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Top Biotech Penny Stocks to Watch — January 6, 2021

The biotech penny stock frenzy continues in 2021!

This week I have even more OTC stocks on my watchlist, and I’ve included some of my recent trades.

There are also a couple of stocks that made my biotech penny stocks to watch list in the past few weeks … Did you catch the opportunities?

With so many hot stocks in this insane market, it can be overwhelming…

It’s my honor as a teacher to help you learn to spot the best opportunities — so use this list as a guide.

But remember not to buy into the hype. These are stocks of small developmental companies. Some may not even have a product on the market.

Stay focused on the catalyst, pattern, and your trading strategy.

Let’s get to the top biotech penny stocks list and 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…

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…

Or try it with the Breaking News Chat for only $17!

(*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: Jaguar Health, Inc. (NASDAQ: JAGX)

Jaguar Health Inc. focuses on developing gastrointestinal pharmaceuticals. It operates in two segments — human and animal health.

Its treatment for diarrhea caused by cancer treatments is in Phase 3 clinical trials. JAGX believes the treatment may have potential for treating patients suffering from diarrhea caused by inflammation due to the coronavirus.

The company has been discussing bringing its wholly-owned subsidiary company public through a merger with a SPAC. Funds raised from the proposed merger could fund further its clinical trials.

The stock has been uptrending on high volume since December.

Biotech Penny Stocks #2: Hoth Therapeutics, Inc. (NASDAQ: HOTH)

Hoth Therapeutics Inc. develops therapies for eczema, psoriasis, acne, and asthma. The company recently announced it requested a pre-investigational new drug meeting with the FDA. It wants to discuss its new treatment for rashes and skin disorders caused by cancer treatments.

HOTH also signed an agreement with another company for the production of the topical drug.

Biotech Penny Stocks #3: Clearside Biomedical, Inc. (NASDAQ: CLSD)

CLSD develops treatments for serious eye diseases. There’s no recent news on the company, but the stock recently had a multi-month breakout above the $2.50s resistance level.

Go for singles since there’s no catalyst to push the stock higher.

7 OTC Biotech Penny Stocks to Watch

Biotech Penny Stocks #1: Fuse Science, Inc. (OTCPK: DROP)

Fuse Science, Inc. develops and commercializes delivery technology solutions for medications, supplements, nutrition, and energy products … Basically, it’s more of a drone play than a biotech penny stock…

But with the pandemic changing the way we access all the products we’re used to, drone deliveries could become the next hot sector. The stock’s also a former runner.

Biotech Penny Stocks #2: Creative Medical Technology Holdings, Inc. (OTCPK: CELZ)

CELZ is a stem cell research company. It was running on patent filing news on December 29.

I bought 150,000 shares at $0.0211 when the stock was still looking strong in the afternoon. I didn’t end up holding overnight — I sold before the close at $0.0267 for a gain of $840 and 26.5%.*

On December 31, the company announced another patent filing and the stock made new highs.

(*Please note: my results are not typical. I’ve spent years developing exceptional skills and knowledge. Always remember trading is risky. Never risk more than you can afford.)

Biotech Penny Stocks #3: Generex Biotechnology Corporation (OTCQB: GNBT)

GNBT announced its filing for a trademark for its coronavirus vaccine on December 31. The stock had its first green day and it’s also close to a multi-month breakout area between 25 cents and 28 cents.

Biotech Penny Stocks #4: Tauriga Sciences, Inc. (OTCQB: TAUG)

On December 31, TAUG announced it was approved to have a virtual booth and be a corporate presenter at the J.P. Morgan Healthcare Investment Summit.

I traded the stock on January 4 when the stock had a small morning panic. I only got a partial position with 24,500 shares at $0.155. It had a weak bounce, and I sold at $0.1665 for a profit of $282.*

Biotech Penny Stocks #5: Cerebain Biotech Corp. (OTCPK: CBBT)

CBBT focuses on developing treatments for Alzheimer’s. This stock was on my biotech penny stocks to watch list on December 23. The stock was running on news from August and it had a breakout over the $0.038 level.

The stock has continued to run since and traded over 10 cents on January 4.

Biotech Penny Stocks #6: Arch Therapeutics, Inc. (OTCQB: ARTH)

Arch Therapeutics, Inc. is a biotech company that focuses on developing solutions to manage wounds and stop bleeding post-surgery.

On January 4, it announced a distribution and sales agreement with another company that has federal contracts.

Biotech Penny Stocks #7: Vaxil Bio Ltd. (OTCPK: VXLLF)

This stock was on my biotech penny stocks watchlist last week. I noted to watch the stock for a breakout over the 20 to 25 cent range.

The stock broke above both levels and is now trading in the 30-cent range after hitting a high of 75 cents on January 4.

Get the List of Penny Stocks I’m Watching Delivered to Your Inbox

Want to know which stocks I’m watching each week? Subscribe to my no-cost watchlist. I’ll send my top penny stocks to watch right to your inbox every week. It can help you learn the process I follow for every stock.

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!

👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here.

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. Most of my top students are moderators in the chat. They’re there to answer questions, share their opinions, 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 — January 6, 2021 appeared first on Timothy Sykes.