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3 Hot Penny Stocks on Watch
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Good morning traders,
Here we go again with markets pushing higher and looking for all time highs once again. I love how the IWM has been pushing and I fully expect this to keep pushing higher ahead of the next rate cut in December.
With that, we should see a big run on penny stocks like we are seeing on stocks like CMCT this morning which is up nearly 100% on news, or BBAI which is continuing from it’s strong run yesterday and up another 6% this morning in the pre-markets.
Also, keep an eye on MARA, RIOT and a few of the bitcoin stocks. With bitcoin dropping recently from $110k to $103k, I think we could see a bounce in this space.
That being said, here are 3 stocks I like for today….
MARA with the 50 day SMA at $16 area I think we have nice range here.
LUCY is moving nice this morning and up about 15% at $1.80 area. I like this chart for a possible push to $2 to $2.20 range.
FUFU had earnings today and the stock is moving up about 10% here. If we break $3.60 area then I like this for a possible run to $4
I’ll be talking about these stocks and a TON more penny stocks in the Market Masters chat room today live from 9am to 11am via this link right here.
Love penny stocks? My Atomic Trades service focuses solely on penny stocks, penny stock education and live trading. If you have any questions about that program just give my buddy Stephen a call at 1-800-585-4488.
⚖️ How do you view penny stocks overall? |
Cheers
Jeff Williams
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