American Apparel, Inc. APP
APP ran into a patch of resistance at .75 this past Friday, and once again this week. It seems that this level is going to be a major hurdle for us to get over, but following a breakthrough, there appears to be relatively little resistance until around .85.
Looking forward a bit, it is going to be very interesting when the quarterly numbers for this retailer’s holiday season come in. This stock will be on our watchlist at least until that time.
BioSante Pharmaceuticals, Inc. BPAX
BPAX saw its first breath of life coming off of its bottom yesterday, as we are now starting to see signs of recovery. Yesterday was the stock’s first green session since it fell off of a cliff of late, but we are now seeing accumulation at this low level, which excites us with the possibility that a snap of gains may be forthcoming.
The trouble started for BPAX after a less-than-favorable testing outcome for one of the company’s products, Libigel. The ground may still be a little shaky with this play, but the bottom-line? We want to be around when this stock’s recovery reaches full-swing.