This is my watchlist for potential overnight long positions as of 2:00pm 9/19/16.

Watchlist:

$CRMD Is a low float biotech runner which is an explosive combination. It is up because of a breakout past key resistance of 2.26-2.27 area over the past five days. I think the risk reward on this play is pretty good considering it held a solid support right at 2.53 and could return to its previous highs of 2.77 for a solid .20 upside per share. This would obviously be a dip buy and hold it overnight and sell into a morning spike tomorrow, as it previously carries its spikes into the next morning. It has an 85 on my SSS.

$ZYNE Is a low float runner today, I think the only reason its up is the fact that its a breakout over the past week highs. I see no other catalyst other than maybe the news that came out on the 13th of september, almost a week ago(Has been for the most part uptrending since that news). The 1 year chart shows that it has a hard time really breaking out fast, but there are multiple breakouts of over $1 a share that also carry into the next day. The risk reward is not bad considering there is $1 of upside and maybe .20 of downside if you get out fast enough. This earned a 71 on my SSS, thus the only reason it made it to this list. (70's or above make it).

$LPTN Is an ultra low float runner with a decent catalyst. It has pretty good risk reward with resistance at 3.6 and support near 3.46, so if it can't break 3.60 then you get out, but if it does it could return to its previous highs of $4. It has a good history of spiking, and earned a 83 on my SSS. This would be my most probable trade for today.

Thanks.

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