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Evening Stock Watch-List: July 24, 2019

Evening Stock Watch-List: July 24, 2019

July 24, 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

-84.00 (-0.31%)

-6.75(-0.23%)

-36 (-0.46%)

+25.00 (+0.26%)

+1.00 (+0.06%)

DRRX

DURECT Corporation ($DRRX) is a Drug Manufacturing company in the Healthcare sector. This penny stock soared this morning, from $0.73 to highs of $1.35 during pre-market trading, after announcing that the company has entered into a licensing agreement for an injectible HIV product. This agreement also includes a $25 million deposit payment to DRRX upfront. After the initial morning sell-off, the stock began wedging nicely into close. I plan to day trade this over the $1.05 natural resistance level for the break out of it’s descending wedge!

ITCI

Intra-cellular Therapies, Inc. ($ITCI) is a Biotechnology company in the Healthcare sector. This low-float penny stock got absolutely hammered this afternoon after releasing a statement saying that the FDA has canceled their Advisory Meeting. The meeting was scheduled to review