Trade & Watchlist Recap – Hercules Offshore Inc A Clear Winner
Reviewing watchlist action from yesterday.
BLDP is now trending sideways. More selling possible if 2.50 taken out. Stop loss > 2.70
BLDP dropped below 2.50, fading to 2.43.
CBAK has some resistance at 4.60. Potential on failure to break it or potential long on the break it.
CBAK had a dull dull day.
CHTP is a long play if support of 2.90 holds. Long on green. Up on news that their drug wasnt as terrible as it was perceived. Stop loss < 2.80
CHTP gapped up, but then sold off all the way to 2.80. Not watching anymore.
CYTK stayed below 5.00 providing resistance now. More downside if stock stays red tomorrow. Short on red. Stop loss > 5.00
CYTK danced around 5.00 and did nothing fancy. Boring.
DEPO is facing stiff resistance at 4.50. Short below 4.50, with stop loss > 4.60
DEPO had a big gap up on positive news. No play.
DYAI huge spike on friday. Just watching for now. Waiting for fading action.
DYAI went red, but had very poor volume. No play.
HOKU up on news of selling stake to raise capital. Support of 3.20 was broken. Next stop 3.00. More selling possible on break below 3.00
HOKU slowly faded to 2.99. Nothing exciting. However lining up for more selling tomorrow.
LOCM was up on false press release of being bought out by Microsoft. Potential short on red. Be cautious though, it has a choppy chart.
LOCM hung around 5.50 all day, to break to 5.42 in the end. Nothing exciting here too.
LUNA jumped higher in the morning, only to fade in the afternoon. However it went down from its highs of 2.70 to 1.80 before jumping back to 2.15. Watching for more spike to short it.
Dropped 5% to 2.04, holding well above 2.00 support.
ONCY up on news of phase 3 agreement. Positive news, but possibly scalping opportunity on short side on more spike. Watching for now.
Down 6.5%. Provided good scalp opportunity.
OSIR got pounded down from 15.00 to 6.00 in the last month. However it seems to be recovering from it. Long break above 7.00.
OSIR went red and stayed red all day. Weak weak stock.
SEAC is a long play on break above 8.00. Slow mover but looks promising above 8.00
SEAC gradually crept up to 8.20. Very very slow mover.
Trade
Traded HERO long, when it started to go higher eating up all the sellers. Long @4.70, @4.79 and sold out when it showed weakness @4.82. Sold a bit early than should have. But it was choppy after hitting @4.80. Eventually closed at @4.91 and with more strength a push above @5.00 looks viable tomorrow.