We’ve tracked AVEO in our reports from Wednesday and yesterday to what has turned out to be a strong intraweek swing. From Wednesday’s low of 1.50, the stock surged to a new 52-week high of 3.50 early in yesterday’s session, during which it traded more than thirty times its 3-month average.
It marked a two-day move of 133% which began when the company released favorable drug trial results on Wednesday. Strangely, the PR (View It Here) seemed to go largely unnoticed by the investment community until yesterday. Despite that fact, we showed up early to the party, and had a heck of time watching others catch on, producing yesterday’s annual high-setting push.
After consolidating into the close, AVEO appears to be gapping up slightly this morning, so we’ll stay tuned to the price action as the session unfolds.
Holiday Island Holdings, Inc. HIHI
We played HIHI like a fiddle this week; it’s yet another example of us providing our readers with advanced notice on prime-time chances to profit.
We alerted folks to the situation in our premarket report on Wednesday, at which time the stock was trading at a low of .0015. Word of a massive share reduction via purchase and return to treasury hit the newswires early, providing us with all the incentive we needed to include it in our daily interests. HIHI proceeded to run more than 70% over the course of that afternoon.
Then yesterday, we caught wind of a promotion on the stock with which we had no involvement, and it prompted us to remain focused on HIHI. We mentioned that the promo might produce “an impeccably-timed boost to extend our profits as we look to take them off the table” and it worked like a charm. The stock ended up touching a new high of .003, marking a two-session swing of exactly 100%.
Morning Gapper Watchlist
While a Friday preceding a holiday weekend is usually a relatively subdued affair, there are a couple of items hitting our scanner that we’ll be monitoring for opportunities. Each of the following is gapping up in the premarket:
Emerald Oil, Inc. EOX
We drew up a chart to illustrate the situation on EOX. The stock was kicked hard during yesterday’s session so we’ll be on alert for some rebound action today.
Oncothyreon, Inc. ONTY
ONTY is the other gapper that will retain a portion of our of our focus this morning.
Quick Options Trading Ideas:
Apple, Inc. AAPL has been on a wicked run all week, so we’ll watch for a dip-and-rip scenario; the $131 and $132 Weekly Calls should be in play today.
For Petroleo Brasiliero SA (Petrobras) PBR, we’re going to zero in on $9.00 & $9.50 Weekly Calls.
Extended Watchlist:
FRO, EROC, NBS, STEM
