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3 Hot Penny Stocks For This Week's Small-Caps Watchlist

3 Hot Penny Stocks For This Week's Small-Caps Watchlist
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4 High-Volume Penny Stocks For Your March Watch List | FinancialContent Business Page

Novan Inc. (NASDAQ: NOVN)Â Obalon Therapeutics Inc.
One of the biggest gainers during the second week of March is Obalon Therapeutics. On Tuesday, shares of OBLN skyrocketed. While no news came out on Tuesday to spark this gain, we saw several similar biotech penny stocks jump during the day. Obalon is a producer of medical devices that help treat obesity in the U.S. While it does have operations worldwide, its primary market is in America. Only a month or so ago, the company announced a merger with the weight loss solutions company, ReShape Lifesciences Inc. Upon the announcement, shares of OBLN skyrocketed by over 500%.Â ....

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Biotech and Energy Penny Stocks Continue to Lead in GainsÂ
As January comes to a close, we continue to see high momentum among many of the hottest penny stocks today. With the political turmoil in the U.S. seemingly coming to an end and vaccines being distributed, more bullish sentiment has come to light.
There are a few strategies when it comes to finding penny stocks for your watch list. One of these ways is following current market trends. Identifying hot sectors or industry trends can help when you want to find where the momentum is. We saw this exact scenario when countless electric vehicle stocks took off over the last few months. We also saw a surge in things like tech stocks. Right now, we see a lot of bullish trading in both biotech and energy penny stocks. ....

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