Verastem, Inc. VSTM
With impressive new highs being printed yesterday we thought it was a good time to swing back around and recap the recent progress of a stock we’ve been tracking since early this spring. A quick look at the VSTM tag in our archives reveals that we began tracking this play with a mention in our premarket report on March 24th at which time the stock saw a low of 1.59 and never went any lower. That was followed by another reminder just a few weeks ago when the stock was trading in the 2.10’s.
Despite the usual fluctuations, the stock has been in an ascending wedge pattern on the chart from our initial highlight, generally trading in an upward direction and yesterday, hit new highs of 3.75. From our observed low of 1.59 that works out to a total increase of 142% For those who may have only caught the most recent mention, gains of up to 95% were still attainable as of yesterday’s new high.
Kitov Pharmaceutical Holdings, Inc. KTOV
We included KTOV in yesterday morning’s premarket report after picking it up on our routine morning scan. The stock responded with a very nice daily performance.
From a low of 1.80 it ripped 100% to 2.70 for a perfect double-bagger, and it did so on extreme high volume on the order of 155X the monthly average. With that kind of price action and liquidity, we’ll be certain to keep close tabs on KTOV as we close out this holiday-shortened week.
ProShares Short VIX Short-Term Futures ETF (SVXY) – Options Idea
After some positive jobs numbers went out this morning, we want to signal a range of options in the SVXY, which is one of the funds we use as a market analog. A bullish session for the markets as a whole could spell some nice gain opportunities in the SVXY Weekly $152-154 Calls*.
*We don’t include mentions of weekly options contracts on a Friday without explicitly warning our readers every time. Trading weekly options at the end of the week is a highly risky proposition that should never be attempted by beginning or novice traders!
Extended Watchlist:
DGLY, GLBS, MARA, AVEO, HTGM, AFSI, CNAT