Bioflamex Corp. BFLX
Over the weekend, we were conducting a search for some momentum plays to monitor this morning, and came across BLFX, a sub-penny stock which has just recently awakened from a relatively dormant period. These types of plays, while highly volatile, have definitely provided us with opportunities in the past.
After breaking a previous resistance level, the 200DMA (.0006), the stock held above that mark on Friday. A heavy influx of buying has come in over the past couple of trading days, and it closed out last week in full-on momo-mode.
Today, we’ll need to see BFLX maintain support above the 200DMA, and crack though the psychological barrier at .001 in order for us to remain interested in this play.
SKY440, Inc. SKYF
In the course of another of our routine weekend scans, we caught wind of another runner. SKYF has had significant momentum building up over the past couple of sessions, so this is going to be one that we want to keep on our watchlist as trading for the week commences.
As we point out on the chart below, all indicators are looking bullish and like the aforementioned play, SKYF is another one that we’ll need to see hold support above the .0006-level to hold our attention.
OBJ Enterprises, Inc. OBJE
We tagged OBJE as a bottom watch play on Friday, and like clockwork, the stock came down to find support at .04, and would subsequently bounce back to .0545, for a 36% positive intraday move.
Today, we’re looking for higher highs and higher lows out of OBJE to confirm a sustained uptrend.
Extended Watchlist:
WCUI. CPST, IDN, CERE, RSH, JCP