Over the last month, markets have been quiet – too quiet.
Since April 1, the S&P 500 has not moved more than 1% in every trading session.
Meanwhile, the CBOE volatility index has fallen over 30% since March 25, indicating that stocks are moving very little in day-to-day trading.
The last time volatility fell this much was in October 2018 – right before stocks tanked and volatility went through the roof.
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Right now, there are more than 2,800 penny stocks are trading on the Nasdaq and NYSE.
For any investor, no matter how experienced, finding the top penny stocks to watch this week is an extremely arduous task.
Fortunately, we've done the work for you.
Now, the following five penny stocks to watch aren't ones that we would recommend buying. They do bear watching since they've all rocketed higher this past month.
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Penny stocks are a great opportunity to chase significant gains for little upfront investment.
However, with over 2,800 stocks trading on the NYSE and Nasdaq for under $5, it's incredibly difficult to identify which penny stocks are going to deliver triple-digit returns.
In order to help Money Morning readers identify the top penny stocks to watch this week, we're looking at last week's top-performing penny stocks.
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