Connexus Corp. CNXS
After initially tagging CNXS on Thursday May 25th amid a major spike of bitcoin hysteria, we witnessed a low of .0007 in the stock, and in the six sessions that have followed it has been building up quite a head of steam.
From that initial observed low, CNXS has gone on to hit a high of .003. which represents a very nice move of 329% while volume over this recent period has been heightened considerably.
We’ve been noticing a few other newsletters finally catching on, but to our knowledge we were the first to the party on CNXS. We’ll continue to monitor its progress moving forward, and will remain interested provided it holds support at or above a previous area of resistance at .0018 on any pullbacks.
FitBit, Inc. FIT – Options Idea
After sitting on the sidelines for many months on FIT, and watching the stock get crushed, we’ve seen it beginning to come up off of its recently established 52-week lows and are beginning to see it as a potential value play.
If our inkling is correct, a play of FIT stock itself would likely work out rather well over the longer term, but as our readers are aware, we like to try to score big with options plays when an opportunity presents itself.
In this case, we’d like to signal a range of extended-term contracts with an August expiration, namely, the FIT 08/18 $5-7 Calls. This will give us plenty of time for FIT to restablish itself and hopefully mount the recovery that appears possible given the current look of the chart.
Celsion Corp. CLSN
Speaking of bottom plays, we’re noticing that CLSN has recently registered a new annual low on Wednesday, and has been attempting to gain some traction and come up off of that bottom.
With the stock very close to extreme oversold territory, we’ll want to place it on watch as a possible rebound play.
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