Force Protection Video Equipment Corp. FPVD
We identified .036 as a key point of resistance that we wanted to see broken, and not only did that happen, but the stock smashed through and kept on running to an impressive new high.
It traded in a range from .022 on up to a nickel, for an intraday gain of 127% which occurred on roughly 7 times the three-month average volume. From our observed low on Tuesday, it represented a session-over-session swing of 198%
The previous resistance we mentioned at .036 will now be the level FPVD will need to hold support at or above in order to maintain our attention going forward.
Wal-Mart Stores, Inc. WMT – Options Idea
We’ve had some excellent fortune recently with earnings-related options plays in the retail sector, and the opportunity to take advantage of yet another one may be ready to present itself today in the form of WMT.
Increased revenue for the quarter has led the retail giant to increase guidance for the remainder of the year, and the news is causing a notable gap-up here in the premarket. As the activity unfolds, we’ll be looking to possibly take advantage of WMT Weekly $73.50-76 Calls.
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