Box Ships, Inc. TEUFF
For the second day in a row yesterday, TEUFF provided us a chance at appreciable intraday gains. On Wednesday, following its inclusion in our premarket report, the stock traded in a solid range from a low of .018 to .0276 for a 53% jump that day.
The momentum continued, spilling over into yesterday dipping slightly in the morning to .0246 before ripping its way up to .035. That worked out to an intraday move of 42%, and an total increase of 94% over our observed low from Wednesday morning.
It marked the fifth consecutive session that TEUFF has posted higher highs and higher lows, and we’ll stay hot on its trail for as long as it continues to do so.
Ocular Therapeutix, Inc. OCUL
We tagged OCUL for observation yesterday as well, and it made a modest but notable move itself, from a low of 5.09 to 5.95; a 17% jump. Perhaps the biggest story with this play is the massive amount of buying that flowed into the stock in a single day. At 7M shares traded, it fell just a tad shy of its all-time single-session volume record (02/15/16, 7.2M).
With that kind of accumulation in effect, we’ll want to leave a slot on our radars open for OCUL in sessions to come.
Viper Energy Partners VNOM
We’re noticing a potential opportunity with VNOM this morning, a stock that is showing some signs of life after what has been a rough couple of weeks. We’re also taking notice of a huge Form-4 buy that came in earlier in the week, to the tune of $31M at an execution price of 15.60.
Yesterday the stock broke the 200DMA in a bullish manner, and it appears to be filling the gap on the chart left by the recent backslide. We’re going to track this play for the possibility of an extended recovery, and also tag the VNOM 09/16 $15 and 17.50 Calls for observation.
Extended Watchlist:
CBR, SGMO, RAX, EPE, MRK, STAF