ImmunoGen, Inc. IMGN
We were hoping for a strong start to the week yesterday, and IMGN was among those stocks to provide us with the spark to get it going. We tagged this play in yesterday’s extended watchlist after noticing it gapping up pretty heavily in the premarket.
From its opening price of 11.48, the stock soared as high as 15.88, a single session spike of 38% on volume that exceeded the 3-month average by more than ten times.
We’ll always continue to keep watch over a stock on the tail-end of such a momentous burst, as there may be rebound opportunities presenting themselves on any pullbacks.
Auri, Inc. AURI
Speaking of bounceplays, AURI ended up turning in an impressive intraday performance yesterday. Just as we were patting ourselves on the back for catching a 92% pop in the stock on Friday, we explicitly suggested that there could be added opportunities forthcoming, stating:
“We won’t disregard the possibility of a bounceplay once the stock establishes firm support, so we’ll be on the lookout for that.”
We didn’t have to keep a lookout for long, because after dipping down to find support at .003 quite early in the session, the stock banged out another huge move for us, running all the way up to .0064. That marked an intraday swing of 113% and occurred on nearly three times the monthly average volume.
We’ll keep our eyes on the price action as the week progresses, being interested to see how this morning’s publications of New Shareholder Updates & Current Status and new sales distribution channels are received.
Oncothyreon, Inc. ONTY
We also flagged ONTY in yesterday’s report, and it made a notable intraday move as well. The stock traded in a range from 3.78-4.69, providing folks with the chance at modest intraday gains of up to 24%
Our timing in re-alerting this play yesterday was beautiful, as the daily high also registered as a new 52-week high. When calculated from our observed low of 2.80 following our initial alert on the stock on May 22nd, it comes in at an overall increase of 67% in just over a week’s time.
DirectView Holdings, Inc. DIRV
As we’re all aware, 2015 has been a year of heightened tensions between civilians and law enforcement, showing the growing need for more oversight into police operations. We successfully used the beginning of this trend to trade TASR options earlier this year, and we’re going to radar DIRV as a similar type of play in the microcap arena .
Like TASR, the company produces body-worn cameras, the implementation of which has been an exponentially growing trend in cities across the country this year. This morning we learned that the company has been testing on a special line of the products that includes mobile broadband technology. >> READ PR
In addition, DIRV is building a cherry of a chart at the moment, as we point out with the annotations below. We’ll place it on our watchlist moving forward.
PLUG Power, Inc PLUG
We recently rementioned an old favorite, PLUG, and said that we wanted to see it get back to trading above its 50DMA and the stock has done that. It has been doing a good job of holding support above that mark (Currently 2.61) and we wanted to point out the PR that hit the wires this morning.
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