Today we saw a ton of action with FNMA fading very hard to 3 bucks and PHOT getting a negative Seeking Alpha article resulting in a huge down move at the open. Here are stocks that I feel are in play for tomorrow.
LATF - Had a lackluster second half of the day, but still closed up 40% and is still holding over 0.01 so as long as 0.01 holds the stock is still in play. 0.0135 is today’s high with a target of 0.016 if that breaks.
MWIP - Got some end of day volume which caused it to pop from the high 40s to the low 50s, could be a decent gap and possible runner.
SPLI - Another stock with some volume end of day. It trades in a tight range however with the channel between .30 to .3. Want to see 300K in volume on the first 3 minutes. Today was the 3rd green day so could see a pull back tomorrow.
PHOT - Got dumped at the open because of the negative Seeking Alpha piece that hit, but the stock recovered all of its losses on the bounce. It had a lackluster close but held the .66 support level, which it tested 3 times. That will be the level to watch tomorrow.
FNMA - Bad breakdown today on the daily on the 3.20 break which led to the stock to dip all the way to 2.99. The stock bounced back to the 3.20s where the dump started but faded slowly end of day, which is a definite sign of weakness. A clean crack of 3 would mean bad news for FNMA.
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