Are you looking for the Penny stocks to explode in 2020? Of course, it will be not difficult to find it because this small stock is common. Many sources appear with the complete information including this page. It presents some penny stocks to watch for January 2020 along with other important things. So, you do not need to open other sources and waste time. Meanwhile, finding the stock that you want to trade must do in a fast step. Therefore, this page is suitable for fast finding penny stocks. Let’s go!
Penny Stocks Ready to Explode under $1 and $5
There are two meanings of the penny stocks ready to explode today where it is for small stocks under $1 and $5. Why does it appear in a different style of small stocks? It is because penny stock itself has some criteria so that it is very important to inform on this case. The following are the symbols of the companies holding small stocks under one and five dollars:
1. Superior Energy Services (SPN)
The stocks share below a dollar on the trade on July 16th, 2019 and reported worse-than-expected earning. It occurs aftermarket and now the new support level is under $0.56 with the resistance $0.90. By the way, the stocks increase the volume between July 31 st and August 5th.
2. Workhorse Group (WKHS)
On July 8th, this penny stock ready to explode of Workhorse Group shared the stock price of $2.77. It got an increase on July 31st to $5.225 and results in $25 million in financing. During July, the volume of WKHS is stable and the funding of the agreement increases by 10%.
3. Stigma Labs (SGLB)
The stock price fell over 50% from the premarket on July 30th to 31st. SGLB announced the offering price of 2.875 million shares at $0.80 per share. It shows that many people are still willing to pay for Stigma Labs stock and forced the price to under $1.
4. IZEA Worldwide (IZEA)
On August 1st, IZEA shares the stock price 40% and received 30 times more volume than the90-day average volume. The penny stock getting ready to explode is 20% of the next day and it is flatten out.
5. Valeritas Holding (VLRX)
On July 10th, the stock price stayed on $4.13 where it increased $1.19 from the close the day before. The volume increases 12 times more than the average volume.
6. Encana Corp
It is an oil and gas company with the headquartered in West Canada. The penny stock to explode today had just felt the stock price of $4.78. Even though, it still supports $6.7 million market cap and keeps it. This small stock trading in NYSE struggle for the price in this year. It increased 300% in cash flow and profit margin.
How to find the right Penny stocks to Explode Easily
How to find the right Penny Stocks and Potential Breakout
Okay, we know it one by one from how to get the right penny stocks. Penny stocks include as micro-cap stock between $50 million and $300 million of capitalization of market. It implies you need to research the fundamentals and techniques of the company. You can do it by checking the industry and security financial reports. Besides that, you should check the management quality.
Find it without evidence of spikes due to stock promotion. Meanwhile, how to find the potential breakout stock for you? Well, use technical analysis to identify the stocks that are ready to increase the price. Find the company in a good income, strong volume, and good company growth. Both the volume and the price can make the trading higher.