Tag: FNMA

PLUG, YRCW, VNDA, PCGX, FNMA, FMCC & Extended Watchlist

Plug Power, Inc. PLUG
–
PLUG continues to be a winner for us, seemingly, every time we mention it in one of our reports. Yesterday, we were anticipating a potentially profitable session based on observed indicators on the chart, and once again our timing proved to be extremely accurate.After touching a low of .58 early in the day, PLUG would climb for the rest of the session, closing at its high-of-day, .67. That represents a solid 16% increase on slightly less than twice the 3mo. average volume. With a head of steam like that building, we’ll be sure to continue monitoring PLUG today.

YRC Worldwide, Inc. YRCW

On Wednesday, YRCW appeared in our extended watchlist as a play that was gapping down, noting that we were on the lookout for a reversal. That’s just what happened, as we observed a 13% intraday move from the stock on that day. We continued to monitor YRCW yesterday and were once again met with positive results.

Trading in a daily range from a low of 7.51, YRCW was up as high as 8.699, marking a 16% intraday gain.

Vanda Pharmaceuticals, Inc. VNDA

After an appearance in Tuesday’s extended watchlist, and a feature in Wednesday’s report, wherein we were expecting FDA-related news from VNDA regarding a New Drug Application. The result was so highly-anticipated that it warranted NASDAQ to halt the stock on Thursday.

The FDA committee indeed met and are recommending approval of the company’s drug “tasimelteon, proposed tradename HETLIOZ(TM), for the treatment of Non-24-Hour Disorder (Non-24) in the totally blind.” Non-24 is

As expected, the stock has resumed trading today and is gapping up this morning, with trades going off in the 14.60-16.50 range. This is already a substantial increase from our initial alert price at 11.07, and with positively-charged FDA news hot off the presses, profit margins could very well expand even further.

Virtual Sourcing, Inc. PGCX

Our timing was just a little bit early in our October 24th mention of PGCX. We were looking out for a bottom that would take until early last week to occur. However, when it did, it bounced off of support at .08, and subsequently made a 100% rip to .16.

The stock caught our eye yesterday, as it appeared to be searching out support once again, and found it at .09. We are curious to see how high the resulting bounce here could be in comparison to the one we observed previously.

Fannie Mae FNMA
& Freddie Mac FMCC

We follow this mortgage lending pair fairly regularly, and began re-introducing them onto our main watchlist on October 24th. At the time FNMA was trading as low as 1.86, and FMCC at 1.69.  Each has been on a steady increase since that time, with Fannie hitting a high of 3.08, and Freddie, 2.90. Both show no signs of relenting today, and are gapping up in premarket trading. (FNMA last traded at 3.42, FMCC at 3.30)

Some of you might remember the gains amounting to 350% we saw from these play earlier this year, so if past results are any indication of what we can expect from these two moving forward, we could be in for yet another wild ride at their expense.

Extended Watchlist:
CTIC, ICLD, FENG, SKBI, FONR, NOK, QCOM

NURO, YRCW, PLUG & Extended Watchlist

NeuroMetrix, Inc. NURO
–
A selection from yesterday’s extended watchlist, NURO put up quite the performance. The stock hit its low of 2.23 early on in the session and ran into the close, touching 2.81 (+26%) before finishing out the afternoon strong at 2.79.

Any time a stock ends on a high note, its always a good idea to stay tuned into its activity the following day. NURO is up in pre-market trading, making it a candidate to continue its run today.

YRC Worldwide, Inc. YRCW

Yesterday morning’s report mentioned that we were on the lookout for a reversal from YRCW, which had gapped down heavily from the previous session. The stock did indeed rebound off of its low of 7.06, bouncing as high as 7.96. That was good for a 13% intraday gain.

Plug Power, Inc. PLUG

We first mentioned PLUG back on February 15th. The stock traded as low as .1155 following that initial alert, and subsequently reached a high of .80 (09/10), representing an overall move of 593%.

Following that monster run we recently saw a consolidation to last week’s low of .45, and since that time has displayed noticeable signs of recovery. We are back to paying close attention here as PLUG has passed its 50DMA in premarket trading, and the MACD is on the cusp of a bullish cross. The RSI is also coming off of being oversold, and is pointing North in apparent preparation to break the 50-line.

Regaining even a portion the ground leading up to its September highs would mean significant gains out of PLUG.

