As we head into another trading day, here are some of the top stocks under $10 to keep a close eye on. These picks have been showing notable activity and potential for significant moves. Let’s dive right into the action.

1. Power Nickel (TSXV: PNPN | OTC: PNPNF)

First up is Power Nickel, a mining stock that has been gaining momentum in the past two trading sessions. For those unfamiliar, mining stocks can offer some of the biggest rewards in the market, albeit with risks per usual with stocks.

💥Power Nickel stands out because it recently announced a 50% expansion of its Lion Zone, which could mean more opportunities for major discoveries. The CEO has been actively engaging on social media and remains transparent with shareholders, which is a great sign of leadership commitment.

From a technical perspective, the stock shows strong potential for upside movement, making it a must-watch for investors looking for promising opportunities in the mining sector.

2. CN Energy Group (NASDAQ: CNEY)

CN Energy Group caught our attention today, trading over 300 million shares and closing up an impressive 366%. It’s not every day you see that kind of volume and price action. We’ll be watching to see if Power Nickel can follow in similar footsteps. For CNEY, keep an eye on a potential breakout over the $1.50 level tomorrow. If it moves past this mark, it could trigger a higher move and present a lucrative opportunity for investors.

3. FTC Solar (NASDAQ: FTCI)

FTC Solar is another energy name on our radar, closing up 100% today. The key level to watch tomorrow is the 50-cent mark. The stock broke out over that level today but seemed to run out of steam. If we see a pullback, the 32-cent mark could be a potential dip-buy opportunity. Keep a close watch on this one, as it could present a compelling entry point.

4. Mullen Automotive (NASDAQ: MULN)

Mullen Automotive has been on a downward spiral, largely due to continuous reverse splits that have hurt shareholder value. However, the stock closed up 24% today, suggesting that the selling pressure may be easing. If the company is indeed done selling stock, we might see a rally from here. The key level to watch is 25 cents; if it holds, there could be a significant rally ahead.

5. The Children’s Place (NASDAQ: PLTR)

Finally, let’s turn our attention to The Children’s Place. I’ve been short on this stock since $12, and it dropped to $5, a move I was very public about. Recently, it rallied 85%, but fundamentally, nothing has changed. Right now, it’s in short squeeze mode, but if the stock gets overly aggressive again, it could be an attractive short opportunity.

Wrapping Up

These stocks have the potential to make significant moves tomorrow, and keeping them on your watchlist could yield some interesting opportunities. As always, manage your risk, do your research, and stay tuned for the market’s next big moves. Happy trading!

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The information provided in this article on Lusso’s News LLC is for informational and educational purposes only and should not be construed as financial or investment advice. Lusso’s News LLC is not a registered investment advisor or broker-dealer, and none of the content on this website is intended to be a recommendation or offer to buy or sell any securities.

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Investing in stocks involves significant risks, including the potential loss of all invested capital. We encourage you to conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not guarantee the completeness, accuracy, or reliability of the information provided, and we will not be held responsible for any errors or omissions in the content. By using this website and its content, you agree to hold Lusso’s News LLC and its affiliates harmless and free from any liability arising from your use of the information provided.

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As the market continues to evolve, traders are always on the lookout for promising momentum stocks trading under $10. These stocks have the potential for significant upside, especially for those who can spot the right opportunities. Here are the top three momentum stocks to watch right now:

1. Above Food Corp. (NASDAQ: $ABVE)

Overview: Above Food Corp. has recently made its debut on the NASDAQ, emerging from its de-SPAC transaction with Bite Acquisition Corp. Although the stock has seen significant volatility, dropping from $7 to its current level of $2.41, it recently experienced a 24% rally. This price action highlights the stock’s potential for a breakout, especially if it can clear the $2.50 resistance level.

Why $ABVE is Worth Watching:

• Explosive Growth: The company’s revenue growth from $149 million in FY22 to $293 million in FY23 demonstrates strong momentum.
• Regenerative Agriculture: Above Food’s commitment to sustainable and regenerative farming practices sets it apart in the industry.
• Vertical Integration: By controlling every step of their supply chain, Above Food ensures high-quality and traceable products, which is increasingly valued in the market.

Potential Breakout:

• Key Level: Watch for a breakout above the $2.50 level, which could signal a significant upward move.

2. Koss Corporation (NASDAQ: $KOSS)

Overview: Koss Corporation, known for its iconic headphones, became a meme stock favorite during the roaring Reddit-fueled trading frenzy led by “Roaring Kitty.” The stock recently surged from $4 to over $18 but has since retraced to $8.31. This low float stock is known for its explosive moves, making it a prime candidate for momentum traders.

Why $KOSS is Worth Watching:

• Meme Stock Status: Koss has a history of sharp, sudden price movements driven by retail investor interest.
• Low Float: The low float nature of the stock means it can move quickly with relatively low trading volume.
• Potential Bounce: After retracing to $8.31, $KOSS is at a level where it could see an intraday bounce, presenting a trading opportunity.

