Watch List for 8/4/17

 

$OMED this biotech earnings winner closed the day up 21%. Earnings was released a/h yesterday but there is some resistance on the daily at the 3.92 levels & natural res at 4.0 overhead. It closed today at 3.73. 20M float medium possibility of a continuation, needs a little more volume to burst those overhead resistance points. Observe intra-day levels.

 

$TOPS tickers 1-30 reverse split was in effect starting today it opening at 6$ & closing down -68%. It always seems like easy money but remember there is a stacked short interest which is easy to get squeezed. Even still, lots of downside room watch for lower high spikes to get short into.

 

$MICT this tech company received a 4.3M $ worth of purchase orders. Traders have reacted mildly to the news, initially it spiked up to 1.35 at the beginning of the trading day & then slowly fell throughout the day closing under 1.0 at .98 cents. The daily chart is terrible it gapping up off its all time lows today. Small short bias wanting to short into pops while watching key 1.0 level & whether it tops out here or sets a base. 5M float but super Junker. This actually looks like a bounce catalyst because its very good for the company… theres a probability traders catch on later, will look for a panic & try to find an entry around 10, 10:30.

 

$ESIO ticker announced Q1 earnings today which was a 5X beat compared to 2016 Q4 but there is a high probability that traders when buying believed that this report was for Q2 which gapped the stock but when they found out they sold which caused a panic a bout a dollar a share worth of downside. If gaps down watch key levels & look for spikes for a possible entry for a lower high short risking minimal while aiming for at least .3 cents of downside 3/1 R/R.

 

 

$DCTH no catalyst except voting rights being distributed amongst shareholders in an 8K which was released yesterday. Either way the ticker spiked up & closed +62% on the day trading 178M shares. When any piece of news is released traders react positively to this ticker so I will be watching this tomorrow for a potential entry .10 & .11 cents are key support levels, will observe carefully during pre-market & intraday for possible long or short set-ups. High probability of it being liquid tomorrow.