Santa Fe Gold Corp. SFEG
SFEG, a stock we’ve been continuously tracking since Friday morning, has provided us with ample opportunities to profit in each session since then. The first day, a move from .0115-.0165 was good for gains of up to 43% To open up the week on Tuesday, it amazingly ran from .0194 all the way up to .044, an added move of 127%
Then in yesterday morning’s premarket report, we relayed to our readers that a dip-and-rip scenario could be in the cards granted the rapidity with which the stock shot up in the prior session. That’s exactly what came to pass, as SFEG peeled back slightly to an even .04 in the morning before gathering a head of steam that would carry it up to a new high of .065!
It went down in the books as an intraday gain of 62% and from our observed low of .0115 on Friday, it marked an incredible three-session swing of 465% Big cheers go out to anyone who took advantage of this momentum-mover! Stipulating that the stock must hold support at or above yesterday’s swing low of .04 to hold our attention, we’ll be on the lookout for further opportunities from this point forward.
Gold Resource Corp. GORO
Speaking of momentum, we’re going to circle back around to GORO this morning for an update on its recent progress. We flagged this play for observation just under two weeks ago and subsequently witnessed it trading as low as 3.19 , and in the last four sessions, the stock has done a good job of both recording higher lows and higher highs, as well as logging a higher trading volume each day.
From a low of 3.41 a week ago today, GORO hit a high of 4.69 yesterday afternoon, which marks a solid upswing of 38% Over the aforementioned observed low, it represented a total move of 47% in a matter of six sessions. We’ll be following this play for as long as it continues to exhibit signs of bullishness, building a higher base level of support in sessions to come.
Marinus Pharmaceuticals, Inc. MRNS
We also want to quickly draw some attention to MRNS, which gave a strong bottom-bounce signal yesterday in addition to having a simply monstrous gap on the chart to fill to the upside, and positive signals abounding. The RSI has just escaped heavily-oversold territory, while the MACD has just crossed in a bullish manner.
We’ll definitely want to keep this stock on our radars as we head into the end of this short week, and possibly into next week as well, since the filling of the gap you see below would mean gains of over 100% from the current PPS.
Extended Watchlist:
IWAL, NUVM, PTCT, HAIN, BMRN, COSI(Bottom Watch)