ZaZa Energy Corp. ZAZA
We tagged ZAZA last Thursday on the heels of an earnings beat, and at the time, we mentioned that we’d put the stock on watch for a classic dip-and-rip scenario.
While it took more than a full session for it to settle back and find support, it did so on Friday, bouncing off of the 2.87-mark. Yesterday ZAZA continued to trend off of that bottom and reached a subsequent high of 3.60. For us, that marks a three-day turnaround on ZAZA with possible gains of up to 25%
In order for us to remain interested in ZAZA, we’ll need to see support hold at or above the 50DMA of 3.24.
Geron Corp. GERN
We also want to make mention of GERN, which we put on watch Friday after the company announced it had licensed its cancer treatment to a unit of Johnson & Johnson in a contract that could reportedly be worth up to $935 million.
After seeing a low of 2.72 from GERN initially on Friday, the stock began to rebound up to yesterday’s high of 3.10. (+14%) and appears to be gapping up slightly in the premarket today.
Folks might be interested in tuning in to the live webcast of GERN presenting at the Stifel 2014 Healthcare Conference in New York, NY today at 1:50 p.m. EST. Webcast link can be found at GERN’s Website, HERE >>>
Gainers From Yesterday’s Watchlist
NV5 Holdings, Inc. NVEE
NVEE made a decent move during yesterday’s session, trading in a positive range from 10.60-12.40, offering up the chance for a 19% intraday gain.
Amicus Therapeutics, Inc. FOLD
Another modest yet notable mover came in the form of FOLD, which increased from a low of 6.22 and reached 7.10, a move of 14%
JNUG, AUY, DNDN, UEC, ONVO