High Volume Penny Stocks - find a list of penny stocks with trading volume over 1 million and a percentage gain of at least 5 percent. These penny stocks spike in volume today and are worth watching for swing trading or day trading.
High volume or the most active penny stocks is a list of stocks that are traded with heavy volume today. Usually, there is some kind of news, whether good or bad, that is driving the stock price and actions.
When a stock is going up with heavy volume, that is an indication of strength. On the other hand, if a stock is down with abnormal volume, that is an indication to sell a stock.
Should I Trade High Volume Penny Stocks?
In fact, high volume penny stocks are the only ones that are worth trading. Penny stocks are risky in nature, and low volume penny stocks take the risk to a new level.
Low volume penny stocks are easily manipulated by a single big player who can drive the stock up and down with the pump and dump scheme.
In addition, when a trader buys a stock with low volume, sometimes it is hard for him to find a buyer when he wants to sell. In that case, he is forced to sell at a lower price or not sell at all.
In any trading system, the volume indicator is the most important technical indicator that one should use. No matter how powerful your technical indicator or chart pattern looks like, without the support of volume, it may not work so well.
You can read the following articles on how to swing trade penny stocks for a profit.
How to Swing Trade Penny StocksBest Chart Patterns
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