Potential Trade:

• Key Level: Keep an eye on $KOSS for an intraday bounce from its current levels. Monitoring volume and price action closely will be crucial.

3. Chewy Inc. (NYSE: $CHWY)

Overview: While slightly above the $10 mark, Chewy Inc. ($CHWY) is a stock worth watching as it attempts to break out of a multi-day range around $25.50. Chewy, an online pet supply retailer, has been a favorite among growth investors due to its strong customer loyalty and innovative service offerings.

Why $CHWY is Worth Watching:

• Strong Q2 Performance: Recent earnings reports have exceeded market expectations, highlighting strong revenue growth and customer retention.
• Expansion Initiatives: Chewy’s new services, including telehealth for pets and international market expansion, provide additional growth catalysts.
• Technical Setup: The stock is currently testing a key resistance level, and a breakout could lead to substantial gains.

Potential Breakout:

• Key Level: Watch for a breakout above the $25.50 mark, which could lead to a strong upward trend.

Final Take

These three stocks—Above Food Corp. ($ABVE), Koss Corporation ($KOSS), and Chewy Inc. ($CHWY)—present intriguing opportunities for momentum traders. Each has unique catalysts and technical setups that make them worth watching closely. Remember, while momentum stocks can offer significant gains, they also come with increased risk. Always perform your due diligence and consider consulting with a financial advisor before making any investment decisions.

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We the publisher (WE) offers no guarantees and provides forward looking statements with intentions and sole purpose to satisfy the reader/viewer by offering only personal enjoyment and personal entertainment. If at any time a Security is purchased that is discussed at WE on a written article, post, newsletter or comment, you agree to hold WE liability free and harmless. There are no guarantees in participating in Financial Markets and full investment can be fully lost at any time. WE never guarantees and never offers recommendations. The company will not be responsible for any loss or damage that occurs. Anyone at WE may be buying or selling any stock mentioned at any given time.
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any WE Service and product offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WE recommend you consult a licensed or registered professional before making any investment decision as you could lose your full investment at any given time as this is not a “risk free” industry. If you do agree to this, then please exit our website now.

WE are NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Both, WE nor any of its owners or employees are registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. We do NOT give out advice, this is intended to be ONLY a publication for information and education.

Compensation and Advertising Revenue: The Owners and Operators of this publication have been compensated $100,000 for marketing services on behalf of Above Food Corp [NASDAQ: ABVE]. This compensation covers the period from February 9, 2024, to May 9, 2024. In the interest of full transparency, the publisher may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.
Investor Due Diligence: Investors and readers are strongly advised to scrutinize this information meticulously and to conduct their own comprehensive due diligence before making any investment decisions. This advertisement and related marketing efforts aim to elevate investor and market awareness, potentially resulting in increased shareholder numbers and trading activities for ABVE securities.

Market Impact and Risks: Understand that any increases in trading volume or share price due to this advertisement and marketing efforts may be temporary, with potential declines post-advertising period. While the publisher endeavors to provide accurate and unbiased information, readers are urged to verify details independently and seek professional financial counsel before making decisions regarding the mentioned securities.
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Publisher’s Activities: The publisher retains the right to engage in buying or selling securities at any time, which may or may not be disclosed at the time of publication.
Forward-Looking Statements: This publication may contain forward-looking statements about expected market performance and financial outcomes. These statements are subject to risks and uncertainties that could cause actual results to differ significantly from those expressed or implied.

No Endorsement: The mention of ABVE or any other securities within this publication does not constitute an endorsement or recommendation by the publisher or its affiliates. The publisher disclaims any responsibility for investment decisions made by readers based on the provided information.

Solicitation and Recommendation: The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities should always do so only with the assistance of his legal, tax, and investment advisors.

Investor Resources: Investors should review any information concerning a potential investment at the websites of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov; the Financial Industry Regulatory Authority (the “FINRA”) at www.finra.org, relevant State Securities Administrator websites, and the OTC Markets website at www.otcmarkets.com. The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.htm, as well as related information published by FINRA on how to invest carefully.

Verification of Information: Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.
By reading this disclaimer, you acknowledge and accept the terms and conditions outlined herein. Make informed decisions and proceed with due diligence.

Above Food [NASDAQ: ABVE]

Above Food recently started trading on the NASDAQ last Monday, and its price has plummeted from $7 to $2.30. Despite this initial drop, the company demonstrates significant year-over-year growth, with FY 2021 revenue at $113 million and FY 2023 at $293 million. Above Food’s significant operating leverage allows for margin expansion, with core assets capable of driving $650 million in revenue with only maintenance Capex.

A pioneer in regenerative farming techniques, Above Food is a high-growth business with global distribution. Owning manufacturing capabilities for consumer products bolsters their private label business. Their “seed to fork” platform presents substantial barriers to entry, enabling greater control over margins and the supply chain. For investors looking at sustainable growth and innovative agricultural practices, Above Food is a stock worth watching.

