Uni-Pixel, Inc. UNXL
Our premarket report yesterday morning may have left some of our newer readers wondering why we would put forth a stock that had just been crushed to new all-time lows amid forthcoming bankruptcy and the layoff of its entire workforce. Our more seasoned readers will recall many times in the past where just such a set of circumstances has allowed for big opportunities, and yesterday was no exception.
UNXL began its rebound immediately following the opening bell, and in the first 90 minutes of trading, shot up from a low of .07 to as much as .16. That worked out to an intraday rip of 128% which occurred on massive volume on the order of nearly forty times the monthly average.
It just goes to show why we are constantly scanning for stocks coming off of their 52-week lows, because quite often they become fantastic rebound plays just like UNXL did yesterday. In fact, it ended up being the NASDAQ’s biggest gainer of the day, so cheers to anyone who was along for the ride!
Coty, Inc. COTY
We like the setup of the current COTY chart and would like to signal a pair of options contracts for observation in the days and weeks ahead.
Here we have another stock that was battered down in rapid fashion, having been trading over $20/share as recently as the beginning of this month. That includes a large gap left on the chart. It reached it ultimate low on Thursday, and since then has shown signs of a possible extended recovery, not to mention some insider buying.
On that note, we’re going to be looking to the COTY 10/06 $17 & $17.50 Calls for potential swing trades in the days and weeks to come.
Extended Watchlist:
ABIL, TNDM, LINU, VRA, RNN, BTCS, INFI