From the Razor Trading Desk (Monday July 6th, 2020)
The best stocks for day trading today were three of the leading morning gappers in AYRO, MYO and UMRX. NETE wasn’t a leading gapper but had a $4.00 daily surge and hit a high of $13.85.
- AYRO, Inc. (AYRO)
AYRO NEWS: Factory Expansion To Handle Up To 300 Electric Cars
A gap up that started at 3:05 AM CST from the previous day close of $3.27. At the open, AYRO spiked to $5.43 and quickly sold off to $4.63.
With a strong trending catalyst like Electric Cars, a surge seemed eminent and it was. The next level went to a high of $5.95 but that was also followed up with the next sell off to a higher low at $5.06.
Momentum and volume continued to pour in and the next surge hit a high of $8.18 which stuck at the high of day.
Gap 52.9%; Closing Price $5.35; High of Day $8.18; Low of Day $4.63; Range $3.55; 228 Million Shares Traded; Float 5.27M.
- Myomo, Inc (MYO)
MYO NEWS: Improvements In Motor Function For Brain Injury
An early pre-market move from 5:00 AM CST from the previous day close of $3.66 that hit a PM high that was also the daily high of $6.48. This move happened inside of 37 minutes and ended at 5:37 AM CST.
After the PM move, there was three small fake out pops, one attempt over VWAP and two popping and dropping the VWAP. These pops sold off and MYO faded the entire day making it a big win for the short sellers.
Gap 49.5%; Closing Price $3.94; High of Day $4.70; Low of Day $3.77; Range $0.93; 3.9 Million Shares Traded; Float 2.77M.
- Net Element, Inc (NETE)
NETE NEWS: Continuation Move On Multiple News Items Dating From Mid June
Since 6/12/2020 when NETE hit a low of $2.60, the stock has experienced extreme volatility moving to a two year high of $13.43 also on June 12th.
Although NETE was a bit all over the place today as most small cap momentum stocks are, NETE made a near $4.00 move and it is still trending after hours.
Closing Price $12.94; High of Day $13.00; Low of Day $9.32; Range $3.68; 3.6 Million Shares Traded; Float 4.01M.
- Unum Therapeutics, Inc (UMRX)
UMRX NEWS: Acquisition Of Kiq LLC
A lower priced stock that didn’t even hit my Trade Ideas scanner due to the $1.00 over setting, this stock had news, gapped up and moved from its previous 0.40 close to a high of day @ $2.69. An incredible move!
This was the ideal stock for newbies with a very small trading account. Hopefully many newbie traders were able to see this gap and trade it with nice size due to the lower price. If you caught this from the 0.40 level, you would of had over a 5 Bagger!
Gap 57.4%; Closing Price $2.20; High of Day $2.69; Low of Day $0.60; Range $2.09; 63 Million Shares Traded; Float 21.92M.
Here is the spreadsheet for you to study. It’s the best small cap stocks that made the biggest Parabolic moves: Best Parabolic Stocks
