Which are the best penny stocks for June 4

Screening Filters

1. Price: $0.50 to $5.00

   • Purpose: Identify true penny stocks.
   • Rationale: Penny stocks are generally defined as low-priced shares, and this range targets stocks that fit that category while avoiding the very lowest-quality names that trade below $0.50 and can be extremely speculative or illiquid.

2. Market Cap: Under $2 Billion

   • Purpose: Focus on smaller companies with penny-stock characteristics.
   • Rationale: Penny stocks are usually associated with small-cap or micro-cap companies. Limiting market cap helps exclude larger, more established firms whose share price may be low for technical reasons rather than because they are speculative.

3. Monthly Average Dollar Volume: At least $500,000

   • Purpose: Ensure sufficient liquidity.
   • Rationale: This filter helps avoid extremely thinly traded stocks that are hard to buy or sell without large bid-ask spreads. For a “best” penny stock screen, liquidity matters because it improves tradability and reduces execution risk.

4. Price Above 20-Day Moving Average

   • Purpose: Find names with short-term positive momentum.
   • Rationale: If a penny stock is trading above its 20-day moving average, it suggests the stock is currently trending stronger than its recent average price. This is useful when looking for the “best” candidates for near-term interest like June 4.

5. Week Price Change %: Greater Than 0

   • Purpose: Require recent positive performance.
   • Rationale: This filter screens for stocks that have risen over the past week, which helps prioritize stocks already showing near-term strength rather than laggards.

6. Exchange: NYSE, NASDAQ, and NYSE American

   • Purpose: Restrict results to major U.S. exchanges.
   • Rationale: Stocks listed on these exchanges generally have better reporting standards, more reliable data, and better liquidity than many OTC names, which is especially important in penny-stock screening.

7. News Driver: Positive

   • Purpose: Find stocks with supportive catalysts.
   • Rationale: Penny stocks often move on news events such as earnings, guidance, contracts, approvals, or financing updates. Positive news improves the odds that the move has a real catalyst behind it rather than being random price noise.

8. Option Sentiments: Bullish

   • Purpose: Capture market-implied optimism.
   • Rationale: Bullish options sentiment can indicate that traders are positioning for upside. While not perfect, it adds another layer of confirmation that market participants expect strength.

Why These Filters Work Together

• The screen is designed to find real penny stocks rather than just low-priced stocks.
• It favors companies that are tradable, not too illiquid, and listed on major exchanges.
• It emphasizes short-term strength and momentum, which is useful for a date-specific search like “for June 4.”
• It adds fundamental/market catalysts through positive news and bullish options sentiment, increasing the chance that the stock has a current reason to outperform.
• Overall, this is a quality + momentum + catalyst screen, which is a sensible way to look for the “best” penny stocks in the near term.