AXPW ensured that we started off the week with a bang yesterday with a monumental single-session performance. We placed it in our morning report after a routine scan showed some abnormally high premarket volume, and it essentially spent the entire day bulling its way to new highs.
From an early low of .0421 the stock would ultimately reach a share price of .159 just prior to the close. That worked out to an intraday rip totaling 277% on record volume.
AXPW closed just two ticks below its high-of-day at .157, and with this kind of frenzied momentum, we’ll be certain to follow the activity as things kick off today.
The stock has traded as high as .2601 in this morning’s premarket, extending the total move we’ve seen in a 24-hour period to 518% There’s a very good chance that the run-up will catalyze significant profit-taking, which will ultimately lead to an opportunity for us to time the bottom, and play the rebound.
Huge congratulations go out to any of our readers who were able profit from AXPW as a result of our premarket alert!
Indo Global Exchanges Pte Ltd. IGEX
IGEX was another stock from yesterday’s new watchlist that also did extremely well, becoming the second multi-bag gainer before the day was through . We referred to it as a “super-sub-penny momentum play”, and the momentum certainly was sustained throughout the day.
From its daily low of .0006, the stock barreled its way up to close at its high-of-day at .0013; an intraday run of 116% which occurred on volume that approached 10X the monthly average.
Like the aforementioned play, we’ll remain vigilant for the possibility of continued momentum and/or a subsequent dip-and-rip scenario of which we can take advantage.
Amedica Corp. AMDA was the other notable intraday gainer from yesterday’s newsletter. AMDA made a strong move from .40 to .497, which represents an increase of 24%
FreeSeas, Inc. FREE
This stock is an old favorite that we’ve tracked to some very nice gains in the past. We want to draw attention back to it this morning as it is beginning to show signs of life after a months-long consolidation beat the stock back to new 52-week lows. We always like to monitor stocks coming off of annual low-points; very often they lead to excellent chances on the rebound.
The stock ran hard into the close yesterday on extremely heavy volume, so we’re going to we’re going to tag FREE as a momentum/recovery play, and watch it intently as we head into mid-week. .
Extended Watchlist:
ACUR, MEA, OPTT, GBSN, PULM
