UNXL dumped their Kodak partner and collapsed 36% today, snapping a new 52 week low. RESN reminiscent which tanked $15/share over the next couple weeks after similar announcement. The failed bounce was followed by a squeeze that double-topped just below 4. I’m short risking off 4 over/under. If I were playing smaller size I’d risk off 4.30 4.40 4.50ish long-term ceiling. Massive 5-year resistance, no support until 2.20s. Given the snap back below the 200 moving averages, this could continue its 2-year fade given the negative catalyst. Closed weak taking out 3.70s intraday support. Gapping down a/h. 

 

FLWS is a back-to-back earnings winner that may repeat its uptrend ($3.8/share over 18 days before reversing). Tried to bite the 8-year double top and failed just shy of 13.50 (remember half and whole numbers are psychologically significant). Minimize risk and do not anticipate the mid-13’s breakout despite high probability. FLWS former runner + 24m float + earnings catalyst + trending above 20/50/200 EMAs. Gearing with higher highs + higher lows. ATR .6 (nice volatility). Top potential long.

 

AMCC earnings winner. No play for me. 70M float too high + thick overhead resistance. Bitter bagholders may sell into any spikes. Wait for the best and ignore the rest.

 

SYMX was a nice 2 magnet now fading. Potential short if it cracks 1.50. Not big upside, likely bounces off 1.30s. Float 59M so dangerous squeezes less likely but anything could always happen. Below my ATR threshold so not volatile enough for me. Note that the higher the float, the lower the volatility as it takes more $$$ to move the stock. Growing small accounts works best with floats less than 25M.