$GEVO Earnings and Conference Call on Company Updates 29thTechnicals on $GEVO are far beyond bullish. We have the 50DMA curving under the current 30 min candle setup and the PARSAR has flipped bullish. An ascending cup is forming and it is poised for a breakout back to prior levels. In addition we also have the gap down from $2.50 to fill. LT after the ER is posted and wind of the technicals catches on we could see previous highs of $5.00 or more once again. Very Long
50dma
#HUN Resistance turned Support and testing 50 dma.Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving average in this potential support zone. If it holds; there is some nice upside in this stock.
Risk/Reward = 4
MDRX gaps down on earningsMDRX has been in a messy downtrend for a few weeks so Friday's gap down, on the earnings announcements, did not come as a surprise.
As volume was also up there is a good probability that the bear move will continue. However, because the trend is not very neat and because there is support at $8.84 this is a near-term shorting opportunity only. That still gives a potential 216 point move, provide the gap doesn't get filled.