Del Mar Pharmaceuticals, Inc . DMPI
We wanted to swing back around to recap the solid performance of DMPI since we tagged it the day after the Christmas break a couple of weeks back.
It was just a couple sessions later that the stock would find support at .96, and begin a pretty substantial run up the chart. It was helped along by the last six consecutive sessions registering higher base levels of support as the stock has crept all the way up to a high of 1.75, recorded on Friday.
That worked out to a move of 82% in less than two trading weeks, while volume over the same period has been heightened. The high coincided with the current 200DMA, so we’ll look for DMPI to possibly crack that 1.75 mark and head for blue skies.
Kohls Corp KSS
We want to include an options idea for Kohls as we kick off the first full trading week of 2018, on the heels of a solid earnings report.
The company posted strong sales for the holiday season, while giving a significant boost to full year guidance. Shares jumped accordingly in premarket trading, and we are going to be waiting with some targeted weekly contracts to coincide with the activity. We’re going to signal and track the KSS Weekly $58-60 Calls.
STX, UEPS, ARGS, SDRL, VRAY, NTEC, IMNP, KBSF
Neptune Technologies & Bioressources, Inc. NEPT
We want to follow up with NEPT this morning as the stock continues to break out to new highs. We originally slated this one for observation back on November 28th, and it has been a near-continual uptrend since then.
Subsequent to that November report, we would witness a low of 1.30, and as of the newly registered annual high of 3.10 yesterday, it marked a run of 138% in just over four weeks, with volume having been especially impressive this week. That high also represents
We will continue to track NEPT as long as it continues to register higher highs and higher lows. It is a cannabis play, but based in Canada, and thus relatively unaffected by recent statements from the DOJ which caused a selloff in many domestic pot stocks late this week.
ChinaNet Online Holdings, Inc. CNET
Speaking of multi-year highs, we tagged CNET in yesterday’s morning report, just in the nick of time to catch the first bullish activity the stock has seen since 2014. An unexpected entry into the crypto space via a new partnership (>> View PR) sent shares through the roof.
CNET traded up from a low of 2.76 and went on to hit 11.90, marking an intraday run of 331% on an all-time high number of shares traded on the day. Course correction is likely, but we’re defintely going to want to keep tabs on CNET moving forward, as dip and rip opportunities may present themselves.
ANY, AMRN, IMNP, DNLI, MARA, MYSZ, VRAY,
uniQure N.V. QURE
We included QURE in our premarket report on Thursday, after the company’s hemophilia gene therapy treatment was advanced to Phase III testing.
What followed was an enormous influx of volume, and two really solid, bullish sessions, advancing from a low of 11.55 on Thursday to a new high of 19.34 on Friday. That works out to a very respectable two-day swing of 67%
It’s the highest PPS QURE has attained since 2015, and the two sessions come in at numbers 1 and 2 highest volume days of all time, so we’d say our alert was timed with absolute precision.
Organovo Holdings, Inc. ONVO
We included ONVO in Friday morning’s extended watchlist, and it also put up a pretty good performance on the day.
From a low of 1.45, the stock traded as high as 1.80 on fairly heavy volume. We’ll want to see the stock continue to establish higher highs and higher lows as it’s coming off of its bottom.
PetMed Express, Inc. PETS
We’d like to signal a post-earnings options idea for PETS this morning, after the company set new records with its Q2 numbers. It’s gapping up significantly in the premarket, and the volume it traded on Friday leading into the release was the highest all month. We’re going to put the PETS 11/17 $40-50 Calls on watch moving forward.
TISA, IMNP, LBIX, GEVO, KALV, ATNM, ATOS, XNET