From the Razor Trading Desk (Thursday July 2nd, 2020)
The two leading gappers offered the best day trading opportunities. JOB had a 190.2 gap and FRAN with a 136.3% gap.
- GEE Group, Inc (JOB)
JOB NEWS: Eliminates 47 Million Debt
A solid move starting pre-market at 5:00 AM CST from the 0.80 level that went to $2.16 by 5:32 AM.
At the sound of the opening bell, the stock began to rip from $1.49 to $2.49 and then pulled back. A quick bounce would come a few minutes later but wouldn’t make it back to the daily high.
Gap 190.2%; Closing Price $1.50; High of Day $2.49; Low of Day $1.42; Range $1.07; 80 Million Shares Traded; Float 10.55M.
- Francesca’s Holdings Corp (FRAN)
FRAN NEWS: Partners With Poq To Develop Mobile App
At 6:30 AM CST FRAN would begin stomping higher from the $3.80 area and would continue on an upward path to $8.50 before the opening bell.
After the bell, there wouldn’t be much more momentum left in FRAN to give as it petered out 0.20 later and began stair stepping down. This was another nice pre-market move than had a strong trend to the tune of $4.50 (4.00 to 8.50).
Closing Price $4.95; High of Day $8.73; Low of Day $5.31; Range $3.42; 42 Million Shares Traded; Float 3.02M.
Here is the spreadsheet for you to study. It’s the best small cap stocks that made the biggest Parabolic moves: Best Parabolic Stocks
