$4 Stock Poised to Pop? - InvestingChannel

$4 Stock Poised to Pop?

I hope you’ve been enjoying the trade ideas I send you.

Here’s what a few trades alone produced in my portfolio on Friday…

There’s a $4 stock on financial professional’s radar… it could be primed to pop.

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
SRNE Sorrento Therapeutics Inc Biotechnology 56.73% 27,838,973
AAPL Apple Inc. Consumer Electronics 24.17% 36,990,028
TSLA Tesla Inc Auto Manufacturers 39.59% 15,171,451
INO Inovio Pharmaceuticals Inc Biotechnology 38.89% 49,429,288
MIST Milestone Pharmaceuticals Inc Biotechnology 58.85% 10,074,879
AMD Advanced Micro Devices, Inc. Semiconductors 32.03% 65,725,008
KODK Eastman Kodak Company Specialty Business Services 88.05% 24,150,130
AMZN Amazon.com, Inc. Internet Retail 22.25% 5,424,006
SMTI Sanara Medtech Inc Surgical appliances and supplies -5.99% 6,275
IBIO Ibio Inc Biotechnology 61.94% 41,707,198
ATGN AltiGen Communications, Inc. Telephone and telegraph apparatus 26.49% 50,668
INTC Intel Corporation Semiconductors -31.93% 35,217,878
VBIV VBI Vaccines Inc Biotechnology 48.40% 16,844,665
OCGN Ocugen Inc Biotechnology 55.77% 52,642,280
RNET RigNet Inc Oil & Gas Equipment & Services 59.76% 2,362,725
PRPO Precipio Inc Diagnostics & Research 69.75% 5,471,761
SNSS Sunesis Pharmaceuticals, Inc. Biotechnology -33.33% 17,284,947
MVIS Microvision, Inc. Scientific & Technical Instruments 48.51% 13,404,700
XSPA XpresSpa Group Inc Personal Services -47.67% 8,612,293
SRNE Sorrento Therapeutics Inc Biotechnology 56.73% 27,838,973

It’s Monday…

Oftentimes markets open up slowly and many traders pound their keyboard exiting weekend holds or entering new positions to start the week.

I’ve found that on Monday mornings, sometimes the best trades can actually be lower-priced stocks as blue-chips may simply move slowly.

Financial professionals are analyzing iBio Inc (IBIO), a stock trading just above $4, which has a reputation for making fast moves on high volume…

IBIO Daily Chart

But as you can see, IBIO shares have traded sideways for the past few days – and it has no volume.

As a stock which isn’t known for trading sideways for extended periods of time, I enjoy having it on my radar today – maybe I’ll be able to catch the next move for myself.

My trading plan on IBIO is very simple today.

Above $4.60, this stock could see a pop toward $6 or higher, in which case I’d be bullish.

Below $4.60, IBIO could trade to $4, in which case I’d be bearish.

In my opinion, volume will tell us the story as traders today. It’s hard for stocks to move WITHOUT volume.

And volume is exactly what IBIO is missing right now.

I’d consider an increase in buying or selling volume – a “friendly warning” – and from there turn straight to my paid software to catch a glimpse of what Wall Street’s trading activity may be on IBIO as well.

Here’s today’s premarket primer video.

Davis Martin
America’s #1 Options Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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