Top Stocks to Watch Today: Thursday, June 17

It’s encouraging to see so many top stocks to watch today.

Earlier in the week, I went two days without trading. I didn’t see anything truly great that matched my setups. But recently more big percent gainers are popping up. Watch them all.

You never know which stock will provide YOUR best trading opportunity.

Biotechs are the clear winners on today’s list, but stocks trending on Reddit are also spiking.

Prepare for any potential trades by keeping a watchlist of all the recent runners. You never know when they’ll provide a dip buy opportunity or breakout to new highs.

But trade safe and swing for singles.

The overall markets continue to trade sideways. They could go either way — so watch and react.

Here are the top 10 stocks to watch today…

10:16pm study check, retweet/favorite this if you’re still up studying, making your watchlist for tomorrow or if you used @StocksToTrade to make a trade or papertrade today…every new day is an opportunity to learn so study up, trade carefully & get experience/mastery over time!

— Timothy Sykes (@timothysykes) June 16, 2021

10 Stocks to Watch for Thursday, June 17, 2021

Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.

But there’s always something you can learn.

Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:

  • 13 Stock Chart Patterns You Should Know: A Complete Guide
  • 5 Day Trading Strategies You Need To Know
  • Trading Plan: How to Create One in 2021 (Step by Step)

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.)

The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.

If you want to know which penny stocks I’m watching…

Get the Stocks I’m Watching Delivered to Your Inbox

Need more stocks to watch? Subscribe to my weekly watchlist and I’ll deliver the stocks I’m watching every week right to your inbox.

👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here.

For even more stocks to watch, check out these blog posts that I update weekly:

  • Get my weekly top penny stocks list here.
  • Want to trade a specific sector? Check out my biotech penny stocks watchlist here.

Now, here are 10 top stocks to watch today…

Stocks to Watch Today #1: Canoo Inc. (NASDAQ: GOEV)

GOEV is an electric vehicle (EV) manufacturer.

The stock had a big green day on June 15 after the company released details about its cabin air purifier that kills viruses instantly.

Company CEO Tony Aquila said, “Our air purifying technology is designed to keep cabin interiors odor and germ free. Built for families, ride hailing and road-trips our UV-light technology instantly kills viruses, improves air quality and provides peace of mind — that we could all use right now.”

Read the full press release here.

The day after the news, the stock went down and volume was lower. Traders can watch for a panic dip-buy opportunity.

Stocks to Watch Today #2: Alfi, Inc. (NASDAQ: ALF)

Alfi, Inc. is a tech company that provides machine learning and artificial intelligence software solutions.

On June 15 the company announced a contract with a fulfillment and distribution center to send 10,000 digital tablets to Uber and Lyft drivers.

ALF project manager Florentino Diaz said, “We have a massive operation unfolding in Miami today with hundreds of Ubers and Lyfts installing Alfi tablets. It’s an epic event and marks the start of our nationwide rollout. What’s most rewarding, is we can help rideshare drivers increase their income and help create employment opportunities with community outreach programs for students.”

Read the full press release here.

The stock broke out to new all-time highs following the news. It has a low float of fewer than five million shares, so it’s volatile. But it already had two big green days and could be getting overextended.

Traders can watch for a dip-buy opportunity into a big panic.

Stocks to Watch Today #3: Prometheus Biosciences, Inc. (NASDAQ: RXDX)

RXDX is in the hot biotech sector. The company develops products to potentially treat and diagnose inflammatory bowel diseases.

There’s no recent news on the company but the stock had two big green days on June 14 and 15. It’s a recent IPO so there’s not much resistance on the chart.

A breakout over $30.62 would be new all-time highs for the stock.

Stocks to Watch Today #4: Lightwave Logic, Inc. (OTCQX: LWLG)

LWLG develops photonic devices and materials for fiber-optic communications.

On June 16 it announced test results for its new modulators. The modulators “exceeded bandwidth design targets and achieved triple the data rate as compared to competing devices in use today.”

