4 Top Swing Penny Stocks To Buy This Week!

Hey all! New week, new Watch List (WL) of bullish penny stocks that are on my radar for swing positions. I want to reiterate that I am not saying to buy/sell any of these stocks, but sharing possible bullish setups leading up to catalysts/news.

"A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. - Investopedia."

See last week's Labor Day Recap here.

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1. KITOV PHARMA LT/S ADR ($KTOV)

Kitov Pharma. is one to have on your WL, with data to be presented today and currently at a fair value.

This one can see some price action tomorrow on news. Could be either downwards or upwards, let's see!

Support zones: 0.73/0.82

PT: 1.00+

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  • 5D 30M Technical Analysis:

Previous reversal off 0.82, stock made a move to 1.00+ (20%+ move).

  • 180D 4H Technical Analysis:

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2. Aurora Cannabis ($ACB) *NOT A PENNY STOCK*

Aurora Cannabis Inc. is expected* to report earnings on 09/11/2019 after the market closes. The report will be for the fiscal Quarter ending in June 2019. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.02. The reported EPS for the same quarter last year was $0.13. via Nasdaq.

Leading up to earnings this Wednesday, I anticipate a run up to 7.00+ and a major sell-off or run on good news.

  • 5D 30M Technical Analysis Holding a strong uptrend leading up to earnings Wednesday (09/11/19).
  • 180D 4H Technical Analysis

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3. AVEO Pharmaceuticals, Inc. ($AVEO)

News any day has proven history of the volume spike-ability factor I love to look for. One to watch out for this week!

PT 0.80+

  • 5D 30M Technical Analysis
  • 180D 4H Technical Analysis

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4. Lexicon Pharmaceuticals, Inc. ($LXRX)

Lexicon Pharma is looking amazing at these levels. Not only does it have a gap to fill 2.00+ but this company recently had news that caused an over-reaction....in my opinion.

"SNY informed LXRX July 26, 2019 that it plans to terminate its agreement following insufficient efficacy across three Phase 3 trials. Presentation of new data due at EASD of September 2019. Various presentations from September 17-19."

I would trade this one cautiously and watch from the sidelines. Let's see if this attracts big buyers.

  • 5D 30M Technical Analysis
  • 180D 4H Technical Analysis

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DISCLAIMER: Not a financial advisor. Just sharing my opinion on potential price action if volume comes in. Opinions are my own, please do your due diligence. Do this out of passion!

1 comment

  • Like your analytics!!
    SPOT on!!👌

    Kenny

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