Tandem Diabetes Corp. TNDM
First up this morning, we want to recap the performance of TNDM, since slating it for observation on April 11th. The following day, the stock found support at 6.62, and hasn’t looked back since.
Yesterday, after what has been a bullish period that has already persisted for weeks on end, the stock hit a new high of 11.30. That works out to an upswing of 71% in just a shade over a month, and the highest PPS the stock has seen for more than eight months. We’re not that far off from seeing TNDM test the highs from its huge run back in August of last year.
Stein Mart, Inc. SMRT
We also would like to backtrack to a call we made even earlier in the year that has made some excellent long term progress. We signaled interest in SMRT back on March 16th, and in these past two months the stock has done little else but continue to bull its way upward.
From the 1.33 low we witnessed shortly after that alert, SMRT has gone on to reach a high of 3.35. That works out to a gain of 152%
The Home Depot, Inc. HD – Options Idea
HD was already looking a bit top-heavy, and that’s before the company released a an exceedingly disappointing quarterly report.
We’re going to want to track a range of bearish options ideas to correspond with the present situation- the HD Weekly $187.50-182.50 Puts.
INO, YUMA, NTLA, TVIX, UBQU