TerraForm Power, Inc. TERP
TERP was the stock from yesterday’s track list to really catch our attention with a strong intraday performance. The daily low of 8.07 came within the first ten minutes of trading and we’d see a run to 9.89; a 23% pop.
We’d characterize that as a solid single-session gain for a stock in this price range. It maintained the majority of its daily advance, and did so on roughly eight times its 3-month average volume.
The whole event was apparently caused by a surge in investor interest based on the comments of high-profile hedge fund manager David Tepper as well as an analyst upgrade. There’s also been a recent influx on attention for the energy sector as a whole. It will be very interesting to see how the stock forges ahead, especially when this morning’s PR (Link to PR) is added to the equation.
Monarch America, Inc. BTFL
We’ve also taken notice as a stock we tagged for tracking last Monday has built up a good head of steam and gone on a nice two-day run this week. BTFL saw a low of .0021 on Monday, and yesterday reached a high of .0094 which marks a swing of 348% for this subpenny mover.
We’ll stay on its trail just as long as it continues to build a higher base level of support going forward.
Energy Finders, Inc. EGYF
EGYF is another play we put on our radars early last week that has produced some exciting swing action in recent sessions. When we first put it on our watchlist it was as low as .0055, and subsequently ran to .0082 the following day (+49%).
That was followed by a dip to .004 on Monday morning, before it broke to a high of .0087 yesterday (+117%). We’ll want to continue to keep an eye on it, considering the fact that it has broken prior resistance on its way to new highs.
Fresh Options Idea – Yahoo, Inc. YHOO
We’re going to signal a range of options contracts that we find attractive this morning as well. YHOO is gapping up in the premarket, so we’re going to be on the lookout for activity in the Weekly $34-35.50 Calls.
Extended Watchlist:
MCOA, LEXG, VTCQ, TTCM,