There are thousands of U.S.-listed stocks categorized as penny stocks, or stocks trading for $5 per share or less but only a few can be considered strong buy penny stocks.“Penny stock territory” contains a lot of busted growth stories, fallen angels and value traps, yet dive deep enough into the space, and you’ll find plenty of asymmetric opportunities. In other words, stocks where upside potential vastly exceeds downside risk.There are both growth and value plays within this category. The common denominato ...