Tag: GALE

APP, GALE & Extended Watchlist

American Apparel, Inc. APP

We’ve been following APP for the better part of a year now, during which time we’ve had several successful calls, and our timing in re-alerting it last Friday couldn’t have been any better. We discussed increased Q3 revenues, as well as the anticipation of heightened sales for the holiday shopping season.

We called for a crossover on both the MACD and the PPO, noticing that they were both pinching, and sure enough, both underwent crosses in the past few sessions. We were also looking for a break of the 200DMA and for the histogram to flip up to the bullish side, which also occurred this week. So it would seem things are right on track for APP in aligning with our expectations. Although it appears, in this case, that we have a crystal ball, we do not. We simply track tons of stocks on a daily basis, and when we find one that reacts well, we continuously monitor for buying opportunities, so that all may have a chance to profit!

We’ve also included a video presentation of the APP Chart:

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Galena Biopharma, Inc. GALE

GALE, an addition to our extended watchlist yesterday, had an exceptional performance. Having traded as low as 1.6525, and hitting a 1.84 high, the stock afforded folks the chance at a fast 11.5% intraday gain.

GALE ran into major resistance at the 20DMA (1.84), and above that, we can see another obstacle at the 50DMA of 1.86. A break past these points is what we are looking for to unlock some larger gains.

Thus far, pre-market, it looks as if the stock could gap up upon the open, trading as high as 1.90 already this morning.

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Extended Watchlist:
SVEN, SOFN, VSUT, CPSZ, PRPM, AZFL

 

PPHM, GMXS & Extended Watchlist

 

Peregrine Pharmaceuticals, Inc. PPHM

PPHM first began appearing in our watchlist in mid-August, and is one of those stocks that has been very good to us. We tracked it as it ran from 2.30-3.09, after which time it pulled back to 1.76, before skyrocketing as high as 5.50.For the past seven trading sessions, the stock has maintained higher lows, and seen higher highs. Yesterday, we saw a nice breakout from the .90-range before closing out at 1.14, just a nickel shy of the high of day. It broke the 200DMA (1.15), and is now approaching other key areas of resistance- the 50DMA of 1.29, followed by the 100DMA at 1.72.

After its first big run to 5.50, the following day brought a huge gap-down, with the stock opening below a dollar, and running to 1.94. If it can break past the resistance it currently faces, there is a large gap to fill between 1.94 and the 5.00-range, so we definitely want to continue to monitor PPHM.

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Gemini Explorations, Inc. GMXS

GMXS continued to maintain higher highs and higher lows yesterday, as the recent surge has turned to a steady climb. A decrease in volatility can certainly make for a more sustained run.

We were pleased to see a PR released Monday containing some favorable assay results from the company’s most recent gold project located in Columbia. This was the first update activity from the company since the beginning of the summer. :

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FT. LAUDERDALE, FLORIDA, Nov 26, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations Inc., (OTC PINK: GMXS) is very pleased to report the Phase One Sampling results of its wholly owned La Planada Gold Project located in the Los Andes Sotomayor Gold region of southwestern Colombia. The Gemini sampling program focused on systematic channel and chip sampling of 3 crosscutting vein sets, mixed vein and wall rock, and the host rock exposed throughout the property. As reported earlier, La Planada has excellent rock exposure allowing samples to be taken in all areas of the project. Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The chip and channel samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA. MPGS prepared the following results from 71 chip and channel samples assayed by Inspectorate Job number: 07-338-00595-01 and as reported below:

The 3 principal vein samples ranged up to 117.9 g/tonne Au and averaged 15.1 g/tonne Au.

The mixed vein and wall rock samples ranged up to 10.7g/tonne Au and averaged 3.06g/tonne Au.

The host rock samples ranged up to 7.9g/tonne Au and averaged 0.88g/tonne Au.

We will need to pay close attention to the news feeds in the near future, for any updates on this promising project.

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As we pointed out earlier this week, the chart is setting up nicely, with the RSI in the power zone, and a golden cross in the making. It will be very interesting to see how the stock reacts once the 20DMA breaches the 200.

Barchart.com is currently giving GMXS a 72% “Buy Rating”.

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Extended Watchlist:
SVEN, RNN, ERBB, EDWY, GALE,

ERBB, GRNH, LUNL, IDGC & Today’s Extended Watchlist

Tranzbyte Corp ERBB

ERBB opened at .0048 on Monday, and ran to .0075, where it ran into a key level of resistance. Currently we have a golden cross formation setting up on the chart. This play will be on our watchlist for weeks to come. We are looking for when the 20DMA surpasses the 200DMA, and at the rate it’s been going, we could realistically see that occur within the next couple of weeks.

Yesterday’s volume of 42.5M shares traded represents nearly 7X the current average.

Barchart.com is currently listing ERBB as a 64% Overall Buy and placing the brunt of their confidence in the short-to-medium term.

Most of the medical marijuana plays that we’ve been monitoring with the exception of ERBB, were on downtrends yesterday.

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GreenGro Technologies, Inc. GRNH

GRNH was one of those med. marijuana stocks that experienced a pullback on Monday, no great shock, granted the recent huge runs we’ve been seeing. It did, however, end up maintaining the support level we had mentioned in the morning reports (.05-.06), closing the day out at six cents.

We need to see GRNH hold a minimum level of support anywhere from the 20DMA (.0322) to yesterday’s foothold at .0465. Moving forward, we are going to have to monitor all of these consolidating marijuana stocks for any bounce actions that may come to pass.

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Lumonall, Inc. LUNL

After appearing in our extended watchlists recently, LUNL earned a spot as one of our main focal points this morning, turning in back to back days of abnormally high volume.

On Friday, it traded over $23K in dollar volume, and yesterday, another $16K. With accumulation increases such as these, there often tends to be a corresponding increase in upward momentum, so we certainly want to watch for that.

The stock has enjoyed steadily rising closing prices for the past three consecutive trading days, so we are anxious to see if the recent awakening of the stock can continue to duplicate those results.

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IDGlobal Corp. IDGC

This is a high flying, big momentum mover that caught our attention yesterday when it ran from .0004 to as high as .0075. A surge like that is enough to get anyone’s attention, exploding for possible intraday gains of over 1700%

We most definitely want to put this stock on bounce-watch once the dust settles from this amazing run. One would expect to see significant consolidation after such a showing, and the resultant rebound could be impressive in and of itself. In the meantime, we’ll want to make certain that the current run is indeed at an end.

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Extended Watchlist:

MSLP, CGRA, TMKR, HZNP, GALE