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…
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.