FreeSeas, Inc. FREE
After we brought FREE to our readers in last Thursday’s report, the stock was trading as low as .675. It turned out to be a good bottom call for us, as we have now seen two consecutive days of higher lows, and yesterday FREE attained a high of .91 into the close.
That marked a two session move up of 35% and as the stock closed at the high of day, we’re going to want to monitor FREE for momentum carryover into today. We’ll also be looking for another session of higher lows and higher highs to signify that the uptrend remains on-track.
Doral Financial Corp. DRL
We’ve been tracking DRL since June 9th, (Trading at a low of 3.53) and in that span, we’ve seen some significant movement from this stock.
Last Thursday, in an update on DRL we mentioned that we’d pay careful attention to the stock “over the next handful of trading days.” That turned out to be a good idea, as we’d observe a low of 7.08 on Friday, and a subsequent high of 8.14 during yesterday’s session, a solid increase of 15%
Counting from the initial low we observed in DRL in June, yesterday’s high represented a gain of 130%
Banro Corp. BAA
We have a potential bottom-bounce play in BAA this morning. We caught this one on a routine scan and noticed how it has taken a huge dive over the past few weeks. After closing at .479 on 07/09, the stock came all the way down to close at .181 this past Friday.
The stock has begun to find support and bounce off of its base over the past couple of sessions, so we want to keep a close eye on BAA moving forward.
Yesterday’s Extended Watchlist Movers
We also had a couple of plays off of yesterday’s ‘EW’ that fared well.
TROV
TROV made a nice move from a low of 3.75, on up to 4.78, an intraday gain of 27%
MOBI
MOBI also gained some ground as it traded in a range from 7.47-8.60, for possible gains of 15%
Extended Watchlist:
ARO, SKH, FCEL