April 26th Daily Watchlist - 14 rewatches, 10 new watches

Prior Day Market: S&P – down -0.3%; NSDQ – down -0.2%;

Top watches - $RPRX $VKTX $GSL $SEED $MCUR

Multi-day watch à

RPRX began falling finally, at $2.50 area, strong area for break below.

FMSA high short Ratio could squeeze on breakouts. BUY ON BREAKOUT. Broke down in morning but finishing near open, still for $4 BO.

BCEI big opportunity on breakout for a squeeze. Gapped up and went to $3.95 from prior day close at $3.50. $3.95 for BO but stock nearly doubled in ten days and fundamentally weak, will be looking for change in momentum to short.

SEED is a classic pump and dump pattern where spikes always met by rapid price falls. Strong movement at end of day as a result of changing directors pulling above previous high of $2.26. Look for dump.

NEOT breakout above 1.22. Not a great short squeeze opportunity. High volume trading but news not apparent. Gone from $0.70 to $1.20. Holding $1.25 intraday but finishing low. Stock has now doubled.

KCG at 52 week and ALL time high of $13.60. Broke down below $13.50 but bounced at $13.40.

FCSC, I am expecting $3 support breakdown to $2.75-$2.50, Morning spike to $3.78 from put immediately dropped on open and bounced at $3.10.

UNXL had a double top. Finishing down so potential for $1.75-$2 below $2.25. Could not break above $2.25 in morning, immediate short below $2 and reached $1.75 as expected. Most of gains now lost, potential for $1.30 if $1.75 breaks.

EXK, PLG uptrending metal plays. If it breaks $3 should be good for $2.75. Same analysis, low volume on Friday. Looking for break below $3.6 on EXK. PLG could be breaking $3 region and good for $0.25.

ZEUS near 52W high at 20.59, trending up over past ten days with tendency for morning spike and afternoon pullback. Looked like it was consolidating below $19.75 in past five days before breaking out. Below $19.90 looks good for 11% to $18 downwards.

LGCY oil and gas play – hot sector! broke out above $1.60 ish on high volume. Long term crow pattern (dying), always falls on spikes to lower lows. Breakout above high but look for signs of weakness, fundamentals poor and no news. Sixth green day now and extended almost tripled in five days!! (at high) Lost a majority of morning gains finishing at $2.40. Look for consolidation then weakness.

First day watch à

MCUR went up $0.50 to close at $1.64 yesterday after rejecting at $2 with high volume. BO above $1.80. BD below $1.55 for $0.30 to $0.40 (25%). Crappy company fundamentals IMO.

AVXL up on positive Alzheimer drug news. $6.35 BO and $6.50 push through on high volume. Fundamental’s not dire but would consider shorting below $5.90.

BTUUQ pink sheet highly volatile and liquid. Gone from $0.60 to $1.60 in ten days. $1.78 high to break. Poor company stats but potential for high squeeze given 58% short ratio.  

VSTM broke out at $1.73 intraday in afternoon and third green day. Historically this should turn so looking for momentum shift. Appears to have broken out with catalyst of changing staff.

VKTX broke $1.55 in morning spike on high volume. From $1.20 to $1.7 region in four days (40% gain). BO above $1.80 and holding $1.65, previous spikes always sold into (LT downtrend) so look for change in momentum to the downside with first red day; green red switch on daily.

GSL up from $1.30 to $1.8 but lots of historical resistance above $2 line. Always dropped on spikes. Look for rejection at $2.10 or $2 to short. Fundamentals support theory that this is up on manipulation. This is one to watch in next few days if volume picks up!!

Secondary Watches à

ONTY only interesting if it breaks or rejects from $1.80 area, recent spike met with fall. Back watchlist.

CBAY big break potential above $2.60. Just watching for PA, sat at POC of $2.50 historically.  Back watchlist

STS up to new yearly highs on positive earnings play. Back watchlist

SRPT hugeeee bounce of $10.50. Watching for price action.  

RIGL held $2.80 strong resistance into close down from $2.90. Break above $2.97 on upgrade news to Neutral as catalyst. Won’t short on good news and ok fundamentals. Same analysis, no volatility.

CCLP gas and oil play from $6.50 to $9 in four days. Expecting fall after fourth green day. Target $8.20 (7%).