ABMD $20.07 is breakout (52 week high) its jumped up quite a bit the last few days I’d watch for consolidation around the mid 19s if it doesn’t squeeze over $20 an break it right out of the open. If it does it’all probably be a nice squeeze and just that. I wouldn’t marry it but has upside towards $22 potential and if it can consolidate above $20 it could move much higher than that. What I’m looking at is the triple top mid June, mid July and just today at/near $20, so the break will send shorts covering similar to what we saw on WMT yesterday when it broke the quad top.

SGEN border line breakout here over $12 - From scan HERE

SGEN on a $11 break may see $12-13+ here short term, I’m not convinced yet it needs to break and hold $11

GERN - looks pretty bullish here, it’s consolidated quite a bit around the $4.50 level which can support a move higher, theres been a lot of $3 to $6-7 plays as of late thats why this one interest me, $5 is its previous resistance point back in May, may squeeze on the break.

VRNM today’s Nasdaq percentage gainer, watching for a gap and continuation then I’m looking for weakness to kick in, I’ll see if there’s a borrow and reserve it just in case. It had a few upgrades so it might have a bit of support in there.. if thats the case let it squeeze, keep a borrow avail and wait for the opportunity, I’ll be monitoring this one and will post a comment with thoughts tomorrow once it begins to pan out

GSPG from scan earlier today HERE, quite a picture perfect chart here, full of a technical traders dream come true regarding support areas, higher highs, higher lows, consolidation patterns, you name it - its there. I’m not looking for a huge 50% move here in the next day or two because that’s just not the way it trades but I do anticipate an accelerated move over a nickel once it snaps.

MICG from scan last night gave us 15% out of the open on the move, watching for further consolidate and re buy on a .60 break

MICG -MICG.OB a blast from the past this had ran from these levels to $5 on its first move - anythings possible worth putting it on radar

Can’t believe this penny stock has held ALL its gains, and that’s why I’m highlighting it. Normally as I mentioned in this post I am not a sub penny player, but ever since they became increasingly liquid over the past month they’ve got me monitoring. GSPG amazingly enough has held higher highs and higher lows for the past 6 months come up from micro penny level which is pretty much unheard of unless you go back to the QBID days four or five summers ago, or USXP of two summers ago.

At any rate -heres the chart:

Watch for dips the next few days where it may be a good flip towards the .05 break. I’m sure a lot of longs are sticking in with a psychological price point in mind of .05 for the big test, once it breaks that I’m sure they’ll all be jumping on a dime. This shareholder base is ridiculously large given the float so anythings possible.

Please sign up for these nightly alerts of trade ideas for the following day! Sign up HERE to receive these blog’s once a night via e-mail and never miss a potential move again!

ABK watch for this to lose $5 and continue selling pressure downward - after all longs have been given 5x their return off the 52 week low, keep that in mind

RDN amongst other financial stocks beginning to show some weakness (obviously FNM and FRE to thank for that)