Going into the close Friday, the market was filled with panic. We could be in for another rough week. But…. I think we could also see a bounce on Monday. The S&P500 is sitting right on support at both the 200 day moving average and the 1900 level. Bear market rallies can be strong on the upside.
The Ebola stocks are certain to be hot again this week, especially with the news over the weekend that a healthcare worker in Dallas contracted he virus. I'm going to be looking for both long and short plays in all of the usual names: TKMR, CMRX, LAKE, APT. But On Friday we saw action in this new runner AHPI. It traded nearly 4 million shares and has a 4.5 million share float. The action in Ebola stocks seems to have shifted from drugmakers to hazmat equipment makers.
EXAS - Up on some positive news regarding CMS reimbursement for Cologuard. On Friday the previous ATH in the mid-23's acted as support. This could potentially be a breakaway gap play. Looking for bullish patterns for entry of possible swing play.
OBCI - This boating products maker had a news event last week that they are buying out their JV partner's interest in OdorStar Technology, LLC. That caused a spike, but it may be fading off now.