IceWEB, Inc. IWEB
Yesterday, we mentioned that if we could “see IWEB make higher lows, and find a level of support at .03 or better”, we would remain optimistic about this stock. We’re happy to report that after running up 23% on the day to .042 and nearly testing the 200DMA followed by a consolidation, it managed to close at .0325 on its highest volume since early April.
That makes the third major spike we’ve seen from IWEB in just under a month and every time, we’ve been ready and waiting to pounce on each bounce, because the trend is our friend! It’d be a good idea to monitor IWEB for higher lows and higher highs in anticipation of a possible fourth run from the stock in as many weeks.
Groupon, Inc. GRPN
Groupon earnings have the stock looking like a gapper this morning- We’ve been monitoring GRPN on our extended watchlists over the past few months, putting the stock on watch this spring and seeing a subsequent run-up from the 6.00-range to recent levels over $10.
Tesla Motors Inc. TSLA
Another play we’ve mentioned in the past is gapping up on earnings today. What we’re likely looking for in TSLA is a run-up, consolidation, and eventual bounce. Option-trading opportunities may be presented by this one, more specifically in the $140 & $145 Calls.