Puration, Inc. PURA
It seems that the majority of the stocks we’ve seen make big moves in 2017 so far, are in some way related to the marijuana sector. To start things off this morning we want to go back and retrace our steps with PURA, which began on Thursday the 12th.
We saw a nice initial 30% jump, followed by a consolidation down to .03 on Tuesday, and for the rest of last week it was one bullish session after the other. The impressive run culminated in a new high of .075 on Friday, which stands as an intraweek upswing of 150%
With such good price action and volatility, we’ll be sure to leave PURA on our massive running watchlist that essentially includes all high-liquidity stocks in, or related to, the cannabis space.
Rocky Mountain High Brands, Inc. RMHB
Speaking of cannabis related, RMHB was new to our reports on Friday, and it too is trying to capture a chunk of the consumables market with its hemp-infused food and beverage products.
The stock put up a solid move in its first session on our radar, making an early run from .092 to a high of .137. That works out to a 49% intraday pop, and any play posting those types of single-session numbers could certainly have more in store for us, so we’ll keep RMHB on our watchlist as well.
VanEck Vectors Gold Miners ETF (GDX) – Options Idea
The dollar has been looking shaky of late, as the various unknowns of a new administration has characteristically injected an element of fear into the marketplace. As a result gold has been on a month-long climb, and in the event that trend continues to carry, we’ll want to have an associated options idea at the ready.
One of the funds we like to trade for its correlation with gold is GDX, and in this instance, we’re going to put the GDX 02/10 $24-25.50 Calls on watch over the next several sessions.
CBIS, MCOA, HEMP, MYHI, OWCP, TRTC, USMJ,