Could one of the biotech penny stocks on today’s list be the next big supernova?
In this hot market, we’re seeing crazy volume and many traders chasing plays. They all want in on the next big runner…
But you can’t predict which stock will be the next supernova. So don’t chase every stock trying to catch it.
Some of these biotechs might soar on news of a new drug, patent, or trial. And others will go nowhere.
All you can do is prepare. Be ready when a trade presents itself and have a plan.
If you’re a new trader, trade with small position sizes. Get a feel for how the stocks move. You can even grow your knowledge account by just watching the market in real time. It can give you more confidence for the next time you see the same pattern.
But be ready to cut losses quickly and learn from your mistakes. You must be meticulous and safe in this market.
Now, 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.
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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: Seelos Therapeutics, Inc. (NASDAQ: SEEL)
SEEL had a huge move Friday, March 12. It was reportedly due to an analyst initiating coverage with a buy rating and high price target.
The stock’s a recent runner, so I’ll watch for a breakout over Friday’s closing price of $4.75.
Biotech Penny Stocks #2: Regulus Therapeutics Inc. (NASDAQ: RGLS)
On March 9, RGLS reported fourth-quarter earnings and provided a business update. The stock had two big green days following the news.
If the stock can break out over $2 resistance, it could retest the $2.32 high.
Biotech Penny Stocks #3: Therapeutic Solutions International, Inc. (OTCPK: TSOI)
Yesterday, TSOI announced new data on its potential cancer immunotherapy and the filing of a patent.
I’ll watch the stock to see if it can retest its recent highs around $0.175.
Biotech Penny Stocks #4: AngioSoma, Inc. (OTCPK: SOAN)
SOAN is on my watchlist … again. I’ve been watching it for a multi-day breakout that hasn’t happened yet.
Since it’s holding its highs, I’ll keep watching it. If it can’t break out, I’ll watch for a morning panic.
Biotech Penny Stocks #5: Cellect Biotechnology Ltd. (NASDAQ: APOP)
This is a low float biotech stock with less than 4 million shares. There’s no recent news on the company. The stock is uptrending from its recent low.
I’ll watch for volatile moves and continued upside to the recent high of $4.80.
Biotech Penny Stocks #6: Aeterna Zentaris Inc. (NASDAQ: AEZS)
AEZS was moving on Monday after it announced an exclusive license agreement to potentially develop an oral COVID-19 vaccine.
I’ll keep an eye on this former runner for continued upside.
Biotech Penny Stocks #7: ENDRA Life Sciences Inc. (NASDAQ: NDRA)
NDRA management is scheduled to present at a virtual conference on March 15–19.
Watch for a potential multi-month breakout over $3.
Biotech Penny Stocks #8: Tauriga Sciences, Inc. (OTCQB: TAUG)
On Monday, TAUG announced it’s assembling a sales force to push the release of its new higher-potency CBD chewing gum.
There could be potential for more upside and a retest of its recent $0.1985 high.
Biotech Penny Stocks #9: IntelGenx Technologies Corp. (OTCQB: IGXT)
On Monday, IGXT announced a partnership with another company. The partners will focus on developing treatments for mental illnesses, including the use of psychedelics.
I’ll watch for a breakout over 40 cents.
Biotech Penny Stocks #10: Cybin Inc. (OTCQB: CLXPF)
The company’s CEO will present a business update at a virtual conference this afternoon.
CLXPF is another company developing psychedelic treatments for neurological conditions.
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!
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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 top 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 — March 17, 2021 appeared first on Timothy Sykes.