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Evening Stock Watch-List: July 12, 2019

Evening Stock Watch-List: July 12, 2019

July 12, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

+78 (+0.28%)

+5.25 (+0.17%)

+14.25 (+0.18%)

-245 (-2.09%)

+3.70 (0.26%)

$SNSS

Sunesis Pharmaceuticals, Inc. ($SNSS) is a Biotechnology company in the Healthcare sector. Most stocks in the Healthcare sector ran for the first part of the day, on news of President Trump putting an end to the Rebate Elimination bill. However, this low-float penny runner moved on news of a public offering. Normally, this is a negative news catalyst, but the dip was quickly bought this morning and shorts were forced to cover, causing a massive squeeze. I expect this squeeze to continue into tomorrow, and I plan to day trade it over the $0.86 critical resistance level, also yesterday’s high of day, for the technical breakout!

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