Good morning
The Fed announcement has come and gone without a lot of reaction from the equity markets. However, it appears as though the Fed plans to continue with its steady increase in rate hikes which could weigh on markets in the future. Many sectors and indexes remain in the guilty till proven innocent camp until we get some better looking technicals. Be careful in the cannabis space as it appears as though we could get another unfriendly AG for the space. Until we have clarity on who the new AG will be there it should probably be a space to be cautious with.
As you may know I have been wanting to jump into ATVI with a starter for my long term hold account and I have been patiently waiting for my opportunity to start dipping the toe. I am getting excited because ATVI is tanking after earnings last night and it is hitting one of my identified potential support areas. I have another identified area of potential support at 40 dollars which would also be a a gap fill on the daily time frame. I may look to get a very small piece started in the 50-55 range but my ideal area to get somewhat aggressive in building out my position would be in the 40 dollar range.
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Click here for the charts of the stocks below
$NIHD gapping not sure what the news is have not seen it yet. Full disclose I still have a small position and may look to unload the balance on this pop if it gets into the 9.40 range. I could also look to take it for a scalp or day trade.
$VCYT Grinding higher after reporting good earnings end of October nice flag formation flirting with a potential 15 test and roll could be a day trade or higher risk swing being a biotech
$LUNA Reported good earnings yesterday looking for potential entry after gap up yesterday I put out a trade plan for it yesterday, We will see if it presents my entry points today
$IMMY
On November 5, 2018, Imprimis Pharmaceuticals, Inc. (the “Company”) provided notice of termination to Cantor Fitzgerald & Co. (“Cantor”) of the Controlled Equity OfferingSM Sales Agreement, dated November 27, 2015 (the “Sales Agreement”), by and between the Company and Cantor. The termination will become effective on November 15, 2018, following a ten-day notice period pursuant to Section 13(b) of the Sales Agreement. The daily looks fantastic this would be the 3rd day of the move
$MBOT Super tiny low floater potential day trade opp with volume just looking for a potential scalp here decent volume yesterday looking for potential follow through with a 5 test and roll
$RIBT
RiceBran Q3 EPS $(0.07) Beats $(0.09) Estimate, Sales $3.463M Beat $3.45M Estimate potential 3 test and roll very active 10 percent buyer could be a swing or day trade play 2.50 seems to be acting as potential support and would be ideal area for entry for a swing
$GDEN
Golden Entertainment, Inc. - Common Stock Q3 EPS $(0.11) Down From $0.28 YoY, Sales $210.337M Up From $108.322M YoY Golden Entertainment Reports $25M Buyback Casinos are not a hot sector right now I like this for a swing or long term hold I could start building a position in 13.75-16.50 range the 200 week is at 17 and it is worth watching that area to see if it can hold
$OCC love the daily on this one and the space it is involved in. flirting with a 5 roll could be a day trade on a trend line break with volume and could be a swing on a pull to the 3.50- 4.25 area will have earning scoming up and trades very thin so play size appropriate
$HWCC could be at an area of potential price support
Houston Wire & Cable Q3 EPS $0.15 Up From $0.06 YoY, Sales $90.1M Beat $84.8M Estimate more of a swing type play 4.80-5.80 could be an entry area for potential swing can be a slow mover
$LPTH full disclosure I am already in this and there is a trade plan for it I will be looking to add to the position I like the space and the management team would love a retest of the 1.65 recent low to add but they just reported upbeat earnings may get a a 2 test and roll
$III
Information Services Q3 Adj. EPS $0.14 Beats $0.09 Estimate, Sales $67.965M Miss $71.9M EstimateIn
Potential support area 2 the 4 dolla holla trades super thin play size appropriate and do not chase potential day trade with volume
$EGAN
eGain Communications Corporation Q1 EPS $0.02 Up From $(0.02) YoY, Sales $15.7M Beat $15.52M Estimate
small floater 6.50 could be support area earnings beat could be a swing on a pull to support or day trade with volume on a break over 8.30
$BLFS
BioLife Solutions FY18 Sales $$19M-$20M vs $19.70M Est., Sees Gross Margin 68%-70%M Up From 61% In
BioLife Solutions, Inc. Q3 EPS $0.07 Beats $0.04 Estimate, Sales $5.93M Beat $5.23M Estimate
nice looking daily potential swing or day trade opp 200 day seems to be acting as support look for volume and do not chase
$XELA full disclosure I still have a lotto piece in this one from a swing I could be looking to add after earnings they are also doing a share buyback there is a trade plan for the pro members from my original entry I like the company and could look to add to the position on a pull to potential support areas Exela Technologies Sees FY18 Sales $1.58B-$1.59B vs $1.59B Est. Exela Technologies Q3 EPS $(0.20) Misses $(0.02) Estimate, Sales $383M Beat $378.75M Estimate
