Momo, Inc. MOMO
We began tracking MOMO on Friday after noticing the stock coming off of a bottom, and we’ve seen an appreciable move to the upside in the ensuing sessions.
The stock is gapping up this morning on a strong earnings report (>>View Highlights), reaching a high of 12.73 in the premarket. We caught MOMO at a low of 11.52 on Friday and have thus far seen an 11% increase, so we’ll want to leave it on the radar and watch for higher lows and higher highs.
NQ Mobile, Inc. NQ
Speaking of earnings plays, we’re going to be tracking NQ closely over the next couple of sessions. The stock has been trending off of a bottom for the past three sessions and this morning, we’re seeing the stock gap up considerably.
Things are likely to get interesting as the company is slated to release earnings post-market today, and a big PR hit wires just an hour ago.
Today’s News: NQ Mobile Inc. Enters into a Definitive Agreement for the FL Mobile Divestment (>>View PR)
Hercules Offshore, Inc. HERO
We’re also going to be monitoring HERO, which, like the aforementioned stock, has been establishing a solid move up off of recently-registered two-month lows.
As you can see on the included snapshot of the chart, HERO went on a massive run from the .70-range to more than 4.00 from February to April. Indicators are ripening for what could be the next big leg up after the recent consolidation, so we’ll be sure to keep an eye peeled for the possibility of a continued upsurge.
The Children’s Place, Inc. PLCE
PLCE is yet another bottom-bouncer with earnings that is gapping up in early trading. We’re going to signal a range of options contracts for observation to possibly take advantage of the momentum. Our target range is going to be the PLCE Weekly $70-75 Calls.
Our daily live traders chats are a great way to get involved with what we do. Regular participant DJ spotted another big runner and shared with the room shortly after the opening bell. We saw it at .03 before it went on a monumental run to hit a high of .465 on news with TOMS Shoes. Gains of over 1500% were possible. Feel free to join our traders chats by sending a Skype request to user ‘stocksumo’.
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