published on September 30, 2022
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Technology Penny Stocks
Technology penny stocks are risky stocks to trade as penny stocks are risky in nature and tech stocks tend to go up and down much faster than stocks from other industries.
Top 10 Tech Penny Stocks to Watch
Following are the top 10 tech penny stocks to watch today.
- O2Micro International Limited (ADR) (NASDAQ:OIIM)
- Cango Inc ADR (NYSE:CANG)
- interCLICK Inc (NASDAQ:ICLK)
- Cyren Ltd (NASDAQ:CYRN)
- Flexshopper Inc (NASDAQ:FPAY)
- Innodata Isogen, Inc (NASDAQ:INOD)
- PCTEL, Inc (NASDAQ:PCTI)
- Nanthealth Inc (NASDAQ:NH)
- NetSol Technologies Inc (NASDAQ:NTWK)
- Borqs Technologies Inc (NASDAQ:BRQS)
What Are Tech Penny Stocks
Tech penny stocks are small cap technology companies that are trading on NASDAQ and NYSE. These cheap tech stocks are mostly unknown to the general public and it's for a good reason, they are mostly companies that are struggling to survive.
Are Tech Penny Stocks Worth the Investment?
For the most part, tech penny stocks are not worth the investment for long term investors because most of them may go under or their stock price may not go anywhere.
Stocks like Advanced Micro Devices or AMD are the rare exceptions. At some point, AMD was trading like tech penny stocks, and it made a strong comeback where its stock price rose from under $2 per share to over $90 in less than 4 years.
There are many tech startups every year and most of them fail to gain any traction. For long term investment, large-cap stocks like Amazon, Google, Facebook, Microsoft, and Apple seem to be a better bet. These large cap stocks kept getting more and more expensive, yet their stock price kept going up.
2020 is another great year for technology stocks where many large-cap and medium-cap stocks made big gains despite the COVID-19. In fact, tech companies seem to be the only companies doing well in the Coronavirus crisis.
How to Trade Tech Penny Stocks
Although tech penny stocks are not worth investing in the long term, many of them are great targets for short term trading.
Tech penny stocks can be traded using chart patterns and swing trading strategies to make good profits. By utilizing technical analysis and market psychology, one can make money from trading tech penny stocks.
We have covered many penny stock trading strategies in the following articles, so we will not repeat them here. You can read these articles and learn how to get started in trading tech penny stocks.
How to Trade Penny Stocks
Top Penny Stock Patterns
Support and Resistance for Penny Stock Trading
How to Find Hot Tech Penny Stocks
You can use this page to find a list of tech penny stocks trading under $5. It is updated daily after the market closes.
You can also use our penny stock scanner to find the daily penny stock gainers and losers, many of these stocks are tech stocks. You can set the minimum stock price and volume to filter out unwanted stocks, and only watch the stocks that meet your criteria.
In addition, you can use a technical stock screener to find stocks based on chart patterns and technical indicators.
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Hottest Technology Stocks