Small Watchlist of 2. Had to cut down on my tickers, was becoming way too much to keep up with. 

WATCHLIST : Monday, NOVEMBER 14TH 2016

 

NVAX:

NEWS -  Huge selloff in September due to failed RSV F vaccine trials. 3Q earnings loser, and also anounced restructuring plan to layoff 30% of workforce to save $70-$100 million next year. Phase 1 safety trial of Zika program to start in early 2017. 

PLAN - Long term support at $1.15, with long term resistance around the $1.44 area. Past couple days looks to be putting in higher lows. If it can break $1.44  I will start to watch closely as this can start an up trend or setup the breakout past $1.50 . Goal is to buy when it breaks $1.50 and sell into mid $1.60's. Would rather see a continued down trend to test those long term support levels, if that happens this would be a great risk to reward play. 

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REXX:

PLAN - Had an oversold  RSI at 28 during late September, had a nice move from $0.45 - $0.67 . RSI once again hitting low oversold levels. If it can start channeling between $0.39 - $0.45 with higher lows and higher highs I will consider an entry if it breaks 0.45, and will be looking to sell in the mid $0.50's.