CDNA: Stock has moved up from the $1.00 range moving up sharply near the end of August before forming a wedge pattern. The last few days it has moved out of that wedge pattern and today traded up strongly to $4.59 before closing at $4.12. There is resistance at $5.00 and then $6.00. But it has come from $1.00 so it may need to consolidate before moving higher.
CRZO: This oil stock has recently broken the declining tops line and today traded up to $17.12, closing at $16.91. Targets are $%18.50 and $22.00. Short ratio, 4.3 days to cover.
HMNY: A hit piece was put out by Street Sweeper today but didn't seem to affect the stock price. It had a positive inside day on lower volume (bullish). Today it traded as high high as $9.58 closing at $9.14. Over $9.60 and I think this stock runs to $11.00 and then $13.00 I don't think it is done yet.
IGT: Gaming stock that had been in a rising channel. It had traded as high as $24.25 and then pulled back in a wedge formation for 3 days. Today it gapped higher trading up as high as $24.75 closing at $24.65. It does have overhead resistance at $25.00 But through that level and we should see $28.00.
ITUS: Stock has exploded from $.70 to $5.15 in 1 week. It looks to me to be overbought and should probably consolidate in here. I would look to short the first red day as it is now coming into an area of resistance.
IZEA: Another stock that has exploded from $1.65 trading up to $7.17 today closing at $6.62. There is resistance up in this area so expect some backing and filling. It may even have a short opportunity on first G/R day.
Bob, any thoughts on AVGR? News after hours and big spike with a lot of volume.
Too low price for me. I don't normally trade stocks under $1.50.
Either it fades near the open and fades all day, or it spikes in the first few mins and fails all day. Unlikely but possible it spikes and flatlines all day. Thats what super low float biotech do these days
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