Watchlist - 9/18/17

Selecting Stocks and Analysis


$AMD

AMD is up premarket ($12.72) at 5:30 AM. I won’t be looking to buy until it gets back to ~$12.15 which won’t be for another week or two. I definitely missed out on another 17c+. Not a huge deal since timing is pretty difficult.

$MRTX

MRTX is on watch again since Friday was its first big up day. Not sure what it will do today.

$ALDX

After the nice breakout on Thursday, it had a spike on Friday before cracking and fading. It definitely looks like the momentum has shifted to the shorting side.

$HMNY

Offering overnight and gapped down after hours. Potential short but IB has no shares.

$PSTI

Resistance around 1.60 and 1.85. Long term chart is pretty ugly. Biotechs have been running lately so this is definitely one to watch.

$BLDP

Currently up premarket but on barely any volume at the moment. It’s been running for a few days now. Resistance at $5.06. Potential multiday breakout buy if it gets through that level. It’s difficult to determine any other overheard resistance since it has only had one run up at that level before.

$NBRV

102% gap up on trial success. It did have a pretty significant drop on Friday though. Feels like it’s up too much but it could definitely keep going.

$NLNK

Small gap up on low volume during premarket. Starting to fade off $14.10 down to $13.00. Had some short opportunities on Friday but was a little choppy. Potential short but volume is low so it could take all day for it to drop.

Once again I’ll review my watchlist in a few hours after these stocks make their move.

Watchlist Review (10:30 AM)

$AMD

Huge spike from $12.75 to over $13.00.

Update: Ended up topping around $13.30 which is pretty significant for this stock. When it rallies, it rallies hard.

$MRTX

Panic at the open then produced multiple bear flags. Best short entry would have been around $11.15 and covering into $10.55. 5c tick so it was kind of choppy.

$ALDX

Had a spike after it went green. Would not have been easy to trade due to lack of volume.

$HMNY

Sideways then faded. Not a huge move and was light on volume.

$PSTI

Faded right out of the gate. Float is higher so the moves are slower.

$BLDP

Dip buy after it had a small panic at the open. Not a big move but could have been good if you caught most it.

$NBRV

Morning spike then failed and continued down from $14.00 to the $10.80 level (continues dropping as I type). This stock has produced about 6 bear flags so far. If only there were shares at IB. I’d consider this a “gap and crap”.

$NLNK

No volume.

$HALO (not on the list)

Went straight up at the open for several minutes. I really should have got in after it broke the previous day high at $16.65. Easy 35c of profit. So far it hasn’t cracked below that so it would have been a safe entry.


I didn’t really see anything that great except for $HALO which I didn’t take.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.