There are a lot of ways to discover the hot penny stocks in the stock market during and after the trading day. An investor can sign up for a hot penny stocks newsletter as one way to find out about new penny stocks that are hot for the time being.
An investor can check out the price percentage point gainers list on Yahoo Finance for the top gainers on the NASDAQ, AMEX, NYSE for the hot stocks in the market during a single trading day. Other investors may choose to use a stock screener to generate a list of stocks based on various criteria including market cap, beta, share price, profit, revenue, price to earnings (PE), price to sales (PS) and other criteria that an investor may enter. Investors can then use the stock list generated as a list of stocks to research and discover which of the stocks may be hot right now.
An investor can look at a stock’s chart to see how strong an uptrend has been for a stock to determine if the stock will continue to be one of the hot penny stocks out there. An investor can look at a stock’s ADX to determine how strong a trend is. Individual stocks also have to be timed correctly if an investor is looking for a trade in a hot stock. Investors should analyze a stocks chart and complete technical analysis.
A hot stock may also be hot partially due to the industry that it participates in. Industries can get hot and the rising tide in the industry can move up several of the stocks participating in that industry. Investors can find the hot industries out there on MorningStar over a certain period of time. It is a great tool to find the hot industries out there to find the hot penny stocks.
For stock alerts on hot penny stocks, an investor can find a hot penny stocks newsletter that tracks penny stocks that may be in play at certain times during the trading week. There are several types of market capitalization that a company and stock could have including large cap, small cap, nano cap stocks. The market cap indicates the share of the market that company holds.
Investors should not invest in stocks, unless they can afford to lose their entire investment. Investors should become financially literate by learning to read a balance sheet, income statement, cash flow statement and other financials. It is important for an investors financial growth to read as many books on the topic as possible. Keep learning as much as possible about the stock market and technical analysis as well and fundamental analysis. Keep track of the hot penny stocks out there in the stock market each trading day and develop a feel of why stocks move and for what reasons during the trading day. Stay on top of the daily news out of the major television networks and pay attention to changes in the world and overall market.