Bank 234% with This Week's Top Penny Stock to Watch

The Dow Jones Industrial Average (DJIA) is up 21% since the beginning of the year. And the S&P 500 is up 32%.

The major indexes haven't shown any signs of slowing down as 2019 comes to a close. And this is great news for this week's top penny stock to watch.

Last week, the DJIA rose over 100 points in a single day, while technology companies like Microsoft Corp. (NASDAQ: MSFT) and Alphabet Inc. (NASDAQ: GOOG) have soared to all-time highs.

This broader market surge is lifting our top penny stock pick more than 234%.

Penny stocks can skyrocket more frequently than higher-priced equities. Their low price means movement of a few cents means a large percentage change. A reviving sector, a new product launch, or even rising markets can prompt that motion.

We find the best penny stocks using the Money Morning Stock VQScore™ system.

The proprietary algorithm reviews the financials and forecasts the earnings growth of thousands of stocks. Then it shows us the stocks with the most earnings potential on the way.

Out of those stocks, we pick the ones trading under $5 to get our best penny stocks of the week.

This 234% gainer received the highest-possible VQScore.

The Week's Top Penny Stock to Watch

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Antero Development Corp. (NYSE: AR) is based in Delaware and Colorado and engages in hydrocarbon exploration.

It focuses primarily on the discovery and sourcing of North American natural gas and oil reserves.

All of its reserves are in the Appalachian basin. In other words, the company is focused on raising the production of fossil fuels in America.

The U.S. Energy Information Administration recently forecast that oil production in America will climb by almost 1.5 million barrels daily in the next 12 months.

A rise like this will push the U.S. production of oil to new highs. Secondly, it will cause the United States to become the global leader in oil production, ahead of Russia and Saudi Arabia.

Antero is positioned to benefit from both the rising worldwide demand for oil and the increasing market share of U.S.-based production.

These two factors underlie the target price analysts have placed on AR shares: $7 over the next year. That's a skyrocketing 211% advance from the current $2.09 level.

These 3 Stocks Could Bankroll Your Early Retirement: It may sound too good to be true, but trust us, these three stocks are tapped into the biggest "gold rush" since, well, the gold rush. If they take off, you could be set for life. Read more here...

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