APDN had a flat day after moving from $8.02 to $8.5 and closed at $8 on decreasing volume from past four days of run up. If it breaks $8.00 support then the next support is near $7.65. Consider trading this for 10% upside or stop loss at $7.55. Volume and trend is key for this trade.
IG - 7.25 support so bounce play risk .25 - .35 which means buy shares near 7.50 - 7.25 watch for morning dip.
MBII - Stop loss around $3.40 - $3.30 where the support is there at $3.40 and $3.15. Has not released 3rd quarter financials for Q2 yet which might turn out low. I would consider buying at $3.40 or more shares at $3.25 depending on the volume and direction. Stop loss at $3.28 or $3.09. Average volume for past 2 days is 50K so make sure to keep an eye on volume.
CALA - 7.00 support. Play with tight stop-loss. 22% short float and low float stock at 17.85m. I think the best buying opportunities are around 6.65 and risking to 6.45. One potential dip buy would be near $7.00 support if it holds up with strength.
XNPT - Trend looks like it is continuing and 14 day RSI went from 20's to 54 up to this point. Has gone up 20% in two days so keep and eye on the higher than average volume of 4m and use 4.85, 4.75, and 4.50, and 4.40 as support levels watch for a bounce and use lower supports as stop loss level. Goal is to sell .20 below $6 resistance.
ALIM reversed the trend sharply and it looks like multiday support is at $2.50. Watch the action and consider buying shares around $2.60 and risk $.15 stop loss at $2.45. The overall direction is downwards so tread and trade cautiously
XON dropped a massive 11% for a 4.5b company today. I suspect it was because of sentiments toward the democratic debate and how Hilary caused a huge biotech selloff after tweeting about price gouging. Luckily the debate did not discuss many things about biotechs specifically although it did mention the word "wall street" several times. All together, I think it was a healthy debate and it did not focus on destroying the biotechs further. XON may have dropped based on fear because group psychology is rather simple and I expect it can rebound very quickly. Watch for consolidation around $31 - 32, and with trend reversal and volume i expect it to run up 5-15% within two days.
ONVO sealed a licensing deal with a university. Some support has formed above previous lows and looks like a double bottom around $2.40. It's up at least 20% from the bottom and today moved up 10% before coming back down to a green day of 4%. I would use a daily support of $3 to trade this as long as the volume is averaging 1m a day.
CJJD is an earnings winner. Looks like sales went up 400% in first half of 2015. Looks like this may likely require a PDT so I will not look to get in on the action tomorrow morning but if I could then I would use 1.80 and 1.75 as support and sell if it drops below 1.69 or target profit would be 2.20 - 2.50 range as people discover this relatively unknown company.
Posted Oct 14, 15 1:19 AMbyChaseSmooz
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