Yesterday the stock traded from its low of .187, and ran 12% into the close, ending the session at its high-of-day, .21. We always like to see a stock finish on a high note, as it is often a precursor to further gains.
BARCHART.COM is currently giving LWSP a 96% Overall “Buy” Rating
MannKind Corp. MNKD
MNKD serves as the latest example of why we highly suggest all of our readers keep a running list of the stocks we place in our daily Extended Watchlists.
We included this play in Friday’s report as it had been in near free-fall and the possibility of a bounceplay was present. The stock ended up finding support at 4.02, and yesterday after-hours we spied a PR regarding recommendation from an FDA Advisory panel to green-light the company’s AFREZZA(R) insulin inhalation powder.
As a result, the stock is gapping up significantly in pre-market action today, so we’ll want to keep a close watch over this potential breakout play.
VALENCIA, Calif., April 1, 2014 (GLOBE NEWSWIRE) — MannKind Corporation (MNKD) today announced that the Endocrinologic and Metabolic Drugs Advisory Committee of the U.S. Food and Drug Administration (FDA) voted 13 to 1 to recommend that AFREZZA(R) (insulin human [rDNA origin]) Inhalation Powder be granted marketing approval by the FDA to improve glycemic control in adults with type 1 diabetes and voted 14 to 0 to recommend that AFREZZA be granted marketing approval by the FDA to improve glycemic control in adults with type 2 diabetes. If approved, AFREZZA would be the first ultra rapid-acting mealtime insulin therapy available in the United States. >> FULL PR
Alternative Fuels Americas, Inc. AFAI
Speaking of potential bottom plays with fresh news on the wires, we caught AFAI in our morning scan today, and as it turns out, this is another marijuana-related stock. That fact alone is enough to grab our attention.
We have yet to see much news in this sector from Florida, one of the latest states with a medical marijuana initiative on its ballot, so we’ll be interested to follow this storyline as well.
HOLLYWOOD, Fla., April 2, 2014 /PRNewswire/ — Alternative Fuels Americas, Inc. (AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. has founded and will sponsor the Florida Cannabis Industry Association (FLCIA), the primary trade association for Florida’s emerging cannabis industry. >> FULL PR
Prana Biotechnology, Inc. PRAN
In Monday’s Extended Watchlist, we called PRAN a “Huge gap down, possible bounce-play”. The downward pressure continued through yesterday’s session, and the stock closed at 2.30, just .03 off of its low.
This morning, we are seeing the beginning signs of a potential recovery; PRAN is gapping up to the tune of 4% in pre-market trading. We’ll continue to keep this stock on watch, in the event it can regain some of its recent lost ground. Trading over $10 as recently as March 26th, a return to even a fraction of those levels would mean significant opportunity for the sharp trader.
Extended Watchlist:
ENVI, RNN, KIOR, SOL, CPST, DLLR(Possible Buyout)
