Top Stocks to Watch Today: Friday, April 16

I don’t recommend chasing any of these stocks to watch today.

Today is all about dip buys. I refuse to chase stocks. And I teach students not to either.

Missing a trade is much smarter than chasing a stock and ending up with a loss.

And in this market environment, you can’t be too careful. One day stocks are up, the next is full of nothing but failed spikers.

On slow days, be extra vigilant about choosing which stocks to trade. And risk/reward is an important factor when planning any trade. So is the overall market environment…

Adjust your trading accordingly.

Here’s my list of the top 10 stocks to watch today.

10 Stocks to Watch for Friday, April 16, 2021

Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.

But there’s always something you can learn.

Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.) 

The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.

If you want to know which penny stocks I’m watching…

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For even more stocks to watch, check out these blog posts that I update weekly:

Now, here are 10 top stocks to watch today…

Stocks to Watch Today #1: REV Group, Inc. (NYSE: REVG)

Yesterday REVG announced it will team up with Lightning eMotors to co-develop electric ambulances.

“REV Group’s vision is our continuous pursuit to improve the quality of life for our customers and communities. This pursuit includes our commitment to investing in innovative technology and leading in the electrification of commercial vehicles,” said REV Group president and CEO Rod Rushing.

Read the full press release here.

The stock gapped up and spiked on the news but faded throughout the day. The breakout level of around $20.60 was rejected multiple times. Traders can watch for a panic dip buy opportunity.


Stocks to Watch Today #2: Wilhelmina International, Inc. (NASDAQ: WHLM)

WHLM was on Tuesday’s watchlist for dip-buy opportunities. Since then it has had three green days. (Past performance is not indicative of future results.)

Yesterday it had a huge short squeeze on high volume as it broke above Monday’s high of $10.45. I tried to buy it but missed my entry. Like I said, I refuse to chase.

Watch for a morning panic dip buy opportunity.


Stocks to Watch Today #3: Ardelyx, Inc. (NASDAQ: ARDX)

ARDX is a biotech company. On Wednesday, it announced its collaboration partner initiated Phase 3 clinical studies of its treatment for an electrolyte disorder. Reaching the Phase 3 milestone means a $5 million payment to ARDX.

It had a technical breakout yesterday on high volume.  I wouldn’t chase it. Traders can watch for a dip buy opportunity.


Stocks to Watch Today #4: BCTG Acquisition Corp. (BCTG)

BCTG is a special purpose acquisition company (SPAC). On Tuesday it announced biotech company Tango Therapeutics will merge with the company to go public. When the deal closes, the company will trade under the Nasdaq ticker TNGX.

Traders can watch for a breakout over $14. But I’d prefer to see more volume.


Stocks to Watch Today #5: PLBY Group, Inc. (NASDAQ: PLBY)

PLBY’s another stock back on the watchlist from last week. The stock is running since it announced it was entering the NFT space. Most recently it announced a partnership to offer PLBY and art NFTs on a block-chain marketplace.

Read the full press release here.

Its chart looks like a penny stock pump. If it can breakout over $44.23 with high volume, it could squeeze higher. But be leery of a possible secondary offering or selling pressure from shorts and profit takers.

If it fails to break out and squeeze, traders can watch for a panic dip buy opportunity.


Stocks to Watch Today #6: Blink Charging Co. (NASDAQ: BLNK)

Yesterday, BLNK announced that 19 of its chargers in Texas were upgraded to fast Level 2 charging stations. The upgrades come with a five-year agreement that automatically renews.

Read the full press release here.

The stock had a small gap up and morning spike then faded all day. It’s not as volatile as it was when the EV sector was hot. Traders can watch for more panic and a possible dip buy opportunity.


Stocks to Watch Today #7: Sysorex, Inc. (OTCQB: SYSX)

SYSX ran Wednesday in sympathy to bitcoin making new all-time highs. It also released this merger news.

The stock has an extremely low float of under 500,000 shares and is highly volatile.  Yesterday it closed way off its highs, and the volume is fading. Traders can watch for a morning panic dip buy opportunity.


Stocks to Watch Today #8: Oncology Pharma Inc. (OTCPK: ONPH)

ONPH is associated with Regen BioPharma, Inc. (OTCPK: RGBP), my favorite ticker of the week. I’ve traded it 10 times this week. (See all my RGBP trades here.)

RGBP ran after it filed a Form 8-K noting it entered into an exclusive rights agreement with ONPH.

The agreement grants ONPH an “exclusive right and license for the development and commercialization of certain intellectual property (‘License IP’) for the treatment in humans of pancreatic cancer for a term of fifteen years from April 7, 2021.”

Yesterday ONPH expanded on the license agreement in this press release.

The stock gapped up on the news but traded low volume. The chart shows a history of big red days after each run-up. Traders can watch for a dip buy opportunity into a big panic.


Stocks to Watch Today #9: Inovio Pharmaceuticals, Inc. (NASDAQ: INO)

Yesterday INO gapped up on positive news about its potential COVID-19 vaccine. The stock traded high volume but could hold its gains.

It’s a former runner with a lot of overhead resistance. Traders can watch for the stock to find support for a potential dip buy opportunity.


Stocks to Watch Today #10: Esports Technologies, Inc. Common Stock (NASDAQ: EBET)

EBET is an online sports betting company that had its market debut yesterday.  The company only offered 2.4 million shares at $6 per share in its IPO.

However, the stock opened at $21 per share and quickly spiked to a high of $36.80 due to its low float. It was halted multiple times on the way up and the way down.

It’s a volatile stock and could offer more quick moves. The stock closed near its high. Traders can watch for more potential upside.


How I Find Stocks to Trade

There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.

Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price.

STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.

penny stock checklist

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.

Try a 14-day trial of StocksToTrade with 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.)

Frequently Asked Questions About Stocks to Watch Today

What Are the Best Stocks to Trade as a Beginner?

My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.

Can You Get Rich Trading Stocks?

Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.

How Much Money Do You Need To Start Trading Stocks?

Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.

Is Trading Stocks Risky?

All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.

Conclusion About Top Stocks to Watch Today

Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.

I want you to become self-sufficient.

I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.

If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you! 

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