Since tomorrow is the last trading day of the week and I don’t have anymore day trades left, I don’t have a ton really to watch tomorrow other than GBSN. Today I sat and watched the market for the first 5 hours or so before making a trade because I wanted to swing this into tomorrow. I watched GBSN as this was the biggest % gainer today and saw it found support midday at $0.25ish. I thought about buying there but decided to wait because I wanted to wait closer to the close so I didn’t get caught. I ended up getting 2500 shares at $0.275 with the hope of this retesting today’s highs and breaking out above them. I’d like to see $0.40 tomorrow. Since this is a long weekend, I prefer to be all cash and stay safe so I’ll look to get out tomorrow either way. I don’t think I’ll swing something over the weekend, but here are some potential lookers tomorrow.

 

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GBSN – Since I had no day trades left, I was a spectator pretty much all day looking for a swing play for a tomorrow exit. Ideally I don’t want to hold anything over the long weekend. This was today’s biggest % gainer so I was watching this pretty much all day. Later in the afternoon it found support at $0.25ish where I contemplated buying. I wanted to wait until close to the close to get an entry just so I didn’t get caught and then it started breaking out above $0.28 and thought it would retest the HOD. I got my buy order in at $0.275 2500 shares an then it cracked. I had my metal stop at $0.22 and it held up nicely at $0.25 and rebounded into the close and AH (1 million shares traded in AH). My goal is to see this gap up and breakout above today’s highs. I would love to see $0.40ish tomorrow. This could drop quick though so I’ll be up early watching and making sure this isn’t tanking PM.

 

PTX – I almost put this in my watch list last night and for whatever reason I didn’t. (I wasn’t a huge fan of the chart to be honest) It finished yesterday on a nice curl into the HOD and this morning it just took off out of the gate up to $1.30. It pulled back $0.10 and then continued it’s way upwards to nearly $1.50 before closing at $1.33. I may look to buy on momentum as the volume picked up and if this can close the gap, there’s still more than a $1 of upside. Definitely something to keep an eye on.

 

LUNA – Here’s an earnings winner that usually has very little volume and today it traded over 1 million shares which is like 17 times more than the average. It also broke out above multi-month resistance. I may look to swing a small position for the next couple weeks with the hope of this getting back above $1.50.

 

 

 

Also on the radar: AVXL, NXTD, ATHX, MNKD, AQXP