OWC Pharmaceutical Research Corp. OWCP
We hardly need to tell our regular readers that we caught and alerted OWCP last Thursday at a low of .0045, because it has appeared in every single one of our premarket reports since then.
It’s rare to come across a multi-day runner of any duration, but one that continues for the span of an entire week without so much as a hiccup is really something special. Yesterday the stock parlayed its four-day head of steam into another great intraday run from .0261-.0468, a jump 79% That new high represented an overall five-session swing totaling 940%
Huge cheers go out to anyone who has participated in this epic run, which is part of the cannabis space, a sector that we’ve been tracking more closely as the landscape has been heating up. We’ll continue to track OWCP, not only for the potential of continued momentum, but for the eventual consolidation and subsequent bounceplay that’s sure to arise when that occurs.
Cannabis Pharmaceuticals, Inc. CNBX
Speaking of the cannabis space, another related play that appeared in yesterday’s report went on to have itself quite a nice single-session performance.
CNBX traded in a daily range from a low of .06 to .0819 on more than triple the monthly average volume, and closed at that high. That was good for a 37% move, and with the bullish close to consider, we’ll certainly want to keep a close eye on CNBX for the possibility of continued momentum.
Catalyst Pharmaceuticals, Inc. CPRX
We’d also like to take a minute to update readers on the performance of CPRX over the past couple of weeks, a stock that we tagged for observation back on September 16th. On that day we observed a low of .99, and CPRX hasn’t dipped below that point since.
Over the past couple of sessions, things have really ramped up, with the stock setting a new high of 1.58 yesterday, up 60% from our witnessed low. That occurred on the third highest traded volume in the stock’s history, and the highest number of shares traded in a single day since 2013.
Aurinia Pharmceuticals, Inc. AUPH
While we’re on the topic of pharma plays we’ve tagged recently that have taken off to new highs, we also have to make mention of AUPH. We placed this stock on watch in Monday morning‘s report, and the ensuing run has been solid enough to warrant continued observation.
From a low of 3.07, the stock traded up to 4.13 (+35%) on roughly four times the monthly average volume, and is gapping up this morning to around $5, extending that figure even higher.
Fresh Options Idea – Disney Co. DIS
We like the current setup of the DIS chart, and the chances for a long-term recovery, so we want to signal a range of extended term options calls to correspond with that.
We’re going to radar the DIS 11/11 $94-96 Calls and keep track over them in the weeks ahead. .
QTM, VNR, FRO, CERU, DRRX, CPS