6/5/17

RH

Can be played long as shorts are currently being squeezed, but on any very large deviations from price @ $46+ I'd look to play it short. Currently setting up for a short @ $50 - $51 resistance. Preferred Strategy: Long / Short

 

MYGN

4th Consecutive Up-Day for MYGN. With volume and price holding above $21, I could see this making a move to $22 - $23 over the next 1 week period. Larger cap stock so slower moves are expected. Watch for options plays. Preferred Strategy: Long $21 Support

CLSN

May make a move tomorrow if there is volume in the premarket. On the very lower end of floats so we may see some continued action. Preferred Strategy: Buy on 300K Volume Per Minute After 9:45AM.

 

NAKD

Potential short on any large upside moves. Very bearish stock with a high float. Watching for a spike to short into, longs should look for an entry around $1.50 support. Definitely not a chaseable momentum play. Better on the backside short. Preferred Strategy: Short Backside

HK

Looks like a reversal is starting to form on this one with more attention coming into the energy sector. Moves on very thin volume so a base above $6 would give me confidence to play this. Preferred Strategy: Buy $6.00 Support On Volume

HUSA

Currently breaking out into new 52 week highs. Tends to consolidate after these spikes so not too confident in another move. Watching the $0.55 baseline for support. Preferred Strategy: Buy $0.55 Consolidation

Currently holding: AEZS, HTZ, SBGL

 

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