Magnum Hunter Resources Corp. MHRC
We really couldn’t have laid things out more plainly on Wednesday morning with respect to MHRC. We mentioned that we’d followed the stock all the way from our initial alert on 11/16 from a low of .021 to Tuesday’s high of .074 for a total increase of 252%
We then made it a point to remind our readers that there were still gaps to the upside to fill on the chart, which created the real possibility for further gains. The first gap we identified was from .08-.15 and sure enough, MHRC rose to meet the challenge, nearly filling that gap in its entirety.
The stock began from a morning low of .065 and reached as high as .146, which worked out to an intraday move of 125% and brought our overall observed range (.021-.146) to a mammoth 595%
We still need to keep a close eye on MHRC moving forward. The stock closed with strength at .137 on heavy volume, retaining its momentum-play status.
AgriEuro Corp. EURI
EURI was another momentum mover that up until Wednesday’s report had already shown us a 400% swing to the upside, and it too made a sizable intraday run leading into the holiday break.
The stock traded in a daily range from 1.15 to 1.69 giving traders a shot at modest yet solid intraday profits of 47%
We may look to cut-and-run from this point, as EURI has just been relegated to Caveat Emptor status by OTC Markets.
The Bon-Ton Stores, Inc. BONT
We’ve had success tracking BONT in the past, and this week has been a case of history repeating. We executed a textbook bottom bounce call on BONT, tagging it on Monday before observing a low of 1.25, and both Tuesday and Wednesday’s sessions produced bigtime advances of the chart.
It led to a high of 2.49 Wednesday, (+99%) leaving us just one percent shy of a perfect double-bagger on the week.
Pfizer, Inc. PFE – Options
Despite the recent uproar of excellent calls on various stocks, we didn’t want to break for the holiday without submitting a quick options-trading idea, and the one we identified was PFE Weekly $31-32.50 Calls, based on the premarket activity we were observing Wednesday morning.
Significant intraday spikes occurred in each set of contracts within that range, including a pair of four-baggers!
$31 Calls – Trading Range: 1.13-1.92 – Max Gain: 70%
$31.50 Calls – Trading Range: .62-1.60 – Max Gain: 158%
$32 Calls – Trading Range: .24-1.20 – Max Gain: 400%
$32.50 Calls – Trading Range: .13-.66 – Max Gain: 408%
If the bullish activity continues along a similar trend during today’s short session, we may look for quick-strike opportunities in a higher strike range. We’ll radar the PFE Weekly $32-33.50 Calls, but just remember that trading ceases at 1PM Eastern today, at which time all weekly options will expire!
DBMM, FDBL, HPTG, IFCR, LTNC, EFUT, KBIO, AEZS