Welcome to my new weekly watchlist put up — the highest Reddit penny shares to look at now. I’m switching issues up. Why? Effectively, I’m positive you keep in mind the Reddit chat room WallStreetBets. It’s accountable for the brief squeezes and hedge fund blow-ups in meme shares like GameStop Corp. (NYSE: GME) and AMC
Welcome to my new weekly watchlist put up — the highest Reddit penny shares to look at now.
I’m switching issues up.
Why? Effectively, I’m positive you keep in mind the Reddit chat room WallStreetBets. It’s accountable for the brief squeezes and hedge fund blow-ups in meme shares like GameStop Corp. (NYSE: GME) and AMC Leisure Holdings, Inc. (NYSE: AMC).
However with GME and AMC buying and selling round $270 and $56 respectively, they’re out of penny inventory territory. And which means out of attain of loads of merchants with small accounts.
That’s why I’ve created this checklist of the highest Reddit penny shares to look at. First, I really like penny shares. And second, I need to train merchants with small accounts that they’ll capitalize on the quantity, hype, and volatility these chat rooms can create.
However don’t ever blindly observe or take heed to promoters or pumpers on social media and in chat rooms. All of them declare these shares are going to the moon. They’re not.
Most penny shares fail.
All the time count on the worst from each firm so that you received’t be dissatisfied. Be able to reap the benefits of the hype and volatility, commerce your patterns, then transfer on.
Listed here are the highest Reddit penny shares to look at this week…
5 Reddit Penny Shares to Watch This Week
I’ve reduce by the noise and chatter on Reddit and give you these prime 5 Reddit penny shares to look at now.
For those who’re new to buying and selling penny shares, get my FREE information to buying and selling this area of interest right here.
Let’s do that…
Reddit Penny Shares to Watch #1: Atossa Therapeutics, Inc. (NASDAQ: ATOS)
ATOS has had the eye of Reddit merchants for some time now. It’s a biotech firm that develops therapies for oncology and infectious illnesses.
Yesterday the corporate introduced the administration staff will launch Part 2 knowledge in an upcoming webinar. The webinar is scheduled for June 9 at 8 a.m. Pacific.
The inventory broke out over $5 and formally left penny inventory land following the information. Though it’s not technically a penny inventory anymore, it’s one of the crucial hyped-up shares within the Reddit penny inventory chat room. Some merchants have even given it a $40 worth goal.
There’s no means I’d maintain and hope for that worth goal. However with hype, excessive quantity, a catalyst, and new 52-week highs, this one has potential. I don’t wish to chase, so I’ll look ahead to dip-buying alternatives.
Reddit Penny Shares to Watch #2: Citius Prescription drugs, Inc. (NASDAQ: CTXR)
CTXR is one other biotech firm and Reddit favourite. The corporate develops anti-infective and different important care merchandise.
Yesterday the corporate introduced its inclusion within the Russell 2000 index as of June 28.
Firm president and CEO Myron Holubiak stated, “Our inclusion within the Russell index is a crucial milestone for Citius that displays the continued progress we’re making to develop and commercialize first-in-class remedy choices for sufferers world wide.”
Yesterday the inventory broke above resistance round $2.50. The following resistance on the chart is round $2.90. It’s a uneven inventory and I’d wish to see extra quantity for it to probably get away to new 52-week highs.
Reddit Penny Shares to Watch #3: Broadway Monetary Company (NASDAQ: BYFC)
BYFC supplies banking services.
If the Reddit chatter continues, it might probably get away.
Reddit Penny Shares to Watch #4: American Battery Metals Company (OTCQB: ABML)
ABML is an organization that mines for and recycles battery metals.
Reddit is buzzing in regards to the firm’s software to uplist to the Nasdaq. That information got here out on Could 20. There’s additionally a thread about Biden’s plan to push for battery recycling vegetation within the U.S.
ABML owns mining claims and 120 acres of personal property in Nevada.
The inventory has a historical past of multi-day runs. However I’d wish to see it recover from $2.50 with excessive quantity to push increased.
Reddit Penny Shares to Watch #5: Xeris Prescription drugs, Inc. (NASDAQ: XERS)
XERS is one other biotech firm. It develops ready-to-use injectable drug therapies.
On Could 24, the corporate introduced it’s going to purchase Strongbridge Biopharma plc (NASDAQ: SBBP).
“Upon shut of the transaction, the companies of Xeris and Strongbridge will probably be mixed beneath a brand new entity to be known as Xeris Biopharma Holdings, Inc. (‘Xeris Biopharma Holdings’).”
Redditors are chatting in regards to the potential for a brief squeeze and point out a worth goal of $8. Once more, I wouldn’t maintain in hopes of it reaching that worth. I’ll look ahead to a multi-day breakout over $4.40.
See the Penny Shares I’m Watching
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The Closing Phrase on Reddit Penny Shares
Reddit chat rooms have the potential to push shares increased. They’ll create big brief squeezes and supernovas. We’ve seen it occur prior to now.
And though the previous doesn’t repeat itself precisely, it typically rhymes.
I’m on no account saying run out and purchase these Reddit penny shares. The chat rooms might be stuffed with promoters and bots simply as a lot as Twitter. However shares with excessive quantity and hype might current alternatives. So watch them for potential performs.
However all the time have a buying and selling plan and keep disciplined. And by no means imagine the hype.
And while you’re prepared, apply for my Buying and selling Problem.
Which of those Reddit penny shares do you assume has probably the most potential? Let me know within the feedback … I really like to listen to from you!
*This degree of profitable buying and selling shouldn’t be typical and doesn’t mirror the expertise of the vast majority of people utilizing the providers and merchandise supplied on this web site. From January 1, 2020, to December 31, 2020, typical customers of the services supplied by this web site reported incomes, on common, an estimated $49.91 in revenue.
**Tim Sykes has a minority possession stake in StocksToTrade.com.