Tag: MACK

PLUG, BLDP, MACK & Extended Watchlist

Plug Power, Inc. PLUG
–
We had a feeling that PLUG was going to continue its run yesterday, as stated in our daily report, and once again our instincts served us well. The momentum built up in this stock on Wednesday as it made a 23% move to close out the session on more than 6x the 3mo. average volume was impossible to ignore.

After opening at the key resistance point we outlined (1.45) PLUG briefly dipped to 1.43 and then barreled upward as it touched a high of 1.96, an intraday gain of 37% on roughly 14x the average volume. The momentum continued to build in PLUG and we continued to follow along closely. Remember, our coverage of this play goes back a long way, since the stock was trading in the .11-range.

This morning, the stock is gapping up above 2.00. The current pre-market high of 2.19 represents a gain of 1804% from the low following our first ever PLUG alert back on Feb 28th. The gain from our recent re-alert at a low of 1.04, at this morning’s high, stands at 111%

PLUG has certainly surpassed any expectations we had for it, and as you can see on the chart below, it appears currently overbought, which means the time to take profits off of the table is fast approaching. For newcomers, we believe the best action would be to patiently await a dip, and subsequent rebound, as has occurred several times this year.

Ballard Power Systems, Inc. BLDP

BLDP appeared on our extended watchlist on Wednesday, at which time the stock was trading at a low of 1.34. This morning, we are witnessing a gap-up on a PR that hit the wire post-market yesterday, with trades currently going off in the 1.80-range. We’ll want to keep an eye on the activity here as we close out the week, so we’re reserving a spot on our tickers for BLDP.

VANCOUVER, Dec. 5, 2013 /PRNewswire via COMTEX/ — Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Van Hool NV, Europe’s fourth largest bus manufacturer, in support of the manufacture and further deployment of zero emission fuel cell buses.>>>FULL STORY

Merrimack Pharmaceuticals, Inc. MACK

MACK is another play we’ve been tracking recently, mentioning it for the first time on November 8th, when it was trading as low as 2.40. Like the previous play, MACK is gapping up this morning to the tune of more than 100% with shares changing hands for more than 4.80.

CAMBRIDGE, Mass., Dec. 6, 2013 (GLOBE NEWSWIRE) — Merrimack Pharmaceuticals, Inc. (MACK) today announced that Phase 1 data evaluating safety of the novel agent MM-302 in patients with advanced HER2-positive breast cancer will be presented at the 2013 San Antonio Breast Cancer Symposium (SABCS), December 10-14, 2013 in San Antonio, Texas.  >>> FULL STORY

Extended Watchlist:
GERN, BOSC, CPST, FCEL, PSUN, ENZN, ETAK, OCLS

AAPL, DUSS, ZOOM, ILST & Extended Watchlist

Apple, Inc. AAPL – Options

In Friday’s daily report, we were focusing in on AAPL options. We were watching the $550 Weekly Calls, which dipped as low as .66 before running as high as 8.35, a remarkable intraday move of 1165% They would close the session strong at 6.50. We had also added the $555’s to our radar. Those were as cheap as a nickle, and ran as high as 3.35, for an astonishing 6600% rip. You didn’t read that wrong. We said six-thousand, six hundred percent! Even the $560 Calls (that we mentioned would be a target provided AAPL broke through the $557-mark) traded in a vast range from .03 up to 1.51 (+4933%).

AAPL Options were certainly a trader’s paradise on Friday, so congratulations to anyone who caught our morning report and was able to get in on the incredible action! We’re looking for the upward momentum we saw in AAPL to continue into this week, and wouldn’t be at all surprised to see AAPL at, near, or above $600 by the end of 2013.

Dussault Apparel, Inc. DUSS

We mentioned Friday that if DUSS hold support above the .0007 area that we would remain interested in the stock. It managed to do more than that, trading in a daily range from .0008-.001, giving traders the chance at up to a 25% intraday gain.

