Axovant Sciences Ltd. (Nasdaq: AXON) just topped our list of the 10 top penny stocks to watch this week thanks to its 150% gain. Fortunately, we've discovered a way to find stocks with even bigger profit potential…
Last Thursday (June 7), shares of Axovant jumped 44% on news that the company will license its experimental treatment for Parkinson's disease.
Axovant finished the week at $4.81, a gain of 150% on Monday's share price. Axovant's gain shows how even small, little-known companies can surge higher thanks to catalysts like regulatory approvals.
Knowing how to find these stocks can be extremely lucrative.
But it's unlikely that Axovant and our other penny stocks to watch this week will continue to generate these kinds of returns. Take a look at our top penny stocks to watch, and then we'll tell you about our secret formula for finding these breakout stocks…
Here are this week's top-performing penny stocks:
|Penny Stock||Current Share Price||Last Week's Gain|
|Axovant Sciences Ltd.(Nasdaq: AXON)||$4.87||150.00%|
|American Electric Technologies Inc. (Nasdaq: AETI)||$1.56||102.70%|
|EDAP TMS SA (Nasdaq: EDAP)||$3.44||58.59%|
|Conn's Inc. (Nasdaq: CONN)||$2.01||51.99%|
|Versartis Inc. (Nasdaq: VSAR)||$2.15||48.28%|
|Onconova Therapeutics Inc. (Nasdaq: ONTX)||$0.54||47.92%|
|Ameri Holdings Inc. (Nasdaq: AMRH)||$1.21||44.73%|
|Westwater Resources Inc. (Nasdaq: WWR)||$0.58||36.76%|
|Top Ships Inc. (Nasdaq: TOPS)||$1.04||35.44%|
|Rexahn Pharmaceuticals Inc. (NYSE: RNN)||$2.11||30.59%|
While the gains of last week's top penny stocks are exciting, it's important to note that these kinds of returns are not guaranteed.
You see, because there's often limited financial information, successful penny stocks can be hard to identify.
When looking for the next big winners, most investors turn to the "Google-Search Method" of stock picking.
They'll spend endless hours doing Google search after Google search – compiling a list of potential candidates.
The problem with this method is most of the information comes from journalists reporting the news, not bona fide market analysts giving you expert research.
So you end up with a list of companies getting the most coverage but not the best investments.
However, our top stock-picking expert is able to avoid this problem thanks to a secret method that allows him to uncover the next stock that's about to have a profitable breakthrough.
At the time of writing, this man has identified over 217 double- and triple-digit peak-gain winners since he began keeping track in August 2011.
This record is 100% genuine and documented.
His secret method has nothing to do with options, reinvested dividends, annuities, certificates, bonds, futures, or any of that baloney.
If you're one of those people who got burned buying stocks in the past… or lost some money on stocks… or just doesn't want anything to do with them… then stop now and just ignore this.
But if you want proof that you can make over $100,000 starting with a small amount of money… rolling stocks over and over again… then pay close attention…