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.
|CTI Industries Corp.
|Cellect Biotechnology Ltd. (NASDAQ: APOP)||$4.09||85.91%|
|Sophiris Bio Inc.
|Energy Focus Inc.
|Pacific Coast Oil Trust
|Outlook Therapeutics Inc.
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%…