet. Regardless, the information has been made public via the IPAustralia website and it caught a bit of attention on Wednesday. The big question, can VVUS actually mount a true breakout, or is it in for another 1-day pop and drop?