Biotech Penny Stocks to Watch: Key Takeaways
- Four company directors are scooping up shares of stock #1.
- Stock #5 just broke out to new 52-week highs — find out where I think it goes from here…
- Can a Twitter pump have a big move despite a recent lawsuit against the company?
Forget buy and hold — learn how to approach stocks like a trained sniper.
I’m watching biotech penny stocks with new yearly highs, insider buying, and huge recent runners for potential morning panics. Plus, stock #6 could move on a future catalyst. Find out what it is and my trade ideas for this week’s top eight biotechs (details below).
- ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP … Read our full analysis here.)
- Synlogic, Inc. (NASDAQ: SYBX … Read our full analysis here.)
- Cellect Biotechnology Ltd. (NASDAQ: APOP … Read our full analysis here.)
- Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS … Read our full analysis here.)
- XORTX Therapeutics Inc. (OTCQB: XRTXF … Read our full analysis here.)
- Adial Pharmaceuticals, Inc. (NASDAQ: ADIL … Read our full analysis here.)
- Enveric Biosciences, Inc. (NASDAQ: ENVB … Read our full analysis here.)
- Immutep Limited (NASDAQ: IMMP … Read our full analysis here.)
My top https://t.co/occ8wKmlgm students turned self-sufficient millionaire students turned masters and I hope you had a great holiday weekend, but also that you studied at least a little too! We’re alllllll ready for the market tomorrow, are you?!?! HOW BAD DO YOU WANT SUCCESS?!? pic.twitter.com/UVdBZnq48n
— Timothy Sykes (@timothysykes) September 6, 2021
Top Biotech Penny Stocks to Watch
These are the top stocks on my watchlist. ‘Watch’ is the key word here. There’s no guarantee that there’ll be a trading opportunity. Remember, these stocks move FAST.
Before we get to my list of stocks to watch, here are a few of my top resources for penny stocks…
- If you’re new to penny stocks, start here with this FREE online guide.
- Ready to learn how to build your own stock watchlist? This post is for you.
- Discover how I find all the stocks on my watchlists here.
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Now, let’s get to the top biotech penny stocks to watch this week…
Biotech Penny Stocks #1: ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP)
ZIOP develops immuno-oncology therapies.
The stock was up over 40% on September 7. It gapped up and spiked in the morning, had a multi-day breakout over $1.95, and hit resistance around $2.40.
SEC filings from September 3 show insiders are scooping up shares. Four company directors bought shares for between $1.70 and $1.83.
Read the Form 4s here, here, here, and here.
I’ll watch ZIOP for a potential breakout over $2.50. I want to see it continue to trade high volume and, ideally, a catalyst announcement.
Biotech Penny Stocks #2: Synlogic, Inc. (NASDAQ: SYBX)
SYBX develops synthetic biotic medicines to treat inflammation, metabolic diseases, and cancer.
On September 3 the stock moved big on high volume, but it had no news. The next trading day it consolidated around $3.
If it drops news, I’ll watch for a multi-day breakout over $3.28. Without news, I’ll watch for a panic dip buy.
Biotech Penny Stocks #3: Cellect Biotechnology Ltd. (NASDAQ: APOP)
APOP develops technologies to select stem cells for regenerative therapies.
The stock returns to the watchlist from last week. It was on watch for a panic dip buy, but the company announced news after hours on September 2…
APOP announced “the first ApoGraft transplantation in a Leukemia patient in the Company’s clinical trial at Washington University in the U.S.
“ApoGraft is a product based on the Company’s cell selection technology designed to optimize immune therapy, in this application – prevent graft-versus-host disease (GVHD) following bone marrow transplantation.”
Read the full press release here.
The stock had a huge gap up from $5.50 to $8.87 on September 3. Then it faded all day and gapped down the next trading day.
I’ll watch it for a dip buy into a big morning panic. But after two big red days, it could find support in the mid-$5s and bounce. Be ready to react to the price action.
Biotech Penny Stocks #4: Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS)
PIRS develops drugs to treat inflammatory diseases and tumors.
It’s another stock returning from last week’s watchlist. I was watching for a panic dip buy, but it’s still holding above $5.
I’ll keep watching it for a breakdown below $5 and a dip buy into a big panic.
Biotech Penny Stocks #5: XORTX Therapeutics Inc. (OTCQB: XRTXF)
XRTXF develops kidney disease treatments.
The most recent news on the company is from September 2 when it announced voting results from a special shareholder meeting.
The stock had a multi-month breakout on September 3. On September 7 it gapped up and gained over 15%, making new 52-week highs of $0.6016.
I don’t want to chase it. I’ll watch for a morning panic dip buy.
Biotech Penny Stocks #6: Adial Pharmaceuticals, Inc. (NASDAQ: ADIL)
ADIL develops treatments for addiction and related disorders.
The stock made new 52-week highs of $4.77 on September 7 after it had a multi-day breakout over $4.53. It’s the move I was watching for last week. (Past performance is not indicative of future results.)
The breakout was weak — it was trading low volume. But the same day, the company announced its CEO will present at the H.C. Wainwright 23rd Annual Global Investment Conference, September 13–15.
I’ll watch it for a panic dip buy. But the stock could present a different pattern after the conference. I’ll watch it for a reaction to the CEO’s presentation.
Biotech Penny Stocks #7: Enveric Biosciences, Inc. (NASDAQ: ENVB)
ENVB develops cannabinoid medicines to treat cancer patients.
The stock gapped up and spiked on September 3 after the company released a Form 8-K in response to a complaint filed in the United States District Court for the Southern District of New York.
“The Company believes that the suit is without merit and intends to defend vigorously against the suit.”
The stock’s getting attention on Twitter. It had a multi-month breakout over $3.15, but I won’t chase it without a catalyst. I’ll watch for a panic dip buy.
Biotech Penny Stocks #8: Immutep Limited (NASDAQ: IMMP)
IMMP develops immunotherapies for cancer and autoimmune disease.
I was watching it last week for more potential upside after it broke out over $4. It hit resistance around $4.50 and is struggling to hold up.
It’s trading low volume and likely needs a catalyst to push higher. I’ll watch it for morning panic dip buy.
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I’ll say it again … The stocks on my watchlist aren’t an automatic buy. Remember to do your own due diligence and research. If you’re trading without a trading plan, you’re gambling. Don’t be a degenerate gambler — trade smart!
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Conclusion
Biotech penny stocks are stocks of small, developmental companies. These companies are usually desperate for cash. They need it to continue developing products and for testing and trials. Trade them with caution…
They’re known to be extremely volatile. They can have huge price swings. One minute they’re flying high on positive news — the next they’re down due to bad trial results, side effects, or stock dilution.
If you’re prepared to take advantage of the price swings, these stocks can offer great trading opportunities…
In my Trading Challenge chat room, my students and I talk about the hottest penny stocks. And many top traders who got their start in the Challenge are now chat moderators who answer questions and help out new students.
If you want to join a community of top traders, apply for my Trading Challenge. I don’t accept everyone. I only want the most dedicated students who are willing to put in the time and effort it takes to become my next top student. Could it be you?
What do you think of these biotech penny stocks to watch? Let me know in the comments … I love to hear from you!
Disclaimers
*Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed are exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
**Tim Sykes has a minority ownership stake in StockstoTrade.com.
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