April 15th was the day we brought APP back into the conversation, because if you recall, this is one of our old-time favorites that we turn to around the same time every year for the predictability of its seasonal trading patterns.
Right off the bat, APP did not disappoint- that day we saw a low of .47, and on Tuesday, the stock reached as high as .6895, marking a positive move on the chart of 47% in only a week.
After the resistance at the 50DMA (.68) the next hurdles come at .80, .91, and 1.05. We’ll be continuously monitoring this play over the next several months as it tends to ramp up in price over the course of the summer heading into the height of the retail season.
Zogenix, Inc. ZGNX
ZGNX is a stock that is catching our eye due to the current setup of the chart. If you track back to November, you can see that the stock ran from its current levels to more than 5.00 by February.
We are looking at it now, as it is coming off of a recent bottom, and is gapping up this morning in pre-market activity (Currently trading over $3.00). The RSI is in a general uptrend, and a quick look at the MACD reveals an extremely bullish divergence on the heels of a recent cross.
We just want to throw ZGNX up on our radars at this point, because a return to February highs would mean potential gains approaching 70% from current levels.
Extended Watchlist:
INFN, ZGNX, CLSN, KOOL, IBIO,