Plug Power, Inc. PLUG
PLUG turned in a solid session yesterday, as anticipated, following its appearance in our morning report. Initially, the stock opened at 1.04, made a 12.5% move to 1.1699, and would settle back to the 1.04 level before running up to a daily high of 1.28 for an added 23% intraday gain opportunity.
Following a strong close just a tick below the high-of-day (1.27) we’re going to be following this play once again, as the momentum could easily carry it even higher. As you can see on the chart below the next key area of resistance to watch for a break comes at the 1.45 level. We’ll need to see the stock hold support above a dollar, or it could pull back to fill the gap on the chart back to the .80-range.
Information Architects Corp. IACH
We’ve been tracking IACH via our Extended Watchlist for most of the week. The stock recently made a huge 1800% move from .001-.019, prompting us to put it on our radar, monitoring for pullbacks and subsequent bounce opportunities, and it delivered just that.
After dipping back to .008, we saw a rebound back to .013, and a strong close at .012. Gains of up to 63% could have been achieved on the bounce.
China Auto Logistics, Inc. CALI
We also want to keep an eye on CALI, which popped up on our pre-market scan as it is gapping up heavily on the heels of a morning press release.
TIANJIN, CHINA, Dec 05, 2013 (Marketwired via COMTEX) — China Auto Logistics Inc. (the “Company” or “CALI”) (NASDAQ: CALI), a top seller in China of luxury imported automobiles, and a leading provider of auto-related services, reported today that on November 30, 2013, its subsidiary, Tianjin Binhai Shisheng Trading Group Co., Ltd. (“Shisheng”) signed an equity transfer agreement with Hezhong International Development Co, Ltd. to acquire Tianjin Zhonghe Auto Sales Service Co., the owner and operator of the Airport International Automall in Tianjin (the “Automall”). The Company plans to develop the Automall into a key site for what it believes can become one of the largest used car businesses in China.
Apple, Inc. AAPL Options
With the way AAPL has been gaining a head of steam lately, it seems plausible to imagine the stock surpassing $600 as we head into the new year. As a result, we are putting the 01/18 $585 Calls on our radar which closed at 12.25 yesterday, meaning the break-even point is 597.50. What we’re looking for, is to see the stock push past to the $610-15 level in January, which could provide triple-digit gains for the 01/18 $585 Calls.
The company finally signed a deal with China Mobile to get its iPhones on their network, as reported by the The Wall Street Journal this morning. China Mobile is comprised of over 700 million users, which obviously represents huge opportunity (in a market more than twice the population of the US) for Apple to boost foreign sales moving forward.
CBMX, DRYS, MTG, FREE, FCEL, EGLE, LIVE, OCZ