We’re tracking DUSS following an announcement that the company would be shifting focus to the mining sector by acquiring some mineral claims, and so we’re going to want to follow that story to its conclusion. The claims, referred to as  “Montauban Gold Tailings” could mean a significant revenue stream for the company if they begin producing gold. While it’s still quite early in this developing storyline, it’s worth keeping an eye on moving forward.

Zoom Technologies, Inc. ZOOM

ZOOM came off of our watchlist on Friday and turned out to be quite an aptly-named stock. It zoomed upward from a low of 5.96, and afforded folks the chance at up to 39% in intraday gains as it touched a high of 8.30.

This comes on the heels of Friday’s announcement that the company had entered into a letter of intent to possibly acquire Baifen Tonglian IT Co., Ltd. which is one of China’s leading mobile ad services providers.

International Star, Inc.  ILST

ILST was another play from our radar on Friday, and it played out a classic dip-and-rip scenario during the day’s session. After touching a low of .002, the stock would rally to close at its high of day at .0028. That was good for an intraday opportunity at a gain of 40%

Extended Watchlist:
ARIA, CAMT, ALU, FRO, CTIC, BOSC, WYY, NLST, MACK

ARIA, CAMT, MACK, ECPN & Extended Watchlist

ARIAD Pharmaceuticals, Inc.  ARIA

Lately, our scans have  certainly been yielding some profitable plays, and after appearing both in Friday’s extended watchlist and yesterday morning’s report, ARIA claimed its place as the next big winner to add to that list. As we approach Thursday’s holiday hiatus, we are expecting market activity to taper as people begin to travel to their holiday destinations and generally prepare for upcoming festivities. We may decide to suspend Wednesday’s newsletter, barring some unforeseen development that may need relaying.

But for now, let’s talk about the big day ARIA had for us yesterday. After opening at 4.06, the stock came back to a low of 3.92  before running up to close at 5.13. The Northerly movement continued post-market, and the stock is gapping up this morning, so we don’t want to let ARIA slip from our radars now. Remember, this stock was trading as high as the 17.00-range as recently as last month, so it still may have some ground to recover.

So far, from Friday’s low of 3.30, the bounce on ARIA has afforded us the opportunity to make up to 55% profit (at yesterday’s closing price) and we suspect that figure could continue to grow today.

Camtek Ltd.  CAMT

CAMT came off of yesterday’s extended watchlist after it had been gapping up in premarket trading, and continued to roll throughout the day. We witnessed a move from 4.11 to a high of 5.29 on 58x the 3mo. average volume, qualifying this as a serious momentum play.

It appears CAMT will gap up once again (currently trading above 6.00) so we have our eyes peeled for continued upward activity today.

Merrimack Pharmaceuticals, Inc. MACK

On November 8th, MACK appeared in our daily report, at which time we mentioned a “big gap on the chart between the 3.00-3.40 level” that would bring us excessive gains if filled. We went on to mention the key point to watch for was a break of the 3.00 mark, and we did in fact witness that event this past Friday.

The move we were watching for did come to fruition, and the party may not be over yet; the stock is currently trading in the 3.50-range, so we will be very interested to see what happens today. We’d like to see MACK hold support at the 50DMA of 3.26 in order for it to have a good chance to pile on some added gains.

El Capitan Precious Metals, Inc. ECPN

ECPN hit our scanners today as a stock coming off of a recent consolidation that followed a big run on the chart. In early October it ran off of its 52-wk low (.055) and would subsequently hit .41 (Nov 13th) before pulling back to find support at .1142 last Thursday. Since that time it has been logging higher lows and higher highs, so we’d like to see a continuation of that trend which could make ECPN fall under the category of a solid recovery play.

We prepped a video chart on ECPN, click below and take a look:

Extended Watchlist:
ECTE, IMUC, ONVO, MBIS, OTIV, ICLD, BLRX