Many, many setups for this week. Should be a good week to start off the new year.
Longs
VUZI: I am interested in this above Friday's high due to Intel's investment. The magic number seems to be $5 from Intel's investment so we may get a run to that or at least 4.75 which was the 52 week highs.
AEMD: I am more long-biased on this but I will be looking at what unfolds in the morning to make a final call. The news seems to be somewhat legit since they supposedly cured an Ebola patient who was on their deathbed.
JOB: This will also be another reactive trade however I think this can squeeze shorts after the big move it made Friday. If we get past 1.87 this will rip. If there are higher lows setting up in anticipation of that 1.87 break, I will take partials along the way.
NOAH: Making higher lows on the daily and just closed above a prior candle's high. Any r/g action w/ possible support being at 21.75.
GPRO: Seems to have made a higher low on the daily right at the prior support. Looking at the aftermarket session, we will probably gap up so that might take the wind out of this move but otherwise look to be above the first 5 min candle's high to get in. Ideally this trades in a narrow range.
WTW: Looking to buy morning washout on an already beat up chart. However, it has major support at the 19.50 level on the daily so if it gaps down and flushes to that, that could be a nice bounce.The first higher low near a whole number may also be a nice spot for a bounce.
Shorts
Any premarket action should be used as guides when shorting. If it can't get through premarket resistance/break of premarket support, add to short.
VGGL: I believe the news that caused the spike on Friday is just fluff. The CES site doesn't even show that Viggle has a booth, so I don't know how important CES will be for them... With that said, I am looking ideally for a para to short into although I think this will be a case of failed follow through momentum at the prior days highs around 3.50-55. However, if higher lows setup, I might take it long for a quick trade.
BCLI: I will be extremely careful on this one. The conference is at 8:30AM so hopefully by the time the market opens the news can be digested and analyzed to see if the results are actually good or just fluff. This will determine whether or not I proceed with shorting as I believe this can possibly squeeze hard and then I would be interested in a quick long. Any parabolic action might be worth shorting into with risk on half/whole marks. We might see it test the 7.65 level from the prior day's action and if it rejects that, I would be interested in the short. Important support at 6.85. Other levels to monitor: 8 and 8.50. Also to note that this traded 24M shares with the float only being 12M so 2x the float, float rotation can enable this to go higher in addition to positive test news and shorts getting squeezed. Another NDRM perhaps?
IDRA: Recently this stock has been having big green moves followed by a red day. I am interested in this more of a failed follow through momo play. If we reject 5-5.15 area, I will look to go short.
LINE: This was a crowded trade on Friday and it really punished shorts. However, with oil going to new lows tonight and the squeeze already happening, this can be a good short. I will be trading this purely reactive out of the gate. Generally I will look to short into any weakness at the open.
Price alerts I set: ATHX (if it gets to 1.75 area may be interested for a short; seems to have just run b/c of NDRM and NRX); DDD (above base around 34); CTRL (above base around 16ish); HIMX (above base around 8.31); FSLR (above base around 46); GWPH (above today's high for continuation out of descending wedge); P (above last high at 18.70 - coming out of downtrend); ETRM (above base around 1.52); AT (around 2.85 - ABCD setup); CHGG (above base around 7.10); UNXL (above 6 would take it out of long term wedge on daily); ARRY (wedge forming -above 5 might rip); MVIS (above base around 2); CMCM (around 15.85 above base); CARA (above 10.80ish can get it going - beautiful ascending on daily); CRUS (above 24); BBRY (above 11.20); CRIS (above 1.56ish); YELP (above 55.60ish); GTI (above 5.21)
Interesting biotechs/pharma/health care: ATHX, ETRM (above 1.50), ARRY (wedge forming -above 5 might rip), AMPE, NURO, TPI, TENX, BDR, GENE, RGDO, CPRX, RPRX, LBMH, BLUE
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