Technical Penny Stock Of The Day

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Penny Stock of the Day Key Metrics:
Last Updated: August 10, 2022
Penny Stock of the Day 30 Day Average Return
(36.70%)
Top 3 Penny Stock Gainers During Coverage Period:
Invitae Corporation
Rose 359.18% From August 02, 2022
fuboTV Inc.
Rose 50.75% From August 03, 2022
Alpha Lithium Corporation
Rose 45.07% From July 22, 2022
% Of Companies That Have:
• Risen In Value Next Trading Day:
35.0%
• Traded Higher Than Pick Price After 7 Days:
80.0%
• Traded Higher Than Pick Price After 30 Days:
90.0%
After a multi-year bull rally, biotech has suffered for the last year, as evidenced by Spider S&P Biotech ETF ($XBI) slumping from a high of $136.61 in September 2021 to a low of $61.78 last month. On June 14, XBI made a double bottom, hitting $62.13 before rallying 14% last week.
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Stock Facts:
Feature Date June 27, 2022
BullishInvestor Rating Bullish
Symbol
Exchange
Price
$ / % Change
Previous Close
Day Range
Volume
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About Penny Stock Of The Day Trade Ideas:

Adopted in 1999, the Penny Stock of the Day continues to be the feature of choice for thousands of technical traders each day for its uncanny ability to predict trend and momentum changes. 30-day averages range anywhere from 6% in severely declining markets to 25%+ in advancing markets. Criteria evaluated for each trade idea include technical indicators, technical patterns, support and resistance levels, candle stick analysis, trend and moving average analysis and others. Each penny stock trade idea outlines a recommended entry level, price target and stop loss level. This feature is best suited for investors with some technical analysis experience and knowledge. A new trade idea is added every business day (excluding holidays) around 8pm ET.

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AllPennyStocks.com / BullishInvestor.com is not liable for any losses or damages, monetary or otherwise that results from buying or selling on the information found in this website or its e-mails. We do not make any recommendations to buy or sell any security. The Buy, Sell and Hold ratings given for each Company are automatically generated via the BullishInvestor.com proprietary technical analysis algorithms and other proprietary systems. BullishInvestor.com does not evaluate the accuracy of the said ratings systems and has no influence on the outcome and particular rating of each stock. Investors are encouraged to do their own due diligence and use the BullishInvestor.com's rating system as educational and NOT as financial advice.

The only thing we recommend is consulting a financial consultant before you make any trade.

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