Pleasant Kids, Inc. PLKD
PLKD was one of a couple of stocks from yesterday’s premarket report to produce solid performances during yesterday’s session, leaving the door open for some tidy gains. We had noticed it building momentum in the previous session, and thought it seemed ripe for some further advances.
From an early low of .075, we watched as the stock steadily rose until lunch hour, when it registered a high of .105. That hashes out to a 40% intraday swing, and it came on more than three times the 30-day average volume, continuing the trend of momentum.
Ideally, PLKD would hold the 200DMA of .0599 as support on any upcoming consolidations. Failing that, we would need to see the stock hold at a minimum of .04 in order for us to remain interested.
Vape Holdings, Inc. VAPE
VAPE was the other play to work out nicely yesterday. If you recall we were just mentioning in our morning report that we had witnessed a low of .021 last Tuesday, and that the stock had registered higher highs every day since.
That pattern was sustained yesterday; following a dip to a daily low of .046 early on in the session, VAPE would go on to record a new high of .0685. That marked an intraday swing of 49% and a total increase of 226% over our observed low from last week.
Fresh Options Ideas
We took a little break from formulating options ideas yesterday, but we’ve got a couple of new targets to monitor this morning. Both of the following stocks are gapping up heavily this morning, so we’ll be looking for a dip-and-rip in both cases:
TripAdvisor, Inc. TRIP – For TRIP, provided it can maintain support at or above the 200DMA (77.95) on the dip, we’ll be looking at the Weekly 78.50-82.50 Calls. We’ll also radar the Oct. 30th $85 Calls for a possible longer-term play in the event the stock retraces and fills the gap back to the $92 area.
SanDisk Corp. SNDK – On SNDK, we’re going to be tracking the Weekly $65-68 Calls, and will remain interested if the stock can hold above 64.50.
Extended Watchlist:
CDNL, NESV, PJET, AMZZ