Wynn Resorts, Ltd. WYNN – This play was part of a casino-related watchlist we put together at the beginning of this month, and it has essentially spent the last two weeks in a constant uptrend, culminating in a new 52-week high yesterday.
Despite having been in blue sky territory for so long, we’re still interested in setting a range of options calls to track over the next couple of sessions. The outlook on Macau gaming is bullish, and as a result, a lot of folks have casino stocks like this one on high alert. We’ll have the WYNN Weekly $108-110 Calls on watch today and tomorrow.
Aerie Pharmaceuticals, Inc. AERI – We’ve got a news-related runner in AERI this morning, which is soaring in the premarket today on the heels of positive trial results for its eye pressure drug.
To be ready to take advantage of the intraday activity in this play, we’ll be monitoring the AERI Weekly $30 & $35 Calls for possible daytrade opportunities.
AMC Networks, Inc. AMCX
We’re interested in flagging AMCX today after noticing the stock has just fallen to a new annual low on Monday, and indeed its lowest prices since January of 2013.
In the ensuing two sessions, higher highs and higher lows have been achieved off of that bottom. The stock is heavily oversold at present, and we’re going to place it on a long-term recovery watch.
Axion Power International, Inc. AXPW
We’ve been awaiting a bottom on AXPW for quite some time now, and it appears to have finally come this week. Just like the above-mentioned play, the stock hit a new 52-week low on Monday, and has made some steady progress in making its way off of that bottom over the past couple sessions.
This stock was trading at the .03-level less than three weeks ago, and a return to that area on the chart would be good for multi-bag gains from current levels, so we’ll be continuing to keep a close eye on this one as well.
BSPM, NAVB, ACST, HOTR, BAS, ENRJ