Franchise Holding International, Inc. FNHI
It’s about time that we came back to rehash one of our top performing stocks of the month in FNHI this morning. We’ve been continuously monitoring this play all February, since our initial alert which came on the 8th, subsequent to which we would observe a low of .0061 in the stock. We continued to follow up on this play, including reminders in last Friday’s report, and on Tuesday as well.
It’s been quite a ride since then, as FNHI has gone on to barrel into Pennyland, and eventually break both the two and three cent marks.
Yesterday the stock reached an impressive new high of .0357, which represents an overall upswing of 485% in just a shade over two weeks! Big congratulations go out to anyone who got involved and reaped some serious rewards off of this fantastic subpenny-to-penny mover!
Northern Dynasty Minerals, Ltd. NAK
We spotted a potential recovery play in NAK, which has gotten beaten up in recent sessions, but is exhibiting the traits of a stock that could be headed back up in sessions to come.
Whenever we see a bottom-bouncing stock which has established support at a previous resistance level, especially one this oversold, we’re always on the lookout for the possibility of a rebound. We’re going to keep NAK on our radars indefinitely, as we feel that a significant push back to the upside could be just a matter of time.
Fresh Options Idea
Foot Locker, Inc. FL – For a quick options trading idea this morning, we’re going to signal a range of longer-term contracts in the Foot Locker chain. Our targets, the FL 03/17 $70-75 Calls will have plenty of time to see the type of activity we’re looking for, with exactly three weeks until expiration.
Cemtrex, Inc. CETX – Quick Reminder
We tagged CETX as a bottom play in yesterday’s report, and we just wanted to update readers on its healthy performance. The stock traded up from a daily low of 3.51 to 4.43, a gain of 26% which is a good start to the recovery we were hoping to see.
We’ll continue to have our eyes on this one, as a return to 5, 6, or perhaps even 7 dollars is not out of the realm of possibility in weeks to come.
AAOI, SFOR, SNMN, CNXS, BTSC, GAHC