Open’s Interest… This morning’s watch list.
MDBX — I like the news about a new listing, which makes the stock more attractive as a candidate for institutions to participate in the sector. Fresh highs today above 29.75 should accelerate higher, with potential to 35.
ENRT — Dumped through the open to test my .55 add-on parameter. Closing back above .61 today would signal that the test had held. I”ll sell it on a close under .55.
DEWM — 18th time”s a charm? Yet another gap up, the latest in a series of gaps up that aren”t extending the next day, but aren”t breaking back under support. Until the latter, I”ll keep giving the former every benefit of the doubt.
GWPH — Reacting up sharply from an opening drop. Back above 58.15 would start to signal momentum reversing up, targeting 59.80 and 61.75.
MCIG — Terribly weak this morning, attacking .70, two days after failing .80 resistance. Closing today back above .74 would signal that the drop was a temporary correction, and probably done.
NVLX — Extending sharply higher at the open to test .42 resistance. Pullbacks must now hold .38 to maintain the breakout”s momentum.
PMCM — Opening surge is trying to resume the recent breakout. Volume has room for improvement, so the stock is most vulnerable to flat-lining today without more interest.
BRDT — Initial weakness, monitoring…
