Many of the stocks to watch today are moving on recent SEC filings.
Do you know how to read these sometimes complicated forms?
If you don’t, get my “Read SEC Filings” DVD now. I made it with my first millionaire student Michael Goode.*
It’s a must-watch, especially if you trade higher-priced listed stocks.
Listed stocks are required to file forms with the SEC when there’s a change that affects a company’s business or stock. And it’s not just about good news…
Companies also have to report negative news and things like offerings and dilution that can push the stock price down. That’s why learning how to read them is a must.
See how SEC filings are impacting the top 10 stocks to watch today…
10 Stocks to Watch for Thursday, April 22, 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
- 8 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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Need more stocks to watch? Subscribe to my weekly watchlist and I’ll deliver the stocks I’m watching every week right to your inbox.
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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: Mogo Inc. (NASDAQ: MOGO)
On April 16 MOGO reported that it closed its previously announced investment in Coinsquare.
Coinsquare is “Canada’s leading digital asset trading platform.” And MOGO now has a 19.99% ownership interest in the company and the right to increase its ownership up to 43%.
The stock was downtrending until yesterday. It’s typical of the informational inefficiencies I see in penny stocks. And it’s why I don’t try to predict how a stock will react to news. I wait for a reaction, then plan a trade if I see my setup.
Traders can watch for continued upside.
Stocks to Watch Today #2: MacroGenics, Inc. (NASDAQ: MGNX)
MGNX is a biotech company working to develop therapies to treat cancer. On April 15 the company announced it will collaborate with another company to develop novel immunotherapy.
The stock traded lower than average volume yesterday, but it’s still holding near its recent highs. Traders can watch for a breakout over yesterday’s high of $34.29. Ideally, we’ll see more volume.
Stocks to Watch Today #3: Golden Matrix Group, Inc. (OTCPK: GMGI)
GMGI is a tech company that develops online gaming platforms for its customers.
There’s no recent news on the company since April 7. That’s when the company announced it “launched its first custom-built online sportsbook platform with an established online gaming operator in a new and significant geographic sports gaming market.”
Read the full press release here.
On Tuesday the stock had a multi-month breakout over roughly $7.80. Yesterday the stock continued higher but it was choppy and struggling to hold its highs.
Traders can watch for a morning panic dip buy opportunity. The stock trades low volume. Keep that in mind when determining your position size if you decide to trade this stock.
Stocks to Watch Today #4: inTEST Corporation (NYSE: INTT)
INTT is a tech company. On April 13 the company filed a Form 8-K reporting that it amended its property lease agreement. The company surrendered space, which will save the company money.
On April 14 INTT filed another Form 8-K. It reported that it amended its loan and security agreement, increasing the company revolving credit by $2.5 million.
The stock was falling from its recent high of $12.61. But yesterday it gapped up on higher than average volume. It closed near its highs. Traders can watch for a continued short squeeze to the upside.
Stocks to Watch Today #5: Ocugen, Inc. (NASDAQ: OCGN)
OCGN is another biotech company. It’s developing a COVID-19 vaccine with a partner company.
Yesterday OCGN announced interim data from its Phase 3 study shows “COVAXIN demonstrated a vaccine efficacy in mild, moderate, and severe COVID-19 disease of 78% with efficacy against severe COVID-19 disease alone of 100%.”
Read the full press release here.
The stock gapped up following the news on high volume. It faded in the morning before coming back to close near its opening price.
The stock’s a former runner but likely has a lot of bagholders selling into spikes. It looks to have found support around $5.80. Traders can watch for a potential bounce but swing for singles.
Stocks to Watch Today #6: Reconnaissance Energy Africa Ltd. (OTCQX: RECAF)
RECAF was on Tuesday’s watchlist. The stock is running on news of preliminary data from its well-drilling program. And its announcement that it entered into a letter of intent to acquire Renaissance Oil.
It was on watch for a morning panic dip buy opportunity. The stock panicked and I bought the dip. (Past performance is not indicative of future returns.)
I bought 5,000 shares at $5.66 and sold them all at $5.77. I made a small profit of $550.* I underestimated the bounce, but I was happy to take a single when the overall markets were tanking.
I’ll keep watching the stock for dip-buying opportunities into big panics.
(*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.)
Stocks to Watch Today #7: Moxian, Inc. (NASDAQ: MOXC)
MOXC operates a social media platform that connects online customers with physical businesses.
There’s no recent news on the company but it’s being pumped as a reopening play, as more businesses reopen, and as a crypto play since it offers businesses online advertising.
It has a relatively low float of fewer than 10 million shares. It has the potential for volatile moves but it already had three green days in a row. I wouldn’t chase it. Traders can watch for dip-buy opportunities.
Stocks to Watch Today #8: Crossroads Systems, Inc. (OTCQX: CRSS)
CRSS is another stock returning from Tuesday’s watchlist. It’s been on an insane run, going from roughly $13 to $58.30 in six days. All while trading low volume. There’s no recent news on the company. It could be a pump or a giant short squeeze.
Traders can watch for a dip-buy opportunity into a big panic. But again, be careful to not take a big position size with this one due to its low volume.
Stocks to Watch Today #9: Energy Recovery, Inc. (NASDAQ: ERII)
ERII manufactures and sells energy recovery devices for the water, and oil & gas industries.
Yesterday the stock gapped up and traded higher than average volume on no news. It had a technical breakout over $20.25. It’s not a very volatile stock but it’s worth watching for continuation.
Stocks to Watch Today #10: Tiptree Inc. (NASDAQ: TIPT)
On Tuesday a subsidiary of TIPT announced “certain preliminary estimated unaudited interim consolidated financial statements” for the three months ending March 31, 2021.
The Form 8-K also comes with this warning: “The preliminary financial information above is unaudited and there can be no assurance that it will not vary from Fortegra’s actual financial results as of and for the three months ended March 31, 2021.”
The stock had two big green days with high volume following the news. I wouldn’t chase it. Traders can watch for dip-buy opportunities, ideally into a big panic.
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.
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!
The post Top Stocks to Watch Today: Thursday, April 22 appeared first on Timothy Sykes.