Are these Penny
shares set for new highs this week?
Penny's actions have
often proven to be some of the best forms of investment for those seeking to
obtain quick and short-term returns in the stock market. However, it is not as
easy as it seems. An investor needs to do a fair share of the research to
obtain substantial profits from these cheap stocks.
One of the best ways
to do this is by making a list of Top penny stocks that
are in the middle of a recovery. Then, find out which ones may be better to
trade at that time. Here is a look at 5 penny stocks that have been recovering
recently. Will they continue higher before the end of the week?
Penny Stocks to see # 1 Trade stock
The first penny that
investors might consider in this regard is that of Trade stock . As we have seen firsthand, it has enjoyed a
considerable recovery over the past few weeks. Yesterday, the biotechnological
penny stock recovered even more after Aethlon completed the direct registered
offer of its common shares.
Penny Stocks to see # 2 Citius Pharmaceuticals
The other penny that
has been in the middle of a recovery is that of Citius Pharmaceuticals (CTXR -
Stock Report). Since December, the Top penny
stock has recovered by up to 229%. He has become one of
the biggest winners among penny shares, and much of it is due to the positive
result of the provisional useless analysts of his Mino-Lok.
Penny Stocks to see # 3 Soleno Therapeutics
Next, investors could
also look at Solano Therapeutics. It has recovered significantly over the past
week and gained up to 35%. The bio pharmacy firm focuses on rare diseases.
During the last 2 months of 2019, SLNO shares increased by 234%.
Penny Stocks to see # 4 Tarena International
Another penny share
that investors might consider is Taren International (TEDU - Stock Report). He
has made impressive progress over the past week. The company offers
professional education services in China through an innovative platform. It
combines live instruction, as well as classroom tutoring and online learning.
On January 19, the
company announced that the List Qualifications Department of The Nasdaq Stock
Market Inc sent a letter indicating that Taren has regained compliance. Their
shares were able to maintain the minimum bid price required by the exchange.
Essentially, this means that the shares will continue to be listed on Nasdaq
without any problem. That resulted in a rebound in TEDU shares. During the past
week, he recovered by more than 65%.
Penny Stocks to see # 5 Accuray Incorporated
Finally, it is
Accuray Incorporated (ARAY - Stock Report) that has emerged as another penny
stock that could be worth tracking. Since January 10, ARAY shares have gained
more than 96%. Accuray shares are likely to be on several penny stock watch
lists if this trend continues. See
more: best penny stocks.