The Dow Jones Industrial Average soared past 29,000 today. And that's fantastic news for the 10 top penny stocks to watch this week.
In fact, our best penny stock today could rise 188% over a very short period.
You see, thanks to their low share price, penny stocks can take even higher percentage leaps than the broader markets. For example, take last week's top penny stock, Zion Oil and Gas Inc. (NASDAQ: ZN), which shot up more than 142%:
| Penny Stock | Current Share Price | Last Week's Gain |
| Zion Oil and Gas Inc. (NASDAQ: ZN) | $0.39 | 142.43% |
| Genetic Technologies Ltd.
(NASDAQ: GENE) |
$4.51 | 126.23% |
| CTI Industries Corp.
(NASDAQ: CTIB) |
$1.82 | 123.31% |
| Cellect Biotechnology Ltd. (NASDAQ: APOP) | $4.09 | 85.91% |
| Pulmatrix Inc.
(NASDAQ: PULM) |
$1.52 | 80.74 % |
| Sophiris Bio Inc.
(NASDAQ: SPHS) |
$0.66 | 78.88% |
| Energy Focus Inc.
(NASDAQ: EFOI) |
$0.82 | 77.85% |
| Advaxis Inc.
(NASDAQ: ADXS) |
$1.30 | 68.79% |
| Pacific Coast Oil Trust
(NYSE: ROYT) |
$0.74 | 68.18% |
| Outlook Therapeutics Inc.
(NASDAQ: OTLK) |
$0.88 | 67.67% |
In just one week, Zion stock has jumped 142% on rising tensions between the United States and Iran. Energy stocks can tick higher as Middle East tensions threaten oil supply restrictions and raise prices.
And that's why our top penny stock today is also a leader in this industry. It's a petroleum firm that's perfectly positioned to cash in on upheaval in the Middle East.
It's only trading for $2.34, but it has the potential to jump over 188%...
Top Penny Stock to Buy This Week
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Antero Resources Corp. (NYSE: AR) is a hydrocarbon exploration company based in Delaware and Colorado.
As a hydrocarbon firm, Antero is mainly involved with discovering and sourcing both natural gas and oil reserves in North America.
With the entirety of the company's reserve located in the Appalachian basin, Antero has made a significant bet on increased domestic output of American fossil fuels.
According to a recent report form the U.S. Energy Information Administration, American oil output is expected to rise by nearly 1.5 million barrels a day over the next year.
This jump will not only push American oil production to new levels - it will also make the United States the world's largest oi producer, ahead of Russia and Saudi Arabia.
With Antero heavily invested in domestic oil discovery, the firm is sure to make a killing as global demand for oil continues to grow while the United States is able to take the lion's share of production.
That's why analysts have given the company a high price target of $6.75 - a 188% gain over today price of $2.34.
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