Provectus Biopharmaceuticals, Inc. PVCT
We want to submit PVCT as a potential bottom-play candidate this morning after noticing the stock register a new annual low last week, followed by the recording of higher lows in the two sessions that followed.
We’re going to place the stock on watch for the possibility of an extended rebound, which would certainly be long overdue.
Alcoa, Inc. AA – Options Idea
After a disappointing earnings call this morning leading to a gap-down, compounded with the chart having been on the toppy side to begin with, we may be looking to go short on Alcoa, and the way we do that is by formulating some options trading targets.
The ones we’re particularly interested in are the AA Weekly $32-30 Puts, which could be in line for significant moves to the upside if the stock continues to lose ground once the session commences.
GreenGro Technologies, Inc. GRNH
GRNH, like several other stocks operating in the cannabis space, has been seeing increased activity of late. We’ve experienced this trend leading up to elections in previous years, and especially with a major vote for recreational usage coming up in California less than a month from now, we’re going to plan on keeping a close eye on anything tied to the sector until further notice.
After signaling GRNH in a report last week and observing a subsequent low of .0651, the stock continued to make appreciable moves to the upside, trading up from .0815 to .09518 (+17%) yesterday, and an overall 41% increase.
MyDx, Inc. MYDX
MYDX appeared in our report yesterday for the first time in awhile, and the stock made a solid intraday increase for us.
From a low of .0258 it reached as high as .034, a 32% rise. The move occurred on more than twice the monthly average volume, and the PPS only slid back to .0329 into the close, so we’ll certainly want to keep monitoring MYDX for further opportunities as the week progresses.
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