Penny Stocks To Watch For The New Year
Heading into the New Year, penny stocks are red hot, and for good reason. While the broader markets themselves have been relatively flat this week, stocks under $5 a/k/a âpenny stocksâ have offered significant levels of volatility. This is what day traders look for, of course. Now if youâre looking for ways to invest (vs trade), volatility might not be something you strive to find. Needless to say, these cheap stocks are more known for their short-term breakouts than anything else.
This isnât to say that all penny stocks should only be traded. This is also saying that not all penny stocks are bad to invest in. Everyone has their own strategy, obviously. But I feel like this fact needs to be hit home a bit harder in light of recent trends. This âtrendâ Iâm referring to is the lack of followthrough that many of these penny stock breakouts have seen. Take ATIF Holdings (ATIF Stock Report) this week, for instanc