Friday’s Notable Moves
Each of the following plays exhibited appreciable upswings on Friday afternoon after having appeared in our reports for the day and days prior. We’ll have each of these stocks on watch for the possibility of continued momentum this morning:
Nate’s Food Co. NHMD
NHMD covered the most ground as it traded in a range from .0019-.0035 on Friday, running 84% intraday and closing at the high of day on volume to the tune of well over five times its 3-month average. We’ll certainly have an eye out for further activity as we open things up on this holiday-shortened trading week.
Guided Therapeutics, Inc. GTHP
We latched onto GTHP early last week and would see a nice little two-day run from the stock to finish it out. Our observed low came on Thursday at .0102, which gave way to a subsequent high of .015 on Friday, marking an overnight increase of 47%
Sparta Commercial Services, Inc. SRCO
SRCO was a steady climber on Friday which traversed its way from .0025 to .0031 over the course of the day, which represents a modest yet notable 24% rise. It too qualifies for sustained monitoring as a possible momentum play, having closed at its high mark for the session.
ProGreen Properties, Inc. PGEI
We want to put PGEI on our radars this morning as well, not only for the momentous session it had on Friday, but also due to the content of the PR released by the company early this morning.
Following up from a release they put out in January, the company announced the completion of a joint venture agreement that puts them on track to develop a 300-acre property of proposed farmland in Baja California, Mexico in time for this year’s growing season. We’ll be interested to follow along for further updates on that project as well as watch the chart for short-term opportunities.
SPDR S&P 500 ETF (SPY) – Options Idea
On Friday the markets enjoyed the biggest single-session rally since 2009. With oil rebounding as well, and the S&P having demonstrated a definitive reversal over the past couple of sessions, we’ll want to start the week off monitoring some SPY Options. Our target area is going to be the SPY Weekly $188-191 Calls.
SMFG, PGH, ETE, CSIQ, RMTI, BFGC, GBSN, XBIO,