TEAR - Spiked big on Friday and had it's first red day today. History of not holding its gains, but defended the 2.50 support level well today and squeezed a little into the close. Might bounce a little in the morning to 3.25-3.50 area, but ultimately I expect the downside of the move to continue tomorrow.
AEZS - Gapping down after its second consecutive red day. Expecting a sizeable bounce on this one pretty soon. 1.50 is the true gap fill level, but this might bounce at 2 as well. Will be watching both levels the next couple days.
ZN - Also gapping down after second consecutive red day. Upside was not as large on this one, so I don't expect that big of a bounce. Will likely look to take a short position off VWAP after the first 15/30 minutes for a fade to 4.
IDXG - Low floater that squeezed up to key 1 dollar level. If it breaks today's highs and holds its gains tomorrow, we could see a gap fill to about 1.40.
CAPR - Nearing key 1.10ish support level. If it breaks, it could fill the gap to around 70 cents.
GNCA - Price action on this similar to AEZS a few days ago. Has some positive news, but it's a Biotech stock so take it all with a grain of salt. Not sure how to trade this just yet, but will definitely watch to see how far it gets and probably look to short in the future.
I've been holding CAPR short for a few days now (from about 1.30). It's almost broken through the 1.10 a few times...maybe tomorrow is it!
Looks like today was the day. I was able to cover at 0.96. Were you able to get in on it?
Thought about taking it when it bounced to 1, but just decided against it. Congrats to you though!
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