MarilynJean Interactive, Inc. MJMI
Our first order of business this morning is to rehash the recent performance of what has become one of our best picks of this month on the stock side of things. We first alerted MJMI exactly three weeks ago on the 4th, and would subsequently observe a low of .091 the very next session, from which the stock hasn’t looked back.
Volume has been excellent during the entire fifteen-session span that we’ve tracked the stock, and yesterday MJMI reached an amazing new high of .575. That works out to a fantastic increase of 532% in a relatively short time. A quick peek at the chart below shows the incredible move clearly.
In the event of a pullback off of this latest spike, we’ll be looking for the stock to maintain support at or above the 200DMA of .353.
Xtera Communications, Inc. XCOM
We’re always on the lookout for a good bottom-bouncer, and it appears that we’ve found an interesting candidate this morning, which has just undergone a crazy 48 hours.
The stock made a huge run yesterday off of its recently established annual lows, filling the gap on the chart and then some, before settling into close in the fifty-cent range. This morning in the premarket we’ve seen the stock changing hands in the .60-.74 range, so we’re very interested to see how the activity will unfold in-session.
We’ll want to see this morning’s premarket low of .60 hold as support on any pullbacks.
Boston Therapeutics, Inc. BTHE
We also want to provide a quick update on BTHE today, which was a mention in yesterday’s extended watchlist.
Despite not seeing any liquidity in the early part of the morning, eventually the wheels began to turn, and we saw a nice afternoon run from .125 to .17; an intraday upswing of 36%
Fresh Options Idea: Tiffany & Co. Just beat on earnings this morning, so we’ll be montioring the TIF Weekly $71-74 Calls for potential daytrades and/or swing trades into tomorrow.
NYMX, RGIN, NTEK, AXMM, SPHS, NETE