BIOS

147.79m market cap, 67.93m float

 

Stock up on no news, broke out over multimonth resistance and closed at its highs. The stock is starting to look overextended on the daily with no real pull backs and it is overbought on the daily as well (71.19 RSI). I'll be looking for a morning spike and so I can short the backside of the move, preferably stuff into 2.50. If it opens down I will look for the r/g as risk and lower highs.

 

CPXX

65.01m market cap, 31.96m float

 

Stock had been uptrending and then popped on this news

http://finance.yahoo.com/news/cpxx-celator-ready-commercialize-vyxeos-161500215.html

which from what I read basically said that they have all the information they need in their phase 3 trials but now they need to analyze their data and then report it at the end of this quarter. Did it warrant this pop? I couldn't say for sure but what I see is an overextended and overbought daily chart (72.09 RSI) that closed below a major resistance level around 1.90/2. This isn't my favorite play but I'll basically be lookg for that 1.90 over under for a long or short. If it breaks above 2 and holds It would be a buy for the news hype, if it can't get above the HOD today or 1.90 I would use that as my risk for a short. 

 

FHCO

49.95m market cap, 22.15m float

 

The stock is a recent earnings winner which is why I have kept it on my radar since that high volume spike in early February. It has proved it can spike. The stock has had a slow and steady grind after it found a bottom. Today the stock touched the multimonth breakout level at 1.80 and pulled back but still held above that 1.60ish area support. The stock also released this

http://finance.yahoo.com/news/female-health-company-featured-documentary-133000316.html

which talks about how the stock is going to be featured on a show on PBS in Chicago tomorrow, not huge but could build some hype. Also at the end of the article they talk about how their female contraceptive is the only one of its kind and is a sort of a female condom, which they then go on to say would be very helpful in keeping women safe from the Zika virus since it can be sexually transmitted. A lot of hype and this is more of a speculative play. If the stock can catch some volume and break through 1.80 it will test 2. I doubt it could break 2 but who knows. The stock got up to 1.84 after hours which looked more like tape painting rather than big buying but it did get there. 

Full disclosure is that I'm currently long this stock at 1.70

But I do expect that it will spike in the morning, and if it does anything other than keep an uptrend over 1.80 I'll sell my position.