Camtek, Ltd. CAMT
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Hidden gems are quite often found in our daily Extended Watchlists, and yesterday CAMT was the standout play. The stock had a monstrously strong trading day, bulling its way continuously upward for the duration.
The landmark session started at a morning low of 3.42, and culminated at a high of 5.14 just minutes prior to the close. That solid move was enough to afford traders up to 50% in intraday gains, and it occurred on volume which was 40-times greater than the 3-month average.
The commotion was caused following an announcement that CAMT has launched its next-gen semiconductor product line, and apparently has already received advance orders from some unnamed “leading device manufacturers”. >>>Read the full PR here.
GW Pharmaceuticals, Inc. GWPH
The last time GWPH appeared in our reports was back on June 23rd. We were hailing it as being among our most successful plays of the year, as our prior tracking of the options chain had led to chances at gains amounting to more than 3000%
We pointed to a revitalization of the cannabis sector as one of our other primary reasons for being interested in GWPH, and the action of the stock in the couple of weeks since then proved that our assessment was warranted. Following a low of $88.73, we witnessed a subsequent 26% run to 111.46.
Over the past three sessions, GWPH has tapered back to fill a gap on the chart (as we point out below) so we are once again placing the stock on watch, to find support here, and potentially bounce back up over the $100-mark.
Once we see a solid level of support established and GWPH begins to rebound, then we’ll be able to adjust our options-trading strategies accordingly.
Extended Watchlist:
TXMD, GRPN, NURO, DNDN, CVM, LIVE