3 Tech Penny Stocks to Watch Right Now Tech penny stocks have become some of the best performers of the past year. Whether a combination of pandemic-related tech needs or the entrance of more innovative products, there are a few reasons why these penny stocks are seeing solid momentum. As we move into the last month of the Spring and even closer to tax-day, the market has a tendency to consolidate as the public gets ready to pay up. However, investors both new and old recognize that volatility like this can be used as a short-term financial tool, especially when considering that there are so many penny stocks under $5.Â