Monday’s Watchlist Movers
iBio, Inc. IBIO – A quick search of IBIO in our archives reveals a lengthy history of mentions. We have definitely seen some impressive moves from this play in the past. History tends to repeat itself, and did so once again as IBIO stood out on yesterday’s extended watchlist.
The stock made a solid intraday move, trading in a range from .72-.89. That was good for gains of up to 24%, and the move came on great-than-average volume. We’re going to keep a continued watch on this play; if it manages to break through its recent resistance area around 1.00-1.05, things could get very interesting from there.
Microvision, Inc. MVIS – This one appeared in yesterday’s gap-up watchlist, and it too would make a modest, yet solid move. The stock made a continual move-up in the first two hours of trading, rising from a low of 2.88 to a HOD of 3.44. That marked out an intraday gain of 19%
Morning Gapper Watchlist
These stocks are hitting our scanner today as they gap up in the premarket, and we’ve got options ideas corresponding to each:
Esperion Therapeutics, Inc. ESPR has released top-line results on one of its studies, noting that the trials have met their primary endpoint. In light of that, the stock is up big in early trading this morning. This is going to be a situation we’ll want to monitor as the session commences.
Options Ideas: ESPR 04/17 $90 Calls (Last traded at 3.50) for a longer-term swing trade idea. For shorter-term day trading opportunities, we can look to play in-the-money Weekly Calls, in the event that any dip and rip scenarios present themselves.
- Esperion Therapeutics Announces Positive Top-Line Phase 2b Results for ETC-1002 Added to Stable Statin Therapy in Patients With Hypercholesterolemia (Tue 7:30AM EDT)
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American Airlines Group Inc. AAL announced today that it will now be listed on the S&P 500, and as a result, it’s trading up in the premarket.
Options Idea:AAL 04/02 $55 Calls (Last traded at .23)
- AAL to join S&P 500: CEO (Tue 8:05AM EDT)
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Apple, Inc. AAPL is also opening up new avenues as it prepares to join the Dow Jones Industrial Average. It will replace AT&T(T) officially at the end of trading tomorrow. It too is gapping up in the premarket.
Options Idea: AAPL 04/02 $129 Calls (Last traded at 1.01)
Propanc Health Group Corp. PPCH
PPCH had already made a substantial move prior to our mentioning it in our daily report for the first time last Thursday. On that day we would witness a low of .0126, and in the few sessions since, the stock has begun to make yet another run.
Yesterday, PPCH topped out at a daily high of .027, which marks a 114% swing over our observed low.
Extended Watchlist:
IJJP, LLBO, BDE, GLUU, ARTX, NBY