I just saw something yesterday that got me excited…
It’s a stock that checks a lot of boxes.
And I handed out the trade plan you could’ve used on Wednesday morning…
But yesterday the stock mostly consolidated.
That plays perfectly into the pattern I’m looking for next…
Why am I excited about a stock that consolidated? And which pattern am I watching for today?
Read on to find out…
Are You Excited About This?
ThermoGenesis Holdings, Inc. (NASDAQ: THMO) played out my Daily Market Profit plan after hours on Wednesday and in premarket yesterday. Get my alerts and trade plans emailed to you daily here.
But after the stock hit my target price — news of an offering hit and the stock dropped from about $6.75 down to $4.
So why am I excited?
Well, even with bad news THMO was able to bounce back and climb from a low of $4 in premarket to a high of $6.23 yesterday.
Stocks don’t always bounce back after an offering but even with an offering of shares and warrants — THMO still has a low float.
It had a float of under one million on Wednesday. But even adding the shares from the offering and warrants, the stock still has a float of around only three million.
So it checks a lot of the boxes we look for:
- It has positive news from Wednesday.
- It’s a low-float stock.
- It’s a big percent gainer.
And above all, it has what I said to look for yesterday…
THMO is now a multi-day runner — a stock that hangs around.
It might be down a lot from yesterday’s premarket highs of $7.75…
But it’s still up roughly 150% over the last two days.
2-day, 2-minute candle — courtesy of StocksToTrade.com
So I’m looking for a potential day-three surge-type pattern today. Set an alert near the breakout level…
I’ll be watching the same level I sent out in my Daily Market Profit alert yesterday as a potential entry.
If you missed out on my trade plan — get my next one here!
I send one out every morning in the premarket. Plus, I go live to give traders my top afternoon watch every day at noon.
See you there!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
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