Watch List for 8/29/17

 

$ALQA this low priced medium floated biotech ticker had a huge spike in two major intervals, in the first hour & in the last hour. Daily now looks over-extended after today & there was no catalyst. I want one or two days more extension but will watch tomorrow for possible gap down entry, over 10M float so no long. Price action is a little illiquid needs more equally distributed trading volume throughout the day.

 

$TNDM lower priced biotech 40M float ticker traders have been talking about for weeks now had its biggest run up today closing up 40%. Gapped up large came down 15% so there is a set resistance level from 1.22 in effect from today. Gap & excitement caused by news released today about an FDA approval of their TSLIM product. Will observe levels tomorrow. 1.0 is a key level if it gets shoved & gaps down under that level then there will be 20% worth of downside.

 

$CRMD this lower priced ticker had some steady climbing action all the way into close on 4M volume closing up 21%. News released today about a CMO change which is big for a biotech, traders & investors reacted positively; want more extension on the chart. So not necessary to trade tomorrow on the short side; will see how the price action fairs.

 

$TRXC ticker has had 4 green days in a row while not going red closing the day up 15% today. Their assets in the Q2 dwarf their liabilities in comparison by more than 8X. This ticker had its biggest run up today & got shut down below the natural 1.0 resistance line. This ticker shows a perfect set-up for a gap down play that I look for given this run up with no catalyst or SEC filings. The daily is really clean just need some additional volume tomorrow am excited to see what happens here. Mid probability of it getting stuffed at 1.0 again & going G/R, also a mid probability of it just gapping down, & worse case scenario is it breaks 1.0 & goes up faster which is better for me to short in the long run. Its already too over extended for me to think about going long but must remember on the daily there is a lot of upside room to run. Will observe this carefully. 102M float heavy… perfect set-up for gap down.

 

 

$AVEO will observe to see if this ticker bounces & breaks out past todays highs, or volume & liquidity starts to fade. Key levels are 3.50 over & under & 4$.