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Top Stocks to Watch Today: Thursday, March 11

You won’t find meme stocks in with the top stocks to watch today…

Why?

Because chasers get burned. And in the case of GameStop Corp. (NYSE: GME) yesterday, they got scorched. The stock crashed $100 per share in a matter of minutes.

So if you’re still chasing hot stocks and the next big runner, here’s your reality check … To make it as a trader, you need rules, discipline, and a plan.

None of my top students chase stocks. It doesn’t matter how high they go. They wait like a sniper for their patterns and setups.

I know a few top traders who report profiting from the GME panic and bounce. That’s because the price action fit a pattern and strategy that works for them.

So find what works for you and stop chasing the next hot pick. Use this watchlist as a guide, then make your plan.

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

10 Stocks to Watch for Thursday, March 11, 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…

Get the Stocks I’m Watching Delivered to Your Inbox

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.

👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here.

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: Enveric Biosciences, Inc. (NASDAQ: ENVB)

ENVB is in the hot biotech sector. Yesterday it announced it acquired an exclusive license from another company. ENVB plans to research whether the company’s drug could reduce cancer treatment side effects.

The stock had a huge gap up following the news and traded extremely high volume. Traders can watch for continued upside momentum.

 

Stocks to Watch Today #2: McAfee Corp. (NASDAQ: MCFE)

MCFE was on Tuesday’s watchlist after announcing it sold its enterprise software business for $4 billion cash.

The stock has been holding near its highs. Traders can watch for a multi-day breakout over $24.60.

 

Stocks to Watch Today #3: Digital Turbine, Inc. (NASDAQ: APPS)

Last week APPS announced it acquired another company. Yesterday the company announced its CEO will participate in a fireside chat on March 15 at the virtual ROTH conference.

The stock’s trading higher than average volume. Traders can watch for a potential bounce back to yesterday’s high of $83.30.

 

Stocks to Watch Today #4: Second Sight Medical Products, Inc. (NASDAQ: EYES)

EYES also made Tuesday’s watchlist. It had a huge multi-day run after it announced the FDA approved its retinal prosthesis system.

The stock has since had two big red days. Traders can watch for the stock to find support where short sellers buy to cover and for dip buyers to come in. That could potentially create a quick bounce.

 

Stocks to Watch Today #5: Clean Energy Fuels Corp. (NASDAQ: CLNE)

CLNE announced fourth-quarter earnings yesterday. It also announced it will develop new renewable natural gas facilities. And it will work with a subsidiary of BP p.l.c. (NYSE: BP), which is putting $50 million toward the projects.

Traders can watch for continued upside if it can get over resistance around $14.

 

Stocks to Watch Today #6: Canaan Inc. (NASDAQ: CAN)

CAN has been on this watchlist a few times. It’s a crypto play and moves in sympathy to bitcoin.

On Tuesday the stock had a big move and broke out to new all-time highs. Yesterday it gapped up but retreated slightly. Traders can watch sector leader bitcoin for direction. Bitcoin’s close to testing its all-time highs. It could hit resistance or break out.

 

Stocks to Watch Today #7: Rubius Therapeutics, Inc. (NASDAQ: RUBY)

RUBY is another biotech stock. On February 26, it filed a Schedule 13G with the SEC. It notes several investors obtained positions of over 5% of the company.

The stock’s steadily uptrending since. It’s near the multi-month breakout level of around $16 … but may need more volume to break out.

 

Stocks to Watch Today #8: United Natural Foods, Inc. (NYSE: UNFI)

UNFI reported its second-quarter fiscal earnings yesterday. The stock traded higher than average volume and broke out to new multi-year highs.

Traders can watch for continued upside momentum.

 

Stocks to Watch Today #9: MediciNova, Inc. (NASDAQ: MNOV)

On Tuesday MNOV announced a partnership. It plans to repurpose its oral anti-inflammatory agent to potentially treat lung injuries.

The stock had a huge gap up but then retreated. Traders can watch for a potential bounce and short squeeze.

 

Stocks to Watch Today #10: Roblox Corp (NYSE: RBLX)

RBLX is an online gaming platform. It’s a highly anticipated IPO that opened on the market yesterday.

It was due to open at $45 per share, but demand pushed the opening price to $64.50. The stock made a high of $74.07 on its first day of trading.

 

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! 

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