Top Stocks to Watch Today: Thursday, July 22

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So many big percent gainers and low float stocks to watch today…

Huge news catalysts are creating massive spikes and squeezes. Some of these stocks were penny stocks just a few days ago. Now some have soared to double digits.

And the trading volume in these stocks is insane…

It can be tempting to chase these huge moves and get a piece of the action.

But part of being a disciplined trader is resisting FOMO. You must wait for your best trades to come to you.

Patience can pay off and offer you better risk/reward on your trades. And that’s important if you want to trade these volatile stocks…

Because they can turn on you FAST.

Just ask the over-aggressive short-sellers who are getting decimated by the short squeezes on my list of the top 7 stocks to watch today…

7 Stocks to Watch for Thursday, July 22, 2021

Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.

But there’s always something you can learn.

Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.) 

The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.

If you want to know which penny stocks I’m watching…

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For even more stocks to watch, check out these blog posts that I update weekly:

Now, here are 7 top stocks to watch today…

Stocks to Watch Today #1: EVgo, Inc. (NASDAQ: EVGO)

EVGO owns and operates electric vehicle (EV) fast-charging stations across the U.S.

On July 15 the company announced General Motors Company (NYSE: GM) named it the preferred charger for its EV fleets.

“Today’s news will help enable a seamless experience as EVgo can provide one stop shopping for fleet customers looking for charging solutions from Level 2 charging at the depot to away-from-base fast charging options.”

Read the full press release here.

The stock had its first green day following the news announcement and has been slowly uptrending since. Traders can watch for a multi-day breakout over $13.

 

Stocks to Watch Today #2: PLx Pharma Inc. (NASDAQ: PLXP)

PLXP develops delivery systems for medications. The stock returns to the watchlist from last week…

It was on watch for a breakout over $17.75. It consolidated for a few days but eventually broke out with a gap up on July 20. And it made new 52-week highs of $20.80. (Past performance is not indicative of future results.)

The stock started its run after the company announced its product — the first and only U.S. FDA-approved liquid-filled aspirin capsules — will be available in over 4,500 Walmart stores across the U.S. on July 12.

The latest gap-up came after the company announced the same product will also be available in over 8,000 Walgreens locations across the U.S. on July 19.

Traders can watch for a potential breakout to new 52-week highs over $20.80.

 

Stocks to Watch Today #3: Lexaria Bioscience Corp. (NASDAQ: LEXX)

LEXX develops drug delivery technologies to improve the ingestion and effectiveness of medications.

On July 21 the company announced positive results from its recent study. The study showed its technology increased the delivery of colchicine, a drug with known SARS-CoV-2 antiviral properties.

Read the full press release here.

The stock soared 70% on high volume after the news. It has a low float of roughly four million shares. I wouldn’t chase it. Traders can watch for a potential dip-buy opportunity into a big panic.

 

Stocks to Watch Today #4: NeuroMetrix, Inc. (NASDAQ: NURO)

NURO develops diagnosis and monitoring products for nerve and spinal cord disorders. It also develops wearable therapeutic devices for chronic conditions.

On July 20 the company announced the FDA granted breakthrough device designation to its Quell device for treating fibromyalgia symptoms in adults.

Read the full press release here.

The stock soared following the news. It was up over 200% on July 20 and 21, going from roughly $4 to $38.67 in two days. It’s another low float stock with fewer than five million shares. I’ll watch for a potential dip-buy into any big panic.

 

Stocks to Watch Today #5: Sight Sciences, Inc. (NASDAQ: SGHT)

Sight Sciences, Inc. is a recent IPO. It’s a medical device company that develops technologies to treat eye diseases.

On July 19 the company announced “the closing of its initial public offering of 11,500,000 shares of common stock including the exercise in full of the underwriters’ option to purchase 1,500,000 additional shares of common stock, at the initial public offering price of $24.00 per share.

“The total gross proceeds to Sight Sciences, before deducting underwriting discounts and commissions and offering expenses, were approximately $276 million.”

Read the full press release here.

The stock’s trading in a range between $27 and $37. Traders can watch for a breakout to new all-time highs over $37.13.

 

Stocks to Watch Today #6: LSB Industries, Inc. (NYSE: LXU)

LXU produces and sells chemicals like nitrogen and ammonia-based fertilizers.

On July 20 the company announced an exchange of series E and F preferred stock for common stock and a special dividend for existing shareholders.

President and CEO Mark Behrman said, “The Special Committee, the Board of Directors and management believe that the exchange of our outstanding Series E-1 and F-1 preferred stock for LSB common stock relieves the Company and our common stockholders from the expensive, compounding burden of the payment-in-kind dividend this preferred stock carries.”

Read the full press release here.

The stock went from $5 to new 52-week highs of $7.94 after the announcement. Traders can watch for a potential breakout over $8.

 

Stocks to Watch Today #7: Chembio Diagnostics, Inc. (NASDAQ: CEMI)

CEMI develops and sells diagnostic tests.

In after-hours on July 20, the company announced it received a $28.3 million purchase order for its DPP SARS-CoV-2 Antigen test.

The stock soared over 220% on July 21. It gapped up from $2.06 to open at $4.01, then it continued to climb to a high of $6.95 on over 330 million shares of volume.

It’s another one I’ll watch for a dip-buy opportunity into any big panic.

 

How I Find Stocks to Trade

There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.

Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price..**

STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.

penny stock checklist

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.

Try a 14-day trial of StocksToTrade with Breaking News Chat for only $17! 

Frequently Asked Questions About Stocks to Watch Today

What Are the Best Stocks to Trade as a Beginner?

My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.

Can You Get Rich Trading Stocks?

Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.

How Much Money Do You Need To Start Trading Stocks?

Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.

Is Trading Stocks Risky?

All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.

Conclusion About Top Stocks to Watch Today

Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.

I want you to become self-sufficient.

I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.

If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you!

**Tim Sykes has a minority ownership stake in StockstoTrade.com.

*Tim Sykes’ trading results are not typical and do not reflect the experience of the majority of individuals using the services and products offered on this website.  From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit.

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