Biotech stocks are on the rise right now for many reasons. I recently wrote about the coming shift out of bonds and into stocks, and how this is lifting many small cap companies. It’s worth noting that healthcare should continue booming whether prices are inflating or deflating and whether it’s a bull market or a bear market.
If you want to maximize profit potential in 2011, consider adding some of my top biotech penny stocks to your portfolio. These are not literally penny stocks, as they each trade for a few dollars instead of a few cents. But the fact that these are small-cap companies with cheap shares makes them ripe investments to snatch up now that momentum is on their side.
Here are my top seven penny stock biotech picks now: