Today’s Watchlist
First watchlist in a while after a couple of weeks of blog inactivity due to life events. Last week was an eventful one in the penny stocking world, both on the long and short sides. I took some small losses in shorting $GENE due to bad timing for the most part and covered rather quickly in order to limit them.
In any case, here is my watchlist for today.
Potential Shorts
$GENE |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
1.6157 |
1:2.3 |
★★ |
$0.3-0.5/sh |
Short |
Notes |
$GENE has been an irregular stock for weeks now both on the long and the short sides. The price has been downtrending and is expected to fall down even further. |
Concerns |
Very irregular stock, lots of traders getting burned everyday because of bad timing and choppy behavior |
$CYTX |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
0.125 |
1:2.2 |
★★ |
$0.3/sh |
Short |
Notes |
This stock has been overextended for the last couple of days, way off its lows without any major catalyst, making it a good candidate for a short. |
Concerns |
The price may spike some more even though the stock had its first red day on Friday |
$CYCC |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
$0.1929 |
1:3.3 |
★★ |
$0.3-0.5/sh |
Short |
Notes |
Similar to $CYTX, makes it a potential short considering the overextension of the price without any notable catalyst to push it up. |
Concerns |
Just like $CYTX, the price may spike some more before it drops |
$ARQL |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
0.1357 |
1:4 |
★★ |
$0.3-0.4/sh |
Short |
Notes |
Price for this stock has been overexetended in comparison to its 6 month chart with no particular catalyst to push it up, which could mean a drop in price. First red day on Firday. |
Concerns |
May spike some more before it drops down. |
Potential Buys
$UNXL |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
0.3971 |
1:4 |
★★★ |
$0.4-0.75/sh |
Long |
Notes |
Earnings winner on Friday, spiked from $5.50 to a high of $7.08 closing at $6.83. This can probably spike some more today, and possibly also be a dip buy. |
Concerns |
Earning winners have failed to continue on their momentum, bearish market. |
$SSE |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
0.4693 |
1:4 |
★★ |
$0.3-0.4/sh |
Long |
Notes |
Earnings call today, potential buy if price action is there to show that it is worth buying. |
Concerns |
Not a confirmed earnings winner, just watching as a potential buy if announcement proves worthy and price action shows for it |
$STNG |
ATR |
Risk/Reward |
Rating |
Goal |
Bias |
0.2514 |
1:2 |
★★ |
$0.3-0.4/sh |
Long |
Notes |
Uptrending stock over the last few days with earnings call today. This is a potential buy depending on price action and volume. |
Concerns |
Not confirm earnings winner, but given the price action over the last couple of days, price may spike when announced. |
Compressed List
$GENE $CYTX $CYCC $ARQL $UNXL $SSE $STNG