Today’s Trades

XOMA – Low float biotech up $4 yesterday and although this doesn’t have a good history of multiday spikes if this opened weak and ground it’s way back green I’d be interested in buying a small piece and seeing if this can have a day two. But looking at it’s history I’ll be careful.

PULM – Another biotech having a big day yesterday. But with this down trending since it’s big run in January I need to be convinced this will continue before risking at any level. Weak open red to green is the only way I’d be interested.

WATT – Tech company releasing a new charging product. Not a great chart but up $3 and closing strong yesterday. If yesterday’s high of day (YHOD) breaks at $12.67 I’d look to go long with $15 as a target (but probably taking profits before $14). Risk would be if G/R fails at $12.45.

ABEO – Nice FDA news a few days ago for this biotech and looking for this to continue. Broke ATH yesterday topping at $15.24 but closing $1 lower. However that is right at the b/o level. If this can continue upwards and set up in the day to give me a tight risk off a pull back (ABCD), I’d go long aiming for a break of that new ATH.

CORT – ANOTHER biotech at ATH’s here. If $17.24 ATH breaks I’d go long risking G/R at $17.05 aiming for $18ish. Quite choppy intraday so I’d only risk a small amount if volume comes in.

PCOM – Big gain on no news for this tech stock. However 90%+ of this stocks volume yesterday came above $9.50.  So if this goes red out the gate I’d be interested in a short below $9.50 as longs will be underwater. Risking R/G aiming for the low 9’s. (Never tried this before but got the idea from Dux’s detailed video on his Youtube channel)