There are SO many biotech penny stocks to watch right now it’s INSANE!
It’s so insane that it can be overwhelming to try to see or catch some of these moves. That’s the whole reason I started this watchlist post — to help you narrow your focus on the top stocks to watch.
But there’s more to trading than just finding hot stocks.
For one, you have to know how to build and execute your trading plans. That includes following rule #1 if a trade goes against you and never holding and hoping a loser will turn into a winner.
Always expect the worst from penny stocks and you won’t be disappointed.
Let’s get to the top biotech penny stocks list. I’ll show you what’s on my radar and why…
Top Biotech Penny Stocks to Watch
These are the top stocks on my watchlist. ‘Watch’ is the key word here. There’s no guarantee that there’ll be a trading opportunity. Remember, these stocks move FAST.
Before we get to my list of stocks to watch, here are a few of my top resources for penny stocks…
- If you’re new to penny stocks, start here with this FREE online guide.
- Ready to learn how to build your own stock watchlist? This post is for you.
- Discover how I find all the stocks on my watchlists here.
How do I find hot stocks? I use StocksToTrade every day. For me, it’s the best tool because I helped design it specifically for trading penny stocks. (I’m also an investor.) It has awesome charts, built-in scans, social media feeds, and so much more to help you do your research.
And its Breaking News Chat add-on feature is a game-changer in this hot market. It helped me make record profits in 2020.* Get a StockToTrade 14-day trial for only $7…
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(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Now, let’s get to the top biotech penny stocks to watch this week…
Biotech Penny Stocks #1: Entera Bio Ltd. (NASDAQ: ENTX)
On Monday, ENTX announced a new research program for an oral drug.
The stock broke out above the previous resistance of $1.82. It has the potential for volatile moves since it has a low float of under 10 million shares.
Biotech Penny Stocks #2: Clearside Biomedical, Inc. (NASDAQ: CLSD)
Clearside Biomedical focuses on developing treatments for serious eye diseases. On Monday the company announced it had delivered several virtual presentations at the 44th Virtual Annual Macula Society Meeting over the weekend of February 6–7.
It will also be presenting at another upcoming conference on February 13. Conferences can generate interest in a company and the stock. I’ll watch for volume to come in and a breakout over the $4.30 area.
Biotech Penny Stocks #3: Oragenics, Inc. (NYSE: OGEN)
On February 2, OGEN announced its licensed spike protein could show promise for a COVID-19 vaccine.
On Monday the stock had a breakout over $1.26 resistance and made a high of $1.43. I’ll watch for the stock to break out over that high.
Biotech Penny Stocks #4: Enzolytics Inc. (OTCPK: ENZC)
ENZC has been on my watchlist for months. You can see why from the chart. It just keeps going!
It’s getting very overextended, so I don’t want to chase it way up near $1. I’ll watch for morning panic dip buys only.
Biotech Penny Stocks #5: iBio, Inc. (NYSE: IBIO)
This is the third week for IBIO to make my watchlist. Last week I was watching it for a breakout over $1.85 and it happened on February 3. It ran for two days and made a high of $2.73.
(These results are NOT typical. Past performance is not indicative of future returns. Always remember trading is risky, and never risk more than you can afford.)
I’ll continue to watch for a breakout, now over the $2.73 high. But it needs high volume and, ideally, a news catalyst.
Biotech Penny Stocks #6: Abeona Therapeutics Inc. (NASDAQ: ABEO)
On February 2, ABEO announced it would hold a webinar for interested investors on February 16 to review data on the company’s two new investigational therapies.
The stock had a first green day with high volume on Monday. I’ll watch for a breakout over multi-month resistance of $3.75.
Biotech Penny Stocks #7: Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)
DFFN had a multi-day breakout on Monday. The stock’s a former runner and in a hot sector. I’ll watch for a multi-month breakout over $1.60 resistance.
Biotech Penny Stocks #8: Relief Therapeutics Holding AG (OTCQB: RLFTF)
Over the weekend, RLFTF announced its collaborative partner company initiated Phase 2/3 clinical trials for its inhaled COVID-19 treatment.
The same press release also states that results from the trials of the company’s intravenous treatment will be released later this month.
I’ll watch for the stock to continue the upward momentum, especially if the company releases positive trial results.
Biotech Penny Stocks #9: Neutra Corp. (OTCPK: NTRR)
Neutra Corp. is a biotech company that focuses on hemp-based CBD health and nutrition products.
It’s like a hybrid biotech/weed stock, taking advantage of two hot sectors. On February 5, the company announced a new, refreshed website for customers to find its products.
The stock has been uptrending since January. On Monday it had a big green day and broke out above 1 cent per share. It’s not a junky sub-penny stock anymore, and that could mean the stock shows up on more traders’ scans.
Biotech Penny Stocks #10: Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA)
On Friday, February 5, HEPA announced a new executive director. On Monday, the stock had its first green day and closed at its highs just under $3 per share.
I’ll watch for continuation. But this stock has a history of spiking and failing, so I’d aim for singles with this stock.
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I’ll say it again … The stocks on my watchlist aren’t an automatic buy. Remember to do your own due diligence and research. If you’re trading without a trading plan, you’re gambling. Don’t be a degenerate gambler — trade smart!
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Conclusion
Biotech penny stocks are stocks of small, developmental companies. These companies are usually desperate for cash. They need it to continue developing products and for testing and trials. Trade them with caution…
They’re known to be extremely volatile. They can have huge price swings. One minute they’re flying high on positive news — the next they’re down due to bad trial results, side effects, or stock dilution.
If you’re prepared to take advantage of the price swings, these stocks can offer great trading opportunities…
In my Trading Challenge chat room, my students and I talk about the hottest penny stocks. And many top traders who got their start in the Challenge are now chat moderators who answer questions and help out new students.
If you want to join a community of top traders, apply for my Trading Challenge. I don’t accept everyone. I only want the most dedicated students who are willing to put in the time and effort it takes to become my next millionaire student. Could it be you?
What do you think of these biotech penny stocks to watch? Let me know in the comments … I love to hear from you!
The post Top Biotech Penny Stocks to Watch — February 10, 2021 appeared first on Timothy Sykes.