SOLID RUNNERS
We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day.
INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%
There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
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Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.
From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.
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FRESH OPTIONS IDEAS:
Lululemon Athletica LULU Weekly $177.50-182.50 Calls
Duluth Holdings, Inc. DLTH 08/16 $15-17.50 Calls
RH, Inc. RH Weekly $120-118 Puts
Extended Watchlist:
SMRT, LTBR, NAKD, AMR, ADT, RRGB, YUMA