April 19th Daily Watchlist - 12 stocks

Prior Day Market: S&P – up 1%; NSDQ – up 0.5%; DJIA – up 0.6%

IPWR gone from $4.50 to $6 in one day. Breakout at $6.35 and potential to reach $8 on strong volume, new technology test successful and low debt as catalysts. $6 resistance held three times in six months. Past spikes have been around $2.

AMDA is a crappy biotech company with big news causing gap up from $1.75 to $2.75 in morning spike but didn’t hold gains and finished at $2. Interested for break out above $3.50 but only small potential as resistance is at $4. Will not play for a long as fundamentals poor.

GNE big spike on big volume historically met with big selling. One day move $6.75 to $8.25. Consolidation around $8, potential short below. Resistance at $9 with bitter shareholders expected to sell positions.

CPST up from $1.50 to $2.50 in three days. If it cannot breach $4, potential short play for $1-2. Crappy fundamentals. Secondary offering of shares similar to refinancing, raising capital is a negative sign.

CDRB up from $2.50 to $3.25 but choppy. All previous spikes met with selling and bad fundamentals, plus no news. If it does not break $3.50/$3.75 short opportunity. Has had dangerous spike breakouts in past over a few days. 

UNXL upwards stair stepper pattern. Broken out of $1.50/$1.60 resistance. Not playable at the moment with resistance at $2. Two new contracts announced on 13^th April doubled clients. High short ratio could create short squeeze. Will not short play yet but fundamentals looking bad.

RPRX has huuuuuge volume. $1 to $3.5 in 3 days and closing strong yesterday. Price spikes of $2 in the past have been met with selling. If breach $3.10 this could be good for $0.60 on short squeeze but be careful on change in momentum. TERRRIBLE company fundamentals.

HERO broken $3.25 resistance on high volume. $3.50 breakout but look to short in next few days with bad fundamentals and no news, going up with other oil plays.  

CBK broken out $2.50, consolidating at $2.70 intraday finishing strong. Potential gap up and confirmed breakout above $3. Ok fundamentals with no debt, undervalued on the book. News of big name as a nominee for election at 2016 annual meeting of stockholders is a catalyst.

FELP is an energy play moving with oil. Key breakout level above $2.10 for squeeze of $0.60-0.70 but momentum fading. Total S%^& fundamentals. Expecting this to fall back to $1.40-$1.20 within next few weeks. No real surge. No real plays.

ARGS from $8 to $14 in a week following public presentation at Annual Needham Healthcare conference. Pumping on MarketWatch which did not pump successfully. Crappy company with high short ratio. GOING DOWNNNN, huge resistance at $13.97 but cannot risk short as pending FDA approval.

GSS nearing 2-3 year highs at $0.90. Potential short for $0.30-0.40 but risk on upside breakout is large. Connected to gold – keeping on back watchlist but do not deal in commodity prices.