Read the full press release here.

The stock has been trading high volume since the end of May. It’s in a strong uptrend. But I wouldn’t chase it. Traders can watch for a dip-buy opportunity into a big panic.

Stocks to Watch Today #5: Torchlight Energy Resources, Inc. (NASDAQ: TRCH)

TRCH is an oil and gas company.

The stock ran on June 15 and 16 after the company announced a one-for-one stock dividend as part of its upcoming merger.

Prior to the news, TRCH was a Reddit penny stock favorite. But the recent news brought in even more volume. The stock left penny stock territory and now trades as high as $6.75.

That was the stock’s all-time high, and it couldn’t break out. This is another one I wouldn’t chase. Traders can watch for a panic dip-buy opportunity.

Stocks to Watch Today #6: Altimmune, Inc. (NASDAQ: ALT)

ALT is a biotech company that focuses on developing potential liver disease treatments and intranasal vaccines.

But this week it spiked on other drug news … The stock was up as high as 35% on June 16 after it announced positive interim data from its Phase 1 trial. The trial tested the company’s potential weight loss drug in overweight and obese volunteers.

“The interim data showed a mean weight loss of 5.4% was achieved by Week 6 with a once weekly ALT-801 dose of 1.8 mg administered subcutaneously (sc) compared to a weight gain of 0.9% in the placebo group (net change from placebo of 6.3%, p < .0001), surpassing the pre-established treatment target of 2% weight loss.”

Read the full press release here.

The stock’s a former multi-day runner. Traders can watch for more potential upside or a dip-buy opportunity.

Stocks to Watch Today #7: BriaCell Therapeutics Corp. (NASDAQ: BCTX)

BCTX is another biotech company. It focuses on developing potential treatments for breast cancer.

But on June 16 the company announced it will expand its target therapies into prostate, skin, and lung cancers.

Read the full press release here.

The stock gapped up following the news and climbed roughly 20%. But it rejected at resistance around $7.50. If it breaks out over resistance it could test the recent high of $9.

Stocks to Watch Today #8: Aprea Therapeutics, Inc. (NASDAQ: APRE)

Yep, APRE’s another biotech company. When a sector’s hot, it’s HOT…

On June 16, APRE announced its Phase 1/2 trial of its potential leukemia treatment met its primary endpoints.

The stock had a massive gap up and traded huge volume following the news. But the stock faded throughout the day. Traders can watch for a potential morning panic dip-buy opportunity.

Stocks to Watch Today #9: Maxar Technologies Inc. (NYSE: MAXR)

MAXR is a tech company that offers Earth-imaging products and space-based robotics and infrastructure.

Yesterday the stock was up on high volume after Goldman Sachs initiated coverage on the company with a buy rating and a $52 price target.

Traders can watch for the stock to break above yesterday’s high of $41.84.

Stocks to Watch Today #10: The GEO Group, Inc. (NYSE: GEO)

GEO is a real estate investment trust (REIT).

It’s a stock targeted by Reddit traders as a potential short squeeze. And it returns to the watchlist from last week.

After the stock’s big move on June 9, the stock tanked and volume faded. But on June 16, it bounced off the $6.60 area and made a high of $7.65. Traders can watch for a panic dip-buy opportunity.

How I Find Stocks to Trade

There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.

Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price..**

STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.

penny stock checklist

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.

Try a 14-day trial of StocksToTrade with Breaking News Chat for only $17!

Frequently Asked Questions About Stocks to Watch Today

What Are the Best Stocks to Trade as a Beginner?

My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.

Can You Get Rich Trading Stocks?

Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.

How Much Money Do You Need To Start Trading Stocks?

Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.

Is Trading Stocks Risky?

All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.

Conclusion About Top Stocks to Watch Today

Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.

I want you to become self-sufficient.

I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.

If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you!

**Tim Sykes has a minority ownership stake in StockstoTrade.com.

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