Penny Stocks to Buy - 2016
(LPTH) - Industrial
Healthcare Penny Stocks to Buy - LightPath Technologies (LPTH) is
one of my penny stocks to watch in 2016 because shares are in a nice uptrend and looking good. LPTH makes lenses and
optics that manipulate light. If everything goes right, LPTH could rally from $1.50 to $2.25 in 2016. Penny Stocks
are risky so I would advise only trading this stock right now. If things turn out bad, we could see LPTH hit $1.00.
LightPath Technologies, Inc. is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic
collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs,
develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing
Bio, Inc. (SPHS) - Sophiris Bio, Inc. (SPHS) is
small drug company focused on the treatment of urological diseases. This penny stock, which recently almost hit $4, is a buy below $2.00 per share. SPHS
is a penny stock to watch in 2016 because of the recent price spike and heavy volume. I like to trade biotech penny
stocks because they tend to have huge price swings. SPHS is one of my top penny stocks to buy in 2016 when shares finally
bottom. Track the daily highs and when SPHS breaks two daily highs in a row, buy the break out.
Penn Virginia (PVA) - Penn Virginia (PVA) is my
best penny stock to buy when the price of oil is on the rebound. This $0.50 penny stock can double or triple from here
in 2016 if we see a nice rebound in the price of oil. However, this company can also go bankrupt as well. If you
are looking to invest in a high risk penny stock in 2016, buy PVA.
Also check out the Top Penny Stocks 2016.