Extended Watchlist:
FNMA, FMMC, OXBT, OCZ, CREG, YUME, BORN

SKTO, AAPL & Extended Watchlist

SK3 Group, Inc. SKTO

SKTO was one play from our marijuana watchlist to really have a bang-up session yesterday. On more than 5X the 3mo. average volume, the stock surged nearly 40% from its early morning low of .0135 to a late afternoon high at .0188.

The move not only broke through previous resistance at .015, but continued to roll, surpassing the current 200DMA (.016) as well. Moving forward, we’d ideally like to see support hold above .015.

Apple, Inc. AAPL

Apple’s quarterly earnings exceeded Wall Street’s expectations on Monday, fueling some extremely volatile post-market trading. After hours, we saw a significant pull-back followed by a bounce which has AAPL currently trading in the low 530’s. Yesterday afternoon’s high in the $542-range is going to act as the next resistance barrier.

We made the right choice with our last options call in moving our strike price up to $525, which as it now stands, should be pushed deep into the money with the current trend.

Extended Watchlist:
FNMA, FMCC, GOGO, ZGNX, CLSN, ONP, USAT, NQ

MJNA, PHOT, SKTO, MWIP, HEMP, ELY & Extended Watchlist

Marijuana Sector Update
–
To kick off the week, we’re turning the conversation back to both medical and legal marijuana-related stocks, a topic that we have covered extensivelyfor over a year now. Many of our old favorites have begun to show signs of promise once again, so we thought this would be a good time to bring them back into the fold as features in today’s morning report.
Medical Marijuana, Inc. MJNA

 

Growlife, Inc. PHOT

SK3 Group, Inc. SKTO

MediSwipe, Inc. MWIP

Hemp, Inc. HEMP

Each one of the preceding stocks (along with a great many more) has brought us several opportunities for large, or even astronomical gains, as was the case with MWIP from which we were afforded the chance at more than a 5250% profit (Coverage range: .0026-.1398)

Last week each of these began finding its way back to our watchlist as we’ve noticed increased volume, and as we’ve learned extensively in the past, volume often precedes price. Thus we are going to want to keep a close eye on these, and indeed the marijuana sector as a whole, which has yet to reach even a fraction of its full potential. Polls show that more than half of Americans now support legalization of cannabis and cannabis products, and of course we know that some states have already taken the necessary steps to make it available to their citizens.

Callaway Golf Co.  ELY

ELY appeared in Friday’s extended watchlist, then put forth a performance that merits mentioning. The stock touched a daily low of 7.82 very early in the session before enjoying a steady 14% surge up to 8.90, its highest point since 2010.

This comes on the heels of a wave of positive press last week including significantly boosted quarterly earnings:

Extended Watchlist:
DNDN, KNDI, OGXI, FNMA, FMCC, AAPL (Earnings expected today)

STXS, JAKK, FNMA, FMCC, PGCX & Extended Watchlist

Stereotaxis, Inc. STXS
–
After appearing in our Extended Watchlist yesterday morning, STXS made a power move from 3.60-5.69, good for a 58% profit. While our timing on this alert was as close to perfect as we could hope, it certainly was no surprise. This isn’t the first time we’ve ridden this stock to large gains.We first mentioned STXS on July 30th, and at the time, it was trading as low as 2.33. By 08/06, the stock would go on to hit 10.85, for an unbelievable move of 366%

As you can see below, there is a large gap on the chart to fill from 5.64-8.02, so we’re on the lookout for a break past 5.70, which could trigger a possible move up into 8.00-range.

JAKKS Pacific, Inc. JAKK

We caught JAKK on our morning scanner yesterday as the stock was gapping up significantly. What resulted following the bell was a solid day’s performance, as we observed a run from a low of 5.68, and a subsequent high of 6.35, good for a gain of 12%

Fannie Mae FNMA & Freddie Mac FMCC

We tracked this mortgage-lending pair earlier this year to big gains, following them from the $1-range all the way up to the $5-range. (FNMA 1.20-5.44, FMCC 1.11-5.00)

We thought it was high time to re-introduce them to our watchlist, as they are breaking out once again. If past results are any indicator to the kind of gains we can expect on the current run, we’re strapping in for what could be another wild ride.

FNMA Chart

FMCC Chart

Virtual Sourcing, Inc. PGCX

PCGX comes to our attention today as a possible bottom bounce play. We’ve seen it maintain higher highs and higher lows coming off of a recent bottom.

The stock is known for making big swings in the past. Back in August it ran from .16 to 1.10, so there is a precedent for large gains from current levels.

Extended Watchlist:
SEEK, MJNA, PHOT, CLSN, BLDP

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