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Jan 11th 2018 Free Friday Pre market Prep



Good morning
It has been a good week for the bulls and we are approaching areas of potential price resistance in several indexes and sectors. Retail is under pressure after disappointing earnings from Macy's. Earnings season will kick off next week and that is what will likely guide the markets for the next several weeks. Biotech has been one of the leading sectors and after a tremendous run it it approaching some moving average and potential price resistance. I would not be surprised to see equities take a pause and just consolidate a bit into earning season.

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$IQ good looking daily chart
Goldman Sachs Adds Iqvia To Its 'Conviction Buy' List potentially more of a higher risk China swing play flirting with a 50 ma cross and 18 roll

$OPRA thin name recent IPO trend line break after nice potential bottom base small floater 6.50-7.00 could be ideal entry zone for swing 6 stop area

$CRBP gapping after market on lower volume taking out 8 resistance smaller float high short interest could set up for intra day trade with volume>do not chase

$GNUS had a late day drop on a fairly low volume day .. it trades thin and it can have some dramatic moves I am looking to add to my position if it gets back into the 1.89-2.00 range this is my 2019 spec play long term hold

$STKS
The ONE Group Hospitality Sees FY18 GAAP SAles ~$85M, Comps Up 9.4% Year Over Year
The ONE Group Hospitality Sees Q4 GAAP Sales ~$25M; Comps Up 15% Year Over Year Thin trading stock decent looking daily flaggin just over trades extremely thin .. could be a day trade or higher risk swing with volume

$CPST full disclosure I have a small position in this one the CEO bought shares in the 80 cent range currently flagging on the 50 day moving average in a long term down trend but has broken that trend line ,, this is a speculative log term hold play next resistance is the 90 cent range and then 1.07 or so


$FTK
Flotek Reports Sale Of Its Florida Chemical Co. To Archer Daniels Midland For $175M In Cash Gapping in premarket Back of the envelope this deal equates to around 3.12 per share they plan to use the proceeds to pay off all their debt and some cap ex and have formed a strategic committee to decide what to do with the remaining cash could see a special dividend or share buyback decent short position 18 percent only 49 million shares in the float


$NSSC
William Blair Initiates Coverage On NAPCO Security with Outperform Rating Good looking daily tiny floater trades thin could be a higher risk swing play with entry as close to 14 as possible

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