Robinhood traders are known for chasing fast-moving penny stocks — and in a market shaped by tariffs, AI hype, and media-fueled spikes, the opportunities are lining up fast.
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Here are three red-hot Robinhood penny stocks to keep on your radar for April…
1. MicroAlgo Inc. (NASDAQ: MLGO) — The 500%* Short Squeeze Phenomenon*
MLGO is a textbook penny stock supernova.
It’s leading my Robinhood penny stock watchlist for the second straight month — get the full Robinhood watchlist here!
On February 21, it spiked 910%* in a single session — from under $2 to over $11 — before collapsing back to the $2 range. Then on March 24 it spiked again, this time 500%* … after news broke that it would issue new shares.
That kind of bearish catalyst typically sinks a stock … but in today’s short-seller-heavy market, it became rocket fuel for a multi-day squeeze. And the move didn’t stop there — MLGO continued running into the end of March, showing that even dilutive news can become a bullish trigger when the setup is right.
Why it’s in focus:
- Recurring short squeezes in a low-float environment
- Backed by WIMI Hologram Cloud, which recently upped its stake to 67.65%
- New quantum computing algorithm rollout and recent funding deal add fuel
What to watch: Big percentage moves attract Robinhood traders — and MLGO has the history and float profile to keep running. Watch for volume surges, VWAP reclaim setups, and failed fades that turn into squeezes.
2. American Rebel Holdings (NASDAQ: AREB) — Florida Media Push Meets Low-Float Fire
AREB exploded more than 100%* intraday on April 2 after announcing that CEO Andy Ross would appear on two major South Florida TV stations while hosting investor meetings at Mar-a-Lago. Combine that with the company’s expansion of its beer brand into Florida and a low float, and you’ve got the recipe for a Robinhood favorite.
To top it off, AREB just completed a 1-for-25 reverse split — reducing its float from 10.6 million to around 423,000 shares. That kind of share structure doesn’t just attract buyers … it can trigger massive circuit-breaker halts when momentum hits.
Why it’s in focus:
- Media-driven breakout following reverse split
- Strategic beer market expansion in a high-consumption state
- Float reduction sets up ideal squeeze conditions
What to watch: This is a classic low-float breakout candidate. Watch for high-volume premarket action, intraday halts, and aggressive buyers stepping in at key psychological levels ($5, $7, $10).
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3. CoreWeave Inc. (NASDAQ: CRWV) — The $25 Billion AI Cloud IPO That’s Just Getting Started
CoreWeave is one of the biggest new tech names on the block, and Robinhood traders are flocking to it post-IPO. After debuting on March 28, CRWV has shown volatile action and a clear connection to the red-hot AI infrastructure trend.
Check out the latest CoreWeave news here!
Revenue surged 737% in 2024, and major players like Nvidia and OpenAI are already backing the company. Despite an undersubscribed IPO and some near-term uncertainty with Microsoft contracts, CRWV is still growing fast — and at a sub-7x price-to-sales multiple, it’s cheaper than many of its peers.
Why it’s in focus:
- First major AI infrastructure IPO in the new cycle
- Revenue jumped from $16M to $1.9B in two years
- Direct exposure to the AI compute boom — with momentum to match
What to watch: This is a higher-priced name than typical Robinhood penny stocks, but the volatility is there. Look for strong reaction days tied to AI headlines, OpenAI news, or earnings updates. Ideal for swing trades or day trades off range breaks.
*Past performance does not guarantee future results. Always trade with proper risk management.
Key Takeaways
April is shaping up to be a month dominated by tariff volatility, AI speculation, and low-float momentum — all of which create the perfect conditions for Robinhood-style trades.
Whether you’re watching MLGO for the next short squeeze, AREB for another media-fueled breakout, or CRWV as a post-IPO AI rocket, the key is the same: follow volume, know your levels, and trade your plan — not the hype.
This is a market tailor-made for traders who are prepared. Robinhood stocks thrive on volatility, but it’s up to you to capitalize on it. Stick to your plan, manage your risk, and don’t let FOMO drive your decisions.
These opportunities are fast and unpredictable, but with the right strategy, you can make them work for you.
If you want to know what I’m looking for—check out my free webinar here!