“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” Peter Lynch
Good morning
We have a shortened trading session today the markets will be closed @ 1 PM ET. Equities are up slightly in premarket with gold and oil while the dollar is slightly lower. It will likely be a low volume uneventful day for the indexes but there could be some decent trading opportunities in individual names.
I want to wish everyone a safe, fun and Happy 4th of July! Enjoy the time off with your friends and family.
A few stocks on my radar this morning
More of a long term hold or swing play > would love it as a starter in the 170 area but nay not get that kind of pull
GLDD Great Lakes Announces Receipt Of $164M In Awarded Work potential flat top break out on the daily fairly small float looking for a pull to 5 support for potential bounce play could be more of a swing kind of a slow mover insider buys in 4.70-5.08 range
LLNW Option Alert: Jul 20 $4 Calls at the Ask: 10000 @ $0.6 vs 25 OI; Earnings 7/19 After Close Ref=$4.43
Closed the gap on the daily could be a consideration for a swing and hold through earnings they reported a great number last quarter and since the stocks has given all its gains back
I like the daily setup on this one they reported the first profitable qtr in the companies history with their last earnings report could be a decent swing opp with an entry as close to 3 as possible its testing the 50 day small floater looking for potential red to green
MICT Micronet Announces Strategic Transaction With 14.89% Stakeholder BNN Technology; BNN Will Seek To Acquire Though 3rd-party Tender Offer Of At Least $1.65 an Add'l 35% Stake In The Co. big gapper small floater looking for intra day setup only 6.5 million shares in the float CEO sold 1.3 million shares @ 1.65 on the 21st of June day trade only negative cash flow probably need to raise capital at some point
ROKU Oppenheimer Upgrades Roku to Outperform great looking daily gapping in premarket potential red to green could be a day trade or swing
VEON Announces Agreement for Sale of 50% stake in Wind Tre to CK Hutchison for $2.867B; Offer to acquire GTH assets in Pakistan and Bangladesh for $2.55B gapper Thick stock lots of debt but positive cash flow new strategic focus potential double bottom play testing a 3 roll in premarket
VRAY Jefferies Initiates Coverage On ViewRay with Buy Rating, Announces $12 Price Target they may need to raise capital 6.50 seems to be acting as support small floater looking for a day trade setup with volume
Energy Fuels Inc : UUUU shares gained 10.57 percent to close at $2.51. extended on the daily just below potential 200 week resistance around 2.80 it could be on the way to a 3 test it would be better to get this on a pull back closer to 2 as potential price support could be a higher risk swing fairly small float New CEO
VIVE UPDATE: Viveve Says Saw 'No serious adverse events reported in the submission' Of VIVEVE II Study Viveve Says 'Final study results could support a marketing application for expanded U.S. indication for the improvement of sexual function in women' Could be in a bounce area likely need to raise cash small float big short interest need some volume for a clean intra day day trading opp do not chase
