Amkor Technology, AMKR
We’re going to take a little break from our typical focus today, and have a look some pure stock plays that we feel have some good potential. So our first billing on this Monday morning is going to be AMKR.
The stock has been searching out a bottom over the last few sessions, which it has found around the upper $10-level, and has just received an upgrade and $16 price target from Credit Suisse. Accordingly, we’re going to place AMKR on extended watch for the possibility of a notable rebound from the current PPS.
Bellerophon Therapeutics, Inc. BLPH
Another stock play we’re focusing in on today is BLPH, a symbol we’ve had some experience with in the past. After a lackluster summer, the stock appears to be gearing up for a potentially fruitful fall season. It recently reversed off of a bottom, and we’re going to want to place this one on watch for an extended term as well.
BLPH tested the $20-25 range back in May, and we are going to hang around to see if it can mount a similar effort as we head into the holidays.
Kontrol Energy Corp. KNRLF
Speaking of stock plays, we had included a mention of the OTC stock KNRLF in our watchlist on Thursday morning. The low from that day came in at 2.12 and on Friday, it reached a new high of 3.88 marking a two-day swing of 83%
It also ended up closing out the week with strength very near that daily high, so we’ll have our eyes peeled for a possible continuation of that momentum.
Fresh Options Idea:
LEN Weekly $78-80 Calls
CHND, RBII, HGEM, OMID, DNAX, BABL, HNCKF