Brookmount Explorations Inc. BMXI
Having written our daily newsletters for such a long time, occasionally we run back across a stock that we haven’t seen in quite some time, and that was the case with BMXI. Before yesterday’s signal on it, we hadn’t mentioned it since May of 2012 back when it was regularly trading in the subpenny range.
It found its way to our radar screens and into our premarket report yesterday morning on word of a promotion (Disclosure: We were not involved in the deal), and what followed was one of the biggest breakouts the stock has ever had. From a low of .0831 it soared to a new all-time high of .1279 . That’s an intraday gain of 54% which came on enormous volume.
Delta Air Lines, Inc. DAL – Options Idea
Our regular followers know that we’re always on the lookout to take advantage of the hype-fueled moves that stocks tend to make following an earnings report, using their options chains. Delta whiffed on profits this quarter, falling well short of expectations on the Street, and despite issuing solid guidance for Q3, we want to signal a range of short-term puts to watch into the end of the week.
DAL stock was already at a top, and in a price range where profit-takers could be a factor as well. For that reason, we are going to radar the DAL Weekly $55.50-53.50 Puts.
OncBioMune Pharmaceuticals, Inc. OBMP
OBMP had an update that it issued this morning on its mid-stage cancer treatment (>>View PR), but our interest is really being drawn to this play for technical reasons.
As you can see below, the stock recently established a new annual low, followed by a rebound off of that low, and now it is making its way back down to find support. We will be interested in this as a potential rebound play in the event that the stock maintains support at or above a nickel. We’re presently looking at an impending bearish cross on the MACD so we’ll see if the stock can hang in there without losing more than a penny off of its current PPS.
SPEX, XGTI, CODX, OCLR, CIE, AAOI