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Top Biotech Penny Stocks to Watch — May 12, 2021

This week’s biotech penny stock action is riding on Twitter hype, drug news, and earnings.

But yesterday was an ugly day for all the major indexes. They all had huge gap downs. That muted some of the spikes to start the week.

There are still stocks in play, but don’t swing for home runs. Be meticulous about picking the best trades for you.

I only made two trades yesterday. And both were on the same stock. Now’s not the time to chase a bunch of plays.

Focus on your best setups and go for singles. They can really add up over time.

But you must stay in the game. You can’t risk blowing up or going all in on one trade. Be patient.

Wait for the best trades to come to you.

Here’s 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…

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Now, let’s get to the top biotech penny stocks to watch this week…

Biotech Penny Stocks #1: Cerecor Inc. (NASDAQ: CERC)

Yesterday CERC announced its potential treatment for COVID-19 patients received the FDA’s fast track designation.

“Fast Track designation is granted to drugs being developed for the treatment of serious or life-threatening diseases or conditions where there is an unmet medical need.”

Read the full press release here.

The stock gapped up and had a morning spike before fading. It traded huge volume, so I’ll watch for it to find support and for a potential bounce to the upside.

 

Biotech Penny Stocks #2: Lipocine Inc. (NASDAQ: LPCN)

LPCN announced first-quarter earnings last week. Yesterday it moved on news that Zacks Small-Cap Research gave the stock a $10 price target.

I’ll watch the stock for more potential upside, ideally, with a bigger news catalyst.

 

Biotech Penny Stocks #3: Intec Pharma Ltd (NASDAQ: NTEC)

NTEC is a Twitter pump. It was being pumped after hours on Monday and went from roughly $4.25 to $5.60. Yesterday it had a morning spike, then faded.

I’ll watch for more volume to come in from continued pumping or a news release.

 

Biotech Penny Stocks #4: Tetra Bio-Pharma Inc. (OTCQB: TBPMF)

TBPMF is a developmental stage biotech company. It was on last week’s watchlist for a dip buy opportunity. This week it has new news…

Yesterday it announced it will accelerate its trials for testing cannabis as a treatment for cancer pain.

CEO Dr. Guy Chamberland said, “We believe based on our years of research that QIXLEEF™ will be proven to be safe and effective, and if so, provide patients with cancer pain a safer treatment option with potentially greater benefits than the current standard of care.”

Read the full press release here.

The stock gapped down and was red after the news. It could be an informational inefficiency. I’ll watch for a potential delayed reaction to the news.

 

Biotech Penny Stocks #5: Protagenic Therapeutics, Inc. (NASDAQ: PTIX)

PTIX recently uplisted to the Nasdaq. On Monday it had a massive move on high volume. Yesterday it gapped up but couldn’t hold its gains.

I’ll watch it for a potential panic dip buy opportunity. But it also has a low float of under 10 million shares, so it has the potential for a short squeeze.

 

Biotech Penny Stocks #6: Sesen Bio, Inc. (NASDAQ: SESN)

SESN announced first-quarter earnings on Monday. It also provided an update on its treatment for bladder cancer. The treatment is under priority review with the FDA.

I’ll watch this one to see if it can put together a multi-day run like it has in the past.

 

Biotech Penny Stocks #7: Catalyst Pharmaceuticals, Inc. (NASDAQ: CPRX)

CPRX is a biotech company that focuses on developing therapies for patients with chronic neuromuscular and neurological diseases.

The company announced first-quarter earnings on Monday.

The stock is trading in a channel between roughly $4.50 and $5. I’ll watch for it to break out. If it breaks down, I’ll watch for a panic dip-buy opportunity.

 

Biotech Penny Stocks #8: PolarityTE, Inc. (NASDAQ: PTE)

On Monday, PTE announced its trial for the potential treatment of diabetic foot ulcers met its primary endpoint.

Read the full press release here.

The stock had a massive gap up following the news. But the stock faded throughout the day. Yesterday it had a morning spike and closed near its highs. I’ll watch for it to continue to climb higher.

 

Biotech Penny Stocks #9: Organicell Regenerative Medicine, Inc. (OTCPK: BPSR)

BPSR is a recent supernova and returning from last week’s watchlist. Yesterday it announced “its Zofin™ therapy has been approved by Pakistani regulators to be used for a COVID-19 patient on compassionate grounds.”

Read the full press release here.

The stock had a huge gap up after the news. But it faded and closed at its daily low. I’ll watch it for a morning panic dip buy opportunity.

 

Biotech Penny Stocks #10: Endonovo Therapeutics, Inc. (OTCQB: ENDV)

Yesterday ENDV announced it completed its shipment of devices to Stanford University for use in a study.

“The Orthopedic interventional (clinical trial) study is utilizing Endonovo’s SofPulse® Pulsed Electromagnetic Field (PEMF) Therapy which is FDA Cleared for Post-operative reduction of Pain and Edema.”

Read the full press release here.

It’s another stock trading in a channel. I’ll watch ENDV for a breakout above the $0.043 area.

 

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.

penny stock checklist

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!

Disclaimers

*Please note that these kinds of trading results are not typical and do not reflect the experience of the majority of individuals using our products. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit. This figure is taken from tracking user accounts on Profit.ly, a trading community platform. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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