Virpax Pharmaceuticals [NASDAQ: VRPX]

Virpax Pharmaceuticals surged 92% yesterday on strong volume, closing just below the 50-day simple moving average (SMA), which could act as resistance today. With a float of only around 3 million shares, the stock saw an impressive 161 million shares traded yesterday. This surge was driven by the company’s announcement of securing a $2.5 million loan financing and an agreement with an institutional investor to negotiate additional funding.

Given the low float and recent financing news, Virpax Pharmaceuticals could be poised for further volatility. Investors should watch for potential breakouts or pullbacks as it tests resistance levels.

Ocean Power Technologies [NASDAQ: OPTT]

Ocean Power Technologies (OPTT) saw a 10% increase yesterday, climbing from around 13 cents to over 55 cents. The recent pullback has been on low volume, which is a positive sign, and the rising short interest percentage could spark a potential short squeeze.

The company’s recent announcement of a reseller agreement with Survey Equipment Services for the USA and a partnership with Unique Group for autonomous vehicle services in the Middle East has driven the stock’s momentum. Investors should keep an eye on Ocean Power Technologies for further developments and potential short squeeze opportunities.

Bottom Line

These three stocks—Above Food, Virpax Pharmaceuticals, and Ocean Power Technologies—each present unique opportunities and risks. Above Food’s innovative approach to agriculture and significant growth make it a compelling pick. Virpax Pharmaceuticals’ recent financing news and low float could lead to further volatility. Ocean Power Technologies’ strategic partnerships and rising short interest make it a stock to watch closely for potential squeezes. As always, conduct thorough research and consider your risk tolerance before investing.

Like Above Food [NASDAQ:ABVE]? Check Out Above Food [NASDAQ: ABVE] – Stocks To Watch 2024.

DISCLAIMER

We the publisher (WE) offers no guarantees and provides forward looking statements with intentions and sole purpose to satisfy the reader/viewer by offering only personal enjoyment and personal entertainment. If at any time a Security is purchased that is discussed at WE on a written article, post, newsletter or comment, you agree to hold WE liability free and harmless. There are no guarantees in participating in Financial Markets and full investment can be fully lost at any time. WE never guarantees and never offers recommendations. The company will not be responsible for any loss or damage that occurs. Anyone at WE may be buying or selling any stock mentioned at any given time.
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any WE Service and product offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WE recommend you consult a licensed or registered professional before making any investment decision as you could lose your full investment at any given time as this is not a “risk free” industry. If you do agree to this, then please exit our website now.

WE are NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Both, WE nor any of its owners or employees are registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. We do NOT give out advice, this is intended to be ONLY a publication for information and education.

Compensation and Advertising Revenue: The Owners and Operators of this publication have been compensated $100,000 for marketing services on behalf of Above Food Corp [NASDAQ: ABVE]. This compensation covers the period from February 9, 2024, to May 9, 2024. In the interest of full transparency, the publisher may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.
Investor Due Diligence: Investors and readers are strongly advised to scrutinize this information meticulously and to conduct their own comprehensive due diligence before making any investment decisions. This advertisement and related marketing efforts aim to elevate investor and market awareness, potentially resulting in increased shareholder numbers and trading activities for ABVE securities.

Market Impact and Risks: Understand that any increases in trading volume or share price due to this advertisement and marketing efforts may be temporary, with potential declines post-advertising period. While the publisher endeavors to provide accurate and unbiased information, readers are urged to verify details independently and seek professional financial counsel before making decisions regarding the mentioned securities.
Investment Risks and Professional Advice: Investing involves inherent risks, including potential loss of principal. Historical performance does not guarantee future results. Consulting with a qualified financial advisor is strongly recommended before making any investment decisions.

Publisher’s Activities: The publisher retains the right to engage in buying or selling securities at any time, which may or may not be disclosed at the time of publication.
Forward-Looking Statements: This publication may contain forward-looking statements about expected market performance and financial outcomes. These statements are subject to risks and uncertainties that could cause actual results to differ significantly from those expressed or implied.

No Endorsement: The mention of ABVE or any other securities within this publication does not constitute an endorsement or recommendation by the publisher or its affiliates. The publisher disclaims any responsibility for investment decisions made by readers based on the provided information.

Solicitation and Recommendation: The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities should always do so only with the assistance of his legal, tax, and investment advisors.

Investor Resources: Investors should review any information concerning a potential investment at the websites of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov; the Financial Industry Regulatory Authority (the “FINRA”) at www.finra.org, relevant State Securities Administrator websites, and the OTC Markets website at www.otcmarkets.com. The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.htm, as well as related information published by FINRA on how to invest carefully.

Verification of Information: Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.
By reading this disclaimer, you acknowledge and accept the terms and conditions outlined herein. Make informed decisions and proceed with due diligence.