STOCKS IN THIS WATCHLIST ARE GENERALLY GEARED TOWARDS SWING TRADING BUT CAN ALSO BE USED FOR DAY OR LONG TRADES. STOCKS ARE EITHER TRENDING TOWARDS A BULLISH TECHNICAL CHART OR CURRENTLY IN ONE. ANY TECHNICAL ANALYSIS IS PROVIDED IN THE ACCOMPANYING CHARTS. PLEASE DO YOUR OWN DUE DILIGENCE BEFORE INVESTING IN THESE STOCKS. (The Shares Float is based on figures from FinViz.Com or wsj.com).
Stocks highlighted in this watchlist include: $ACBFF, $SFUN, $SORL
ACBFF: Float of 265.56 million shares with a valuation of $2.1 billion.
Aurora Cannabis Responds to CanniMed's Adoption of Poison Pill Tactic.
"Since launching our offer, the feedback we have received from CanniMed's shareholders has been overwhelmingly positive. Many of CanniMed's shareholders are telling us that our offer represents an excellent premium for their CanniMed shares, and clearly see the considerable upside potential by becoming Aurora shareholders," said Cam Battley, Aurora's Executive Vice President.
The actions of CanniMed's management and Board, however, seem contrary to the wishes of CanniMed shareholders. CanniMed has adopted oppressive poison pill tactics, which appear to be driven solely by entrenched self-interest, and that purposely limit their shareholders' rights and ability to choose. They are taking fundamental rights away from their shareholders. We want CanniMed shareholders to be able to make their own choice, and we remain open for discussion at any time to explain the strong merits of our Offer. CanniMed's Board and management claim they are protecting their shareholders, but their actions say the opposite."
SFUN: Float of 235.43 million shares with 11.19% short. The stock price has been following a fairly stable upward channel for 4 months and is currently trading at the bottom support. Thursday produced a nice hammer candle indicating that the bulls took over at the end of the day.
SORL: Float of 7.95 million with 20.12% short. Relative Momentum Index is very strong for this company right now. I'm anticipating a big squeeze soon, due to the percent short, once the volume starts to pick up.
SORL Auto Parts, Inc. SORL, headquartered in China, specializes in the development, production and distribution of automotive brake systems and other key safety related auto parts. The company's customer base consists of original equipment manufacturers, aftermarket distributors, and international customers. The stock has experienced solid estimate revisions. In fact, the Zacks Consensus Estimate for full-year 2017 earnings has increased 25.4% in a month’s time.
SORL also announced today it has recently won major supply contracts from the Shanghai Municipal Transportation Commission. SORL is the exclusive supplier of electric air compressors to all buses for Shanghai's municipal bus route 71. SORL is also the exclusive supplier of electric air compressors to all buses for Shanghai's first Bus Rapid Transit ("BRT") system. In addition to the BRT contract, there are over 2,000 public buses in Shanghai's municipal transportation system currently using electric air compressors made by SORL.