Good morning
Beaten up China names got a pop yesterday on the rumor that China and the US are looking to resume trade talks. With that in mind there are several China names on todays list. Accounting standards and the reliability of financial reports from China companies make them inherently more risky so play them accordingly.
Today's Economic Calendar
8:30 Initial Jobless Claims
8:30 Consumer Price Index
10:30 EIA Natural Gas Inventory
12:30 PM Fed's Bostic: Economic Outlook and Monetary Policy
1:00 PM Results of $15B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Source Seeking Alpha
CLICK HERE FOR THE CHARTS OF THE STOCKS BELOW
$HUYA Good looking setup on the daily potential red to green follow through day
$IQ lots of call action recently potential 50 day test and roll I like this one for more of a swing could have a potential short term double bottom
$BZUN Another potential swing or longer term hold China name looking for it to reclaim the 200 day
$BABA
Alibaba Computing Conference to be Held September 19 to 22 more of a long term hold play but also can have some range
$BILI
Bilibili Acquires Minority Equity Interest In Fun-Media just one of the China names making a nice move yesterday could get a 14 test and roll would like to see a red to green
$NDRA Potential flat top breakout over 3.20 area 4th day of the move so could be getting extended Superman has been on this one only 3.3 million shares in the float can be a pop and flopper so do not chase and play size appropriate
$CZR Caesars Shares Spike Higher After Hours Amid Report HG Vora Capital Built A 4.9% Stake In Co., Wants Mgmt. To Explore Strategic Alternatives- More of a long term hold situation the whole sector has been under pressure could be looking at a bounce
CZR Option Alert: Dec 21 $11 Calls Sweep (2) at the Bid: 1000 @ $0.625 vs 9406 OI; Earnings 10/31 After Close [est] Ref=$10.35
$ARQL
ArQule Reports FDA Granted Fast Track Designation For Treatment Of PIK3CA-Related Overgrowth Spectrum nearing potential price support area for a bounce in the 5 range potential day trade
$AQST
Wedbush Initiated Coverage On Aquestive Therapeutics With Outperform Rating, $33 Price Target recent IPO flaggin nearall time highs > small floater potential day trade biotech name
$QCOM the semi sector is under a bit of pressure but QCOM just took out a level of potential price resistance Very thick stock more of a swing or long term hold play would be nice to get it on a pull in the 66 -69 range
QCOM
Qualcomm Announces $16B Accelerated Buyback Plan
QCOM Passes 52-week high of $73.0 during PreMarket session
$BLIN
Bridgeline Reports A Regional Medical Care Services Provider Has Selected Co.'s Bridgeline Unbound, No Terms Disclosed Tiny floater tends to be a pop and flopper could be a day trade opp do not chase
$VHC full disclosure I am in this with some lottos after a nice scalp looking for it to pull to the 3.50-3.60 range and may load back up its breaking over the 200 day which could now act as support.. The have a shelf registration out there and if they don't get the Apple money soon may be doing another capital raise. If they get the Apple money this could rip there have been some big block trades recently could be some accumulation going on
the headline below was from August 31
AAPL
+1
VirnetX Receives District Court's Final Judgment Affirming Jury's Verdict Of $502.6M In Patent Infringement Case Against Apple
