The top stocks to watch today are missing some puzzle pieces.
That doesn’t mean there won’t be trading opportunities. But it does mean you should be extra cautious.
I always teach about the importance of multiple indicators lining up before a trade. And in this slower market environment, that’s more important than ever.
When there are less-than-ideal setups, traders may start to force trades on sub-par setups. Don’t bother.
Save yourself the frustration and headache.
Watch the stocks on today’s watchlist, but wait for multiple indicators to line up. Only trade your ideal setups.
Here’s my list of the top 10 stocks to watch today.
10 Stocks to Watch for Tuesday, April 20, 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)
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: Resolute Forest Products Inc. (NYSE: RFP)
RFP is in the forest products industry. Yesterday it traded high volume and made new 52-week highs. But there’s no recent news on the company.
The stock has had two big green days in a row. I wouldn’t chase it. Traders can watch for dip-buy opportunities.
Stocks to Watch Today #2: Star Bulk Carriers Corp. (NASDAQ: SBLK)
SBLK is a marine shipping company that transports dry cargo worldwide. It ran yesterday on higher than average volume but no news.
The stock is close to a multi-month breakout over $17.88. Traders can watch for a breakout but ideally, with a catalyst and more volume.
Stocks to Watch Today #3: Ardelyx, Inc. (NASDAQ: ARDX)
It held near its recent highs. Traders can watch for a breakout over $9.23. But again, I’d like to see more volume and a catalyst.
Stocks to Watch Today #4: Clover Health Investments, Corp. (NASDAQ: CLOV)
CLOV is in the healthcare sector. It reportedly has over 100% short interest and it’s being pumped on social media. There’s speculation that it could be the next big short squeeze, like the one we saw in GameStop Corp. (NYSE: GME) in January.
The stock traded almost 250 million shares on Friday and yesterday it traded over 100 million. Traders can watch for continued upside. But never chase. Watch for dip buy opportunities.
Stocks to Watch Today #5: Clean Energy Fuels Corp. (NASDAQ: CLNE)
Yesterday, CLNE announced it “signed an agreement with Amazon (NASDAQ: AMZN) to provide low and negative carbon renewable natural gas (RNG).”
As part of the agreement, CLNE issued Amazon a warrant to purchase up to 53,141,755 shares at $0.0001 per share. Read the full Form 8-K here.
The stock traded high volume and had a huge gap up on the news. But then it faded throughout the day. Traders can watch for dip-buy opportunities.
Stocks to Watch Today #6: Reconnaissance Energy Africa Ltd. (OTCQX: RECAF)
RECAF has run for multiple days on higher than average volume. On Thursday the company released preliminary data from its well-drilling program.
It’s a solid multi-day runner, and I’d love to buy into a big morning panic.
Stocks to Watch Today #7: China Green Agriculture, Inc. (NYSE: CGA)
CGA returns to the watchlist this week. It’s a huge multi-day runner. On its Form 8-K filed April 8, the company reported the appointment of a new board member with previous experience in the blockchain industry.
That could be driving the latest price action. The stock’s up a lot, so I wouldn’t chase. Traders can watch for a dip-buy opportunity, preferably into a big panic.
(Past performance is not indicative of future results.)
Stocks to Watch Today #8: Crossroads Systems, Inc. (OTCQX: CRSS)
CRSS ran from roughly $13 to $48 in four days. But it only trades about 150,000 in volume per day. I don’t see any recent news on the company. It could be a pump.
Traders can watch for a dip buy opportunity into a big panic. Be careful to not take a big position size with this one due to its low volume.
Stocks to Watch Today #9: Eagle Bulk Shipping Inc. (NASDAQ: EGLE)
EGLE is another marine shipping company that ran yesterday.
The stock briefly had a multi-day breakout over the resistance of $40.91. But it traded low volume. Traders can watch for a panic dip buy opportunity.
Stocks to Watch Today #10: BBQ Holdings, Inc. (NASDAQ: BBQ)
BBQ Holdings had a big run in early April after reporting fourth-quarter earnings.
Since then, the stock dipped and has started to bounce. Yesterday it filed a Form 8-K providing investor updates and 2021 guidance.
The stock closed near its highs. Traders can watch for continued 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.
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.
(*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.
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!