Unreal week, its not often we get events like we have had post election, The rip and then crash of shipping stocks is something unlike anything I have seen since 2007-2008. Risk management and caution is always rule number one, but we did mention the potential for crazy runs especially in low float type stocks after the election. We for sure got it in DRYS, SINO et al. Even if you never traded any of them review some of these charts. Tons of opportunity but with that lots of potential risk. Low float stocks have been the trend through the summer and into the fall. At this point it looks to continue into the winter months.
Just a quick FYI we have made searching for and identifying the size of the float a core feature of STT, you can see details here: https://www.youtube.com/watch?v=-y85XmbLg2w
Diana Containerships Inc. (DCIX) Sino-Global Shipping America, Ltd. (SINO)
Keep in mind even though these have had crazy rips and crashes there is no reason they HAVE to bounce. Always have a and plan use small size in volatile stocks like these, but with the holiday week I like the potential for these two to rip back during the lower volume Thanksgiving week. Going to be lots of headlines and discussion regarding these stocks.
Array BioPharma Inc. (ARRY)
Been discussing this stock for weeks on end. Nice base higher and breakout the last couple days. After trading it a lot it kind of fell off the radar. Slower mover but a solid potential swing long. Ideal for longer term type day traders. Up a lot of days in a row but a very nice breakout to 52 week highs. Could get a lot of attention going into the shorter Thanksgiving week.
Ocular Therapeutix, Inc. (OCUL)
While I usually like to focus on new stocks each week this is a holdover from last weeks watch list. Worked out almost perfectly. Use tight stops since it has been up each and every day for a week plus at this point. But very nice breakout. Any dips with set risk are solid buy opportunities until this trend reverses.
SAExploration Holdings, Inc. (SAEX)
Ugly ugly chart, but I’ve been leaning towards the oil/gas and energy type stocks being the next low float trend. Going to keep this stock on watch all week for potential perks, then look to trade other tickers in this sector. I will be building sector specific low float wathclists all week in StocksToTrade Pro. I post these watch lists regularly for members.
Signal Genetics, Inc. (SGNL)
This was the hot stock of the day Friday. After seeing it perk up on screens in the morning session I had much higher hopes for it to run all day. But I think many traders were “fatigued” after the insane moves in shipping stocks. This is the type I often call “back burner” plays. Nothing to watch every tick on, but if it perks up with volume a second run could get going.
Federal National Mortgage Association (FNMA) Federal Home Loan Mortgage Corporation (FMCC)
These are long time “favorites” of day traders and speculators. Plus there seems o be some positive news around the new administration in this sector. No way are these investments but as I mentioned in the introduction, if they hold $3 and there is a lot of buzz on the big media outlets they are perfect potential runners during the holiday week. Very news driven stocks though, no news and they could just grind sideways.
Related: 40 Key Stock Trading Terms For Beginners
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