Feb 10th 2016

 

$SSRI - Traded green most of the day but closed down .02. its not much but it looks like it may be running out of steam. Watch the price action in the morning this is definitely a potential short for me. It broke past $5.50 but could not hit $6.00. I would say a definite short into any failed morning spike or short if it just looks weak at the open. 

 

$TRXC - Equity offering news after the close - Selling up to 43.6Mil of shares. Closed at 4.40 then hit 4.75 after hours before it tanked to $3.04 then back up to 3.60. Seems to be right at longer term resistance and support has been around 3.00. Going to watch the action at the open and looking to short any type of failed spike or breakdown of support. 

 

$THST - I really don't like the intraday chart for the last week on this one but cant ignore the fact that it has spiked a lot in the past. Going to look for a possible morning spike but not chasing it.

 

$ZIOP - Positive drug patent news. See longer term support at $4.80 and resistance around $5.60. Intraday support looks to be $5.30 and resistance at 5.60. Looking for a possible buy on a breakout or decent dip. I think its trading to close to support levels for any kind of short play at this time. 

 

$NEOS - Spike up on news of the withdrawal of their secondary offering. I see intraday support at $9.30 and resistance at 9.80. First daily green candle since the initial announcement on Jan 29th. Going to wait and see what it looks like at the open, if it shows some strength it could be a good buy for a second daily spike.  

Happy Trading!!!