After we caught FLST and put it on watch as a bottom play yesterday, the stock offered up a chance at modest gains on an 29% intraday swing that took it from .0045 to .0058.
FLST managed to make higher highs and higher lows on Thursday, a good sign that it could be on its way to a more significant move. Should it achieve the same feat today, it could end up being a play that follow into next week.
Remember, we indicated the tight share structure on FLST yesterday, meaning that a relatively small amount of buying pressure could lead to a substantial increase.
The company also launched a new website yesterday. You can obtain more information there at www.thefuelstream.com.
Imperva, Inc. IMPV
We’ve got a new interest to bring forth this morning as well suggested to us by one of our faithful readers (Thanks for your input, D.J.!) The IMPV chart, which is coming off of its 52-week low, could be getting in in position to become a good recovery play. We’ve taken advantage of stocks coming off of annual lows several times in the past, so many of you know just how plentiful the chances for gains can be.
In the case of IMPV, as you can see on the chart we’ve included here, there are several aspects that would seem to indicate that a serious bounce could be in the making. The RSI is in heavily oversold territory, and in addition to a MACD that is just itching to make a bullish cross, there is a huge gap on the chart, the filling of which would lead to serious gains.
In addition to the possibility of using a rebound to profit on a big-board stock, we also like to explore the possibilities offered by the options chain. Presently we are looking at the Jun 21 and Sep 20 $30 Calls. The June’s closed at .60, and the September’s closed at 1.75 yesterday. Stay tuned, as we’re likely to be tracking this new play for quite some time.
BTCS, RXII, CYTR, EQU, SKUL, KCG