Interpace Diagnostics Group, Inc. IDXG
We had a few solid performers from yesterday morning’s report, but IDXG was definitely the cream of the crop. We saw a huge initial surge out of the gate followed by a steady ramp-up for the remainder of the session.
From a low of .3619, IDXG traded as high as 1.20, which represents an intraday run of 232% and it occurred on more than eighteen times the 30-day average volume. Not only that, but it managed to close above the dollar mark at 1.01. With price action and momentum like that combined with the fact that we’re seeing another gap-up here in the premarket, we’ll defintiely be on the lookout for further activity today, possibly in the form of a dip-and-rip scenario.
The big move was largely catalyzed by the release of a PR alluding to the fact that Aetna has agreed to cover Interpace’s ThyraMir™ test for all of its 46 million members. (>>View Full PR)
MJP International Ltd. MJPI
MJPI extended its gains yesterday and secured its status as a multi-day runner. We tagged this stock on Wednesday at a low of .85 and witnessed a decent run to 1.18 (+39%). Yesterday we recapped its performance, including the very bullish close and high volume, and mentioned that a continued run could be in the cards.
We turrned out to be spot on in our assessment, and MJPI persisted in its uptrend, trading up from a morning low of 1.20 and reaching a new high of 1.63. That worked out to an intraday push of 36%, and extended our two-day gains on this play to a highly-respectable 92%
Options Recap
Twitter, Inc. TWTR – After furnishing us with double-bag gains yesterday, our target contracts that we initially put forth last Thursday, the TWTR 01/20 $19 and $20 Calls, recorded some modest intraday gains and added to our cumulative totals.
01/20 $19 Calls – Range: 1.33-1.70 – Max Gain: 28%
01/20 $20 Calls – Range: .94-1.22 – Max Gain: 30%
There is a gap on the TWTR chart that runs from roughly $21-24, and with a 01/20 expiration, we’ll continue to track these options, and if it appears the gap will begin to fill, roll up our strike prices accordingly.
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Fresh Idea:
Wynn Resorts Ltd. WYNN – We’re looking for a possible recovery play for WYNN in the wake of a damning China UnionPay policy change that implements further restriction of the maximum daily allotment for ATM withdrawals in Macau. With 60% of WYNN’s revenue coming from Macau, the stock got hammered during yesterday’s session.
It appears as if some measure of a recovery will take effect this morning, with the stock gapping up in the premarket, so we’re going to be monitoring the WYNN Weekly $96-98.50 Calls for potential quick-strike trades.
Extended Watchlist:
IMUN, PIOI, LEXG, AXPW, ACNV, MSTX
