Biotechs are the top stocks to watch today.
There’s been a huge biotech runner almost every day for the last week. That’s not to say that past performance is indicative of future results.
And as much as these stocks run on positive drug news and hype, they can crash just as quickly on bad drug news or secondary offerings.
Cara Therapeutics, Inc. (NASDAQ: CARA) is a perfect example. It crashed almost 50% yesterday after it released negative trial news. That’s what’s possible with sketchy biotechs.
So never chase. And never hold and hope. Some of these stocks are moving on sector momentum without any catalyst to sustain the move. They could crash hard…
And that’s exactly what I’m watching for. But you must know when to dip buy, and when not to dip buy…
Here are the top 10 stocks to watch today…
10 Stocks to Watch for Friday, April 30, 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:
- 13 Stock Chart Patterns You Should Know: A Complete Guide
- 5 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
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:
- Get my weekly top penny stocks list here.
- Want to trade a specific sector? Check out my biotech penny stocks watchlist here.
Now, here are 10 top stocks to watch today…
Stocks to Watch Today #1: Extreme Networks, Inc. (NASDAQ: EXTR)
EXTR is a tech company that announced fiscal third-quarter earnings on Wednesday.
Yesterday it had a breakout over previous resistance of roughly $11. The stock has already had five green days in a row. It could be getting overextended. Traders can watch for a dip-buy opportunity.
Stocks to Watch Today #2: Capricor Therapeutics, Inc. (NASDAQ: CAPR)
CAPR is a biotech company. Higher-priced stocks in this sector are hot. Yesterday it announced it signed a worldwide licensing agreement with Johns Hopkins University.
Company CEO Linda Marbán said, “This agreement marks a significant milestone in the development of our Company. We believe that this new platform technology has the ability to expand into disease areas of high unmet medical need.”
Read the full press release here.
The stock had its first green day following the news but it couldn’t hold its highs. Traders can watch for a dip-buy opportunity and a morning spike.
Stocks to Watch Today #3: 22nd Century Group, Inc. (NYSE: XXII)
XXII is a recent runner. On Monday it announced the delivery of 3.6 million cigarettes for use in scientific studies.
Yesterday, the FDA proposed a ban on menthol and flavored cigarettes. The news could negatively impact the stock.
Traders can watch for a dip-buy opportunity into a big panic.
Stocks to Watch Today #4: Vesper Healthcare Acquisition Corp. (NASDAQ: VSPR)
VSPR spiked on Wednesday after it released this Form 8-K. Yesterday it retreated from its highs around $11.50.
It’s trading low volume so traders can watch for a morning panic dip buy opportunity.
Stocks to Watch Today #5: Alpine 4 Holdings, Inc. (OTCQB: ALPP)
ALPP was on yesterday’s watchlist to watch for a dip-buy opportunity into a big panic. The stock dipped from roughly $5.40 to $5. Not a big enough panic for me to buy.
Like I said yesterday, the stock looks like a #6 from my 7-step framework. I’ll watch for dip-buying opportunities into big panic only.
Stocks to Watch Today #6: Galera Therapeutics, Inc. (NASDAQ: GRTX)
GRTX is another biotech stock. Wednesday in after-hours, it announced positive data from its Phase 1/2 trial in patients with pancreatic cancer.
“As of this data analysis, median overall survival in the treatment arm was nearly twice as long as observed in the placebo arm, 20.1 months compared to 10.9 months, respectively. 29% of patients in the treatment arm achieved a 30% or greater response (partial response) compared to 11% of patients in the placebo arm.”
Read the full press release here.
The stock had a massive gap up yesterday morning but then faded throughout the day. It has a low float of roughly eight million shares and traded high volume of over 25 million shares.
Traders can watch for the stock to find support for a potential dip buy opportunity. The stock has the potential for a volatile bounce and short squeeze due to its low float.
Stocks to Watch Today #7: Willamette Valley Vineyards, Inc. (NASDAQ: WVVI)
WVVI is a wine producer. It sells wine in the U.S. and worldwide under multiple labels.
There’s no recent news on the company. It’s a low float stock with roughly four million shares so it has the potential for volatile moves. Yesterday’s move could’ve been a giant short squeeze. Traders can watch for a dip buy opportunity into a big panic.
Stocks to Watch Today #8: Ocular Therapeutix, Inc. (NASDAQ: OCUL)
OCUL is another biotech company. Yesterday it announced it will present clinical data at the Association for Research in Vision and Ophthalmology (ARVO) annual meeting. The virtual presentation will be available on May 1.
Company president and chief medical officer Michael Goldstein said, “The progress we are making in these two programs is exciting as we look to advance each into Phase 2 clinical trials.”
Read the full press release here.
The stock is a former multi-day runner. And the tease of news in the future could offer a ‘buy the rumor, sell the news’ opportunity. Traders can watch for continued upside.
Stocks to Watch Today #9: Vaxart, Inc. (NASDAQ: VXRT)
VXRT is yet another biotech company running on recent news. On Tuesday it announced it’s developing a method to take vaccines orally instead of by injection. The company will also host a webcast on May 3 to discuss the importance of T-cell responses to fight virus variants.
Read the full press release here.
Yesterday the company announced it will present at the virtual World Vaccine Congress Washington meeting May 4–6.
Stocks to Watch Today #10: Brooklyn ImmunoTherapeutics, Inc. (NYSE: BTX)
Yep, another biotech stock … BTX is a massive runner with no recent news since it filed this Form 4 on April 20.
It was on the watchlist yesterday for a dip buy into a big panic after it went supernova on Wednesday.
It panicked yesterday morning and offered a dip-buy opportunity with a bounce of almost $5 per share. But it was too choppy for me. (Past performance is not indicative of future results.)
It’s on watch for a bigger panic since it’s still up a lot.
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.
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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.
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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!
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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