Leading into this week, VLTC had been under consolidation following its epic run to new 52-week highs earlier in April. On Wednesday, the stock ultimately found support at 8.14 and by the time it had reached its daily high yesterday the stock had rebounded back to 11.65, a 43% swing.
VLTC did maintain the majority of its daily gains into the close yesterday. and this morning the stock is gapping up quite substantially with a premarket high of 12.34 already having printed.
There appears to be a key area of resistance around $14, and we’ll want to see VLTC hold support at or above its recent swing low of 8.14 on any pullbacks, in order to keep our interest.
Fresh Options Ideas:
We’ve got a few candidates for potential options trades as we close out the week. Please note that we’re referring to Weekly Calls which are on the cusp of expiration, so these would be for quick-trigger daytrades only. For swing trades into next week, one could look at 05/08 or 05/15 contracts.
Expedia, Inc. EXPE – $97-$99.50 Calls
FireEye, Inc. FEYE – $42-$43.50 Calls
Skyworks Solyutions, Inc. SWKS – $94.50-$96 Calls
Pazoo, Inc. PZOO
We want to touch base with PZOO this morning as we’re noticing a new PR hitting the wires. The stock consolidated for the first time in nearly a month this week, coming down off its recent high of .0204. Yesterday it held a penny as support and, we’ll want to see the stock maintain above that level as the week draws to a close.
TODAY’S NEWS:WHIPPANY, N.J., May 1, 2015 (GLOBE NEWSWIRE) — Pazoo, Inc. (OTC:PZOO), is pleased to announce that members of its staff will be attending several investment and marijuana conferences over the month of May. Pazoo is also pleased to announce it will have a booth at the 4th Annual Marijuana Business Conference and Expo, America’s largest national cannabis trade show, being held in Chicago, May 19-21.
With Pazoo’s family of companies about to begin operations, numerous Pazoo representatives will begin attending several upcoming marijuana conferences, with the first one in Chicago, Illinois, followed by a conference in Augusta, Maine. The Home Grown Maine trade show and expo, is New England’s largest and best Medical Marijuana Expo. Due to the greater than anticipated attendance from last year’s show, over 4,000 attendees, expo management changed locations to host this event in a larger facility to accommodate an expected exponential increase in the amount attendees expected for this year’s show…>>> FULL PR
Extended Watchlist:
OCN, JDST, LLNW, KEG, INO