The stock is coming off of recent lows, and is showing some signs of life on the heels of improved earnings released today, presently gapping up past the 50DMA, up 10% in the pre-market, and trading in the high 2.70’s. We’re going to want to watch closely as the stock reacts to some favorable numbers:
In Ovations Holdings, Inc. INOH
INOH popped up on our scanners this morning as a sub-penny play with bottom-bounce potential. The stock is coming off of a recent sub-.001 bottom, and began to rebound during yesterday’s session.
INOH had a rapid spike to more than .008 back in June, so we know the potential for a move is there, and will keep a close watch over INOH in coming sessions.
Side Notes:
PGT, Inc. PGTI
Speaking of bottom bouncers, we just wanted to make a quick mention of yesterday’s extended watchlist play, PGTI. The stock gapped up and reversed course, trading in a daily range from 8.76 – 9.77, an intraday move of 11.5%. We’ll be looking in on PGTI today to see if it can maintain course.
NQ Mobile, Inc. NQ
NQ has made repeat appearances in our reports, most recently July 21st, and since that time, has been trending off of its own bottom. Even after several sessions of positive trading, we want to pay special attention to NQ following word of a possible buyout:
NQ Announces Receipt of Non-Binding Proposal to Acquire All Outstanding Shares of NQ (Wed 8:38AM EDT)
Extended Watchlist:
JDST, TXMD, GSVC, INAP, GEVO, S