Nate’s Food Co. NHMD
First up today is a recap of NHMD, a stock that we’ve been continuously tracking since February, and one that has brought us multiple chances to profit. We revisited it in March after witnessing a consolidation to our observed low of .0012. It has since rocketed to new highs, breaking through its 200DMA and running to .014 yesterday. That marked an impressive run of 1066% over a span of less than two months!
We’ll be anxious to observe to followup activity to that huge spike. Ideally, we’ll see NHMD hold support at or above its 200DMA of .0115 on any pullbacks.
Cliffs Natural Resources, Inc. CLF
CLF was included in yesterday’s report after noticing a number of bullish indicators forming on the chart. It’s going to remain on our radar after the stock responded with a subdued but respectable performance on the day, as well as gapping up further in the premarket today.
So far we’ve only seen a 12% rise from this play, but will still be observing closely moving forward as it just cracked the 50DMA in a bullish manner, in addition to recently receiving an analyst upgrade as well as exhibiting significantly heightened volume.
New York & Company, Inc. NWY – Update
We wanted to take a minute this morning to update our readers on a recent bottom-watch call we made, and reiterate our interest in tracking its activity over an extended term.
We called attention to NWY in our premarket report from a week ago today, and while it has yet to really blast off, our timing in pointing out the bottom was about as good as it could have been. It has managed to establish higher lows in each of the four sessions since then, despite only seeing a marginal trading range of 11%
The stock remains heavily oversold, and as such will continue to have a slot of our watchlist moving forward on the chance that a more significant rebound is in the cards.
BOSC, IMNP, OPGN, APHD, PACD, VMEM