I’m eyeing last week’s continued momentum for the top stocks to watch today.
News is still driving tech stock and biotech action, and some NFT stocks are back in play.
But many of these stocks are already up a lot. And I hate to chase. Plus, the overall markets continue to chop around, moving sideways with no clear direction.
So it doesn’t matter if you trade these higher-priced stocks or sketchy penny stocks. Trade scared. Take profits when you can and always cut losses quickly.
Small gains add up over time if you have your right process you can repeat over time.
Learn to trade the news and hype, then move on.
Here are the top 10 stocks to watch today…
So begins another trading week & I hope you have a great week, but also remember to trade with rules/discipline. Singles, NOT home runs, add up the most over time, cutting losses quick does NOT make you weak, it makes you responsible & 90% of traders lose so it’s good to be SAFE!
— Timothy Sykes (@timothysykes) April 26, 2021
10 Stocks to Watch for Tuesday, April 27, 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…
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:
- 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: Luminar Technologies, Inc. (NASDAQ: LAZR)
LAZR is a tech company that ran last week as tech stocks saw some life. (Past performance is not indicative of future results.) The company develops lidar sensors for vehicles.
Yesterday it announced a partnership with Airbus SE’s subsidiary “to give future flight technologies a development fast-track by building, evaluating, maturing and validating new products and services that encompass radical technological breakthroughs.”
Read the full press release here.
The stock is already up a lot from its recent lows of $16. Traders can watch for a panic dip-buy opportunity.
Stocks to Watch Today #2: Jiayin Group Inc. (NASDAQ: JFIN)
JFIN was trading higher yesterday as other tech and NFT stocks ran. There’s no recent news on the company.
It’s a former runner so it’s worth watching for dip-buying opportunities. It looks like a #5 from my 7-step framework. You never know how long these bounces will last. Be ready to cut losses quickly.
Stocks to Watch Today #3: Casper Sleep Inc. (NYSE: CSPR)
CSPR ran yesterday after Wedbush Securities upgraded the stock from neutral to outperform.
The stock gapped up on higher than average volume and made a high of $9.29. The stock closed near its highs. Traders can watch for continued upside.
Stocks to Watch Today #4: Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH)
RVPH is a biotech company. Yesterday it announced positive Phase 2 trial results for its potential treatment for schizophrenia.
Read the full press release here.
It has a low float of roughly 6.5 million shares. It has the potential for volatile moves. But I wouldn’t chase. Traders can watch for a dip-buy opportunity and continued upside.
Stocks to Watch Today #5: Scienjoy Holding Corporation (NASDAQ: SJ)
SJ is a Chinese broadcasting company that provides live streaming platforms.
Yesterday the company announced “it has officially launched Non-Fungible Tokens (“NFTs”) on its live streaming platforms, making it one of the first live streaming platforms in mainland China to adopt the technology.”
Read the full press release here.
Yesterday it traded high volume and gapped up big. But it faded throughout the day. Traders can watch for a panic dip-buy opportunity.
Stocks to Watch Today #6: MicroVision, Inc. (NASDAQ: MVIS)
MVIS was on Friday’s watchlist. It’s another tech company that develops lidar sensors for self-driving cars. It’s getting pumped on Reddit chat hype. StocksToTrade’s Breaking News Chat picked up the news on Friday.
The stock had a big move Friday, and yesterday it gapped up and had another big green day. It had a multi-day breakout above previous resistance of $24.18. (Past performance is not indicative of future results.)
It’s likely getting overextended. But who knows how high the Reddit chat traders can push it. I wouldn’t chase it. Traders can watch for a dip-buy opportunity into a big panic.
Stocks to Watch Today #7: UiPath Inc. (NYSE: PATH)
PATH began trading through an IPO last Wednesday. It’s another stock from Friday’s watchlist. (Past performance is not indicative of future results.) It’s a tech company that offers an automation and robotics platform.
The stock started running after ARK Investment ETFs purchased 2.74 million shares of the company.
The stock’s up a lot. Yesterday it broke out above $80 and made a high of $82.44. But volume’s fading. Traders can watch for a panic dip-buy opportunity.
Stocks to Watch Today #8: PLBY Group, Inc. (NASDAQ: PLBY)
PLBY went supernova after announcing interest in moving into the NFT space. Yesterday it had a multi-day breakout over $50.
I wouldn’t chase. Traders can watch for a panic dip buy opportunity.
Stocks to Watch Today #9: Skillz Inc. (NYSE: SKLZ)
SKLZ is another tech company running on news that ARK Investment ETFs bought shares.
It’s lower priced compared to PATH. Yesterday it had a multi-day breakout over $19.55. Traders can watch for continued upside.
Stocks to Watch Today #10: Iteris, Inc. (NASDAQ: ITI)
ITI is a tech company that provides smart traffic solutions like lighting, traffic management solutions, and consulting services.
Last week it announced Rutgers University chose it to “support New Jersey Department of Transportation and Middlesex County’s connected and automated vehicle initiative.”
Read the full press release here.
The stock trades low volume, so watch your position size if you trade this stock. It’s close to a multi-day breakout over $7.82. But it’s already had four green days. If it fails to break out, watch for a potential panic dip-buy opportunity.
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!
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.
The post Top Stocks to Watch Today: Tuesday, April 27 appeared first on Timothy Sykes.