Watchlist for monday 9/19/16 made the morning of.

 

$ISLE Is currently up 30% on news that it is being bought out by another company for roughly $1.7 billion, and the loan has been finalized by J.P. Morgan for $2.1 billion. This news is very significant because it could definatly cause a good spike at the open, but I would not buy it since its already up 30% during premarket as of 8:45am EST. My SSS score for this trade as of pre-market is a 60. The price action just doesn't impress me, because it doesn't have that history of spiking. Thing as far as price action that it has going for it is its a multi-month breakout above $20 and another breakout above $21. The ease of entry and exit is decent, not counting the .34 spread from friday haha. I would NOT buy this just because its up too far already, as well as it doesn't have a history of morning spikes, all it had was run ups that lasted weeks and as of right now its on a downtrend. 

$FATE Is up premarket about 10% because its a multi-month breakout above $3. It doesn't have any news to go with it so the catalyst is pretty weak here, so im guessing the only way to squeeze any profit out of this one would be to try and catch the morning spike IF it even has one. Im personally NOT trading this stock today because its a 68 on the SSS for me.

Thanks for reading my watchlist, I had to cut it short because the market is soon to open. 

 

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