Interpace Diagnostics Group, Inc. IDXG
Yesterday morning, we were mentioning our call of IDXG from last Thursday, and subsequent run from a low of .72 to more than a dollar. It had reached a new high at 1.28 in the premarket and we said we wanted to see it register higher highs and higher lows en route to a more sustained rebound.
So far we’ve gotten just what we were looking for from IDXG, with the stock posting an intraday run of 24% from 1.17-1.54 for yesterday’s session. It pushed the overall move we’ve observed in under a week’s worth of trading into double-bag territory, having risen 114% thus far.
It was helped along by yesterday’s announcement that a large healthcare provider would be covering the company’s thyroid cancer screening tests, which is now covered for up to 250 million Americans. We’ll continue to keep a spot on our radars for IDXG, which was trading over the $2-mark as recently as May.
Alibaba Group Holding Ltd – Options Idea
Shares of BABA are streaking to new highs this morning as the company posted a solid beat on profits and revenue in its premarket earnings report.
The last time we visited an idea in the BABA chain was back on June 8th, when we signaled $140-145 Calls and saw them register single-session gains ranging from 1167-3160% so we are definitely familiar with what can happen in an ideal situation.
Today, given the fact of another similar scenario where earnings lead to a large gap up into blue skies, we’re going to be tracking contracts in the range of the BABA Weekly $162.50-170 Calls.
Extended Watchlist:
BTSC, BTCS, GAHC, IDDR, SDLP, GST, SSI
