DPTRQ
Supernovae, still maturing. A 4 day move up that closed under the highs and above the open. Small buy volume Monday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. Gap and crap? Pinkie.
GRVY
New 52's. Short term, these yearly high stocks usually go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 3.47) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 3.15 on pull backs to remain viable as a long, aside from any early noise. Nice move above 3/holds. Needs to take 3.50+/holds for longs.
PATH
Looking for a possible bounce play out of this recently strong stock that has sold off for days until Monday's accumulation print that just missed 4 and closed under the open but still positive due to the gapper. Long on consistently positive price action after the noise candle. Also long on spiking up at or near the gun. Long on take/hold of 4+ as well. If it does, just under can be a stop level. No shorts. Avoid all big gaps. If it gaps over 4 let it test/hold/perk off there before entering. No A/H quote. Possible early r/g entry. Low volume, careful.
GTXI
B/O scan. I like it long back over 3.83 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 3.70 on fails after trigger entering might be prudent. Early r/g? No A/H quote change.
ANAD
Bullish Engulfing. I like this long over the high (2.55) of Monday. Low volume on the rise, which is a decent sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 2.42 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
SIGA
I like this long above 3.63/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. No A/H quote change. As such, an early red to green long is possible. Big buy volume Monday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 3.50 might do the trick.
ARNA
I like this short on over extension on a gap and crap top fish or better a fall fail back under 3/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H less than 0.5%. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 3.19 and keeps going a bit. Stops above today's high at worst. 3 fail is key here.
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Supernovae, still maturing. A 4 day move up that closed under the highs and above the open. Small buy volume Monday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. Gap and crap? Pinkie.
GRVY
New 52's. Short term, these yearly high stocks usually go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 3.47) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 3.15 on pull backs to remain viable as a long, aside from any early noise. Nice move above 3/holds. Needs to take 3.50+/holds for longs.
PATH
Looking for a possible bounce play out of this recently strong stock that has sold off for days until Monday's accumulation print that just missed 4 and closed under the open but still positive due to the gapper. Long on consistently positive price action after the noise candle. Also long on spiking up at or near the gun. Long on take/hold of 4+ as well. If it does, just under can be a stop level. No shorts. Avoid all big gaps. If it gaps over 4 let it test/hold/perk off there before entering. No A/H quote. Possible early r/g entry. Low volume, careful.
GTXI
B/O scan. I like it long back over 3.83 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 3.70 on fails after trigger entering might be prudent. Early r/g? No A/H quote change.
ANAD
Bullish Engulfing. I like this long over the high (2.55) of Monday. Low volume on the rise, which is a decent sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 2.42 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
SIGA
I like this long above 3.63/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. No A/H quote change. As such, an early red to green long is possible. Big buy volume Monday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 3.50 might do the trick.
ARNA
I like this short on over extension on a gap and crap top fish or better a fall fail back under 3/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H less than 0.5%. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 3.19 and keeps going a bit. Stops above today's high at worst. 3 fail is key here.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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