PTN has been gradually up-trending for the past year, and on Friday it gained 17%. Analysts recently rated this stock a buy heading towards $5, and the chart shows the result, as it is coming up on 3-year highs. This is possibly the most anticipated stock recently, as it approaches that $5/share mark, even though the company is losing money. I will look to dip-buy this stock, BECAUSE of the fact that it’s near 3-year highs and you never know where the top will be in uncharted territory. It looks to have support around $1.00, and will use that as my risk and baseline, so I will have to see what happens when the market opens.
MEET is the parent company of a handful of social networking companies, the most notable being MeetMe.com. The chart isn’t the best, as it’s a little choppy. However, it is only about .10 cents off its support level of $2.20 which makes it a great area to enter. There is resistance at $3.20 which gives this stock nearly $1/share of upside. Meet is mid-float share stock, with just under 70 million shares available. I will try to enter anywhere between its support level and about 10-15 cents above it, however I will not chase.
I has really ran the past few days, going from about $3.50 all the way to its current price of $5.77. Volume with this stock is key, as it has only crossed the 2 million daily trading volume three times in the past 100 days. But each time it crossed over, the stock spiked. The stock does have support at $3.50; however $5 has also acted as resistance recently. Depending on how the stock behaves, I will use the $5 as my base, as I will look to dip-buy around this mark. If the stock cracks $5, and tanks, I’ll use $3.50 as my mental start, along with reacting off of level 2 to make my next move.
INSG has been an incredibly choppy stock over the last 100 days, and I will probably stay away from this one in the long run as choppy charts make me uncomfortable. However, there looks to be some support at $1.70, and $2.20-2.30 seems to act as resistance. I’m only interested if this stock breaks down into the 1.70s or a little lower for a potential dip-buy OR if it breaks through its resistance convincingly.
DNR is approaching new long-term highs, which means you’ll never exactly where the top is going to be. I will be using $3.25 as my resistance level for this stock based on historical information. There seems to be recent support at $2.50 and $2.70, so I will use both as the chart plays out. I’ll most likely just watch this one for now, even though the price range and volume are ideal, I don’t like the chart. Also recently a director of the company just dumped 12,000 shares for $30k. However, it did announce last week that it would be presenting at a conference today, so I will definitely keep that in mind as I watch this.
EBIO closed on Friday virtually unchanged, so that could be a signal for a trend reversal. The company recently completed a financing priced at-the-market, and a public offering last November, which tells me, coupled with the fact that the company has not turned a profit in the past few years, that they’re desperate for cash. Looking at the 100 day chart, you can see that it breaks down after it spikes up, however despite this, the stock is still gradually up-trending. The volume for this stock has been astronomical these past few days compared to the rest of the last 100 days. I’ll use $1.70 as my resistance level, and $1.30 as support. So for me this stock is mid-range, and I will not touch it until it gets closer to either mark.
NIHD has really taken off over the last 100 days, going from a low of .40 cents all the way to its current price of $2.46. This stock has popped up before on my watchlists and scanners, so I know this stock can run. However this stock down-trended all day after the morning spike on Friday. I will look to dip-buy this one, based off of the price action on Friday, using anywhere in between $2.30-2.40 as my support level.
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