From the Razor Trading Desk (Friday July 10th, 2020)
- WiMi Hologram Cloud Inc. (WIMI)
WIMI NEWS: Drives New Wave Of 5G Applications
This was the leading stock today by far! We saw a strong pre-market move of over $5.00 and although we saw a few harsh pullbacks below the VWAP, overall this stock held up very well.
When a stock holds up well and trends nicely into the close, we often see a continuation move. And that’s exactly what happened in extended-hours trading.
After the market closed and the bell rang, WIMI wasn’t paying attention. The stock just continued trending from a $14.63 closing price to an extended-hours high of $23.69.
This stock is pretty extended now but we will be watching it closely and also analyzing its move.
Gap 108.3%; Closing Price $14.63; Pre-Market High $9.25; Extended-Hours High $23.69; High of Day $15.20; Low of Day $6.60; Range $8.60; 154 Million Shares Traded; Float 6.02M; Market Cap 866M.
- Wah Fu Education Group Limited (WAFU)
WAFU NEWS: None Noted
WAFU started moving at 8:06 AM CST on no news. This low float stock is a former runner and was spiking into the previous day close and up to 20 minutes after hours. It moved from $4.50 to $7.40.
When the stock started moving pre-market at 8:00 AM, I wasn’t too surprised. I was also interested in an entry but a previous entry in RETO handcuffed me.
The move from $5.75 to $8.50 pre-market was a solid move but it didn’t hold up well. even though it was a former runner and had an ultra low float, it still needed that catalyst to propel it to the next level.
Gap 52%; Closing Price $7.18; Pre-Market High $8.52; $High of Day $9.24; Low of Day $6.25; Range $2.99; 20 Million Shares Traded; Float 1.18M; Market Cap 31M.
- Re To Eco-Solutions, Inc (RETO)
RETO NEWS: Chinese Expressway Linked To 2022 Beijing Winter Olympics
This stock started spiking at 7:40 AM CST right after the news item hit the tape.
A low priced stock that closed the previous day for $1.04 moved up to $2.24 today. This move was over 100%!
I jumped in @ $1.74 with small size and bailed at $2.17 catching the near high before the stock made a serious sell-off and hit a low of $1.23.
Gap 109.6% Closing Price $1.44; Pre-Market High $2.24; High of Day $1.92; Low of Day $1.23; Range $0.69; 16 Million Shares Traded; Float 17.98M; Market Cap 29M.
$WIMI (WiMi Hologram Cloud Inc) – Extended-Hours Trading from Closing Price $14.63 to $23.69
