Because this is a merger I’m not sure if I trust it.
- Neothetics, Inc. and Evofem Biosciences, Inc. Announce Merger Agreement to Create Women’s Health Company
Ran into the close on news. I didn’t have TWS open at the time, but there was a nice pull back to $4.00 that would have worked perfectly. I guess with some of these moves based on news coming out you have to just chase them, and as long as you’re early it’s pretty safe.
I did not expect it to run as much as it did. It ran into a massive 200,000/share sell wall at $5.00. Crazy volume too.
Long term chart isn’t terrible. It’s had several green days in a row in the past which is always good. Possible resistance at $18.00, $18.75, and $19.40. It poked through $19.40 up to $19.50 during premarket. That level seems significant so I’ll set an alert for that level. Looks like a 5c tick so it could be annoying to trade.
Have to remember that NASDAQ breakouts are often choppy so when it does breakout wait for a pull back/re-test of the breakout level.
- Interim Analysis of Ignyta’s Entrectinib Suggests Potential Best-in-Class Profile as a First-Line Targeted Therapy in Patients With ROS1-Positive Non-Small Cell Lung Cancer
This stock has split in the past so I can’t really tell where resistance is other than around $17.20 which it is currently above. It definitely has momentum. Possible breakout over $20.00 (premarket high).
- Spectrum Pharmaceuticals Highlights Poziotinib Data in Non-Small-Cell Lung Cancer (NSCLC) Presented at the 18th IASLC World Conference on Lung Cancer in Japan
Long term chart is not very good and it’s selling off premarket now. I don’t think there will be enough volume for me to want to trade it.
- STRATA Skin Sciences Announces Agreement with MedResults Network, a GPO Exclusive to the Aesthetic Medical Market
I wasn’t expecting to trade today since I didn’t really see anything that I liked during premarket. $SPPI had a really awesome breakout but before I could even buy it went up 50c in one second. It dipped and re-tested the $20.00 breakout level and ran $1.00 again. I wasn’t sure about it since it goes up and down 50c instantly which is kind of scary.
I kept watching $OPTT for a while and waited for it to break the high of the day at $2.45. It eventually did and once again I got in on the bid perfectly at the breakout level. It got up to $2.54 but was struggling so much. I probably should have gotten out sooner but I wanted to give it some time. I ended up losing $1 because of commissions which is perfectly fine. It was worth trying at least.
I highlighted my entries and exits since I got out on a red bar and it’s difficult to see. I guess I panicked a little but I was completely in the right to cut the loss and get out! I think I’ll avoid this ticker in the future unless it gets huge volume and starts making big moves.
For some reason the massive chart trader window filled up the entire 1m chart so for a few seconds I couldn’t see what was happening. That was pretty annoying.
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.