Friday, Sept 6th, 2019Joel2019-09-05T22:01:05-05:00 Keep an eye on this name heading into the HC conference over the weekend. The chart is setting up for a breakout move given the bullish candle and third-day closure over the 50DMA. $1.39+ the first target on the measured reversal. Another low float bio name that is worthy of watching. The chart is showing positive flow and indicators are turning in favor of the bulls. Technical breakout watch for a retest of $2.90’s or well into the $3’s on any news. History of strong moves once it finds itself in the right hands. Have been stalking this name for some time now and finally starting to get to the breakout point. $8.50 is upper ascending wedge resistance so that becomes the triggered level. Room to run once that threshold is taken out. Like I’ve said before Shippers are usually a no go unless you are trading into or during November. With that being said after $TOPS and today with $CTRM keep an eye given the bottom doji. Historically, names can make some massive moves in either direction pending if buyers show up ($7.67/$8.06 levels) on an upper breakout. This name was on the WL from last night and look at that, another solid close and strong candle. 3 or 5 is many times the rule for breakout names so keeping that close eye for possible early morning selloff activity and the R/G moves that could send it moving back towards the 50DMA at $2.28.