When you think about investing in penny stocks, getting reliable information is crucial. Penny stocks can get you massive gains as well as losses depending on how strategically you invest. Finding information on these stocks may be challenging, and the little available information from penny stocks firms tend to be overambitious; giving an impression of a rapid increase in share prices. Here are the best penny stocks to follow according to today’s market trends.
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Penny Stocks To Watch For
Clean Diesel Technologies, Inc.
The outstanding performance with a record of 300% increase within a week puts these stocks on top of the watch list. The charts reveal its strong move above a 50-day moving average, an indicator of an uptrend in the setting. Look out for these stocks as the year progresses.
Golden Minerals Co.
Over the recent past, the charts reveal that these stocks are gaining momentum for a breakout. Getting to $0.90 is an indicator that traders should make a move to take advantage of the situation by placing a stop-loss order that is below the $0.74 recently reached.
These stocks have been an actualization of the theoretical influence of a trendline on the price of penny stocks for months. What makes this penny stocks hot and worth to watch for is the strong surge in momentum that they have shown. It's among the companies that have demonstrated strongest patterns.
From the charts, there has been a surge in momentum after a close above the trendline, and this is projected to remain in place. These penny stocks have shown more room, and speculations are that traders will move in to protect their positions by placing stop loss orders below the trendline, which makes this stocks among those to be watched out for in the penny stocks.
Solitario Exploration & Royalty Corp.
Completing the list of top five among the list of penny stocks to watch for; these stocks have shown a recent breakout coupled with a surge in volume. Their upward trend is predictable in their close above a key resistance level. It is most likely that the protection of positions by traders will be the placing of stop loss orders below the trendline.
Ekso Bionics Holdings
Although in the OTC market, these stocks show tremendous potential. The companies exoskeletons that are applicable in many fields from medical to defense puts it at an advantage to grow rapidly and ensure the investor profits.
Fuel Cell Energy
The shift in focus to clean energy puts this company and the stocks at a strategic point for a surge in momentum. The future that is more into green energy makes this penny stocks, one of the best in potential.
The potential in biotechnology is what Novavax is tapping into as it grows. This company specializes in developing vaccines and is poised for a major breakout. It is worth the hype for 2016 because of the future trends in the human handling of diseases.
Best Penny Stocks Today
MGT Capital Investments Inc.
This company specializing in the online and mobile gaming platform realized almost 1300% increase from $0.27 in January to $3.24 on June 27. This company is among the top hot penny stocks.
Vista Gold Corp
With stocks up by 560%, this company is second on the list. It is involved in the gold mining industry and is among the hot penny stocks. It is mining activities are in Australia and North America. That finishes the list of the top 10 penny stocks today and the best performing penny stocks
China Commercial Credit Inc.
This company providing financial services in China had its stocks go up 371% in the same period from January to June 27th. It is among the best stocks to go for when you want to make it big in the penny stocks market.
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When you decide to invest in penny stocks, having sufficient information might save you the huge loss in business that you might hit. There are good penny stocks that will ensure you make it big while some may be scams and aimed at taking away your money. Knowledge of the market trends is a good starting point in making your money grow. The above-listed penny stocks, could be a good place to start before expanding to other good penny stocks.