CNBX - 5 Penny Stocks To Buy Or Sell Before The End Of The Week?
5 Penny Stocks To Watch Before Friday
This week we’ve seen a crazy mix of health concerns and economic uncertainty push the market all over the place. However, following the initial drop, the market has started to recover. Lack of volatility can make investors look for places where there is more wild swings in price. One of these places is penny stocks. These low-priced shares can pop 50% or more within a matter of hours. That pop can also go in the opposite direction.
So it’s very important that you have a plan in place before you decide to buy penny stocks. Most investors will suggest having proper stop-losses in place in case volatility picks up. With stops in place, it can protect your position in the event there is a random sell-off in a given stock.
It’s also important to understand why a penny stock may be moving the way it is. Do your research and track things like news and filings. Also, if you’re new to trading penny stocks, it’s also not a bad idea to check out some of our beginner articles on penny stocks. With this in mind, now it’s time to figure out which penny stocks are ones to buy or which are penny stocks to sell before the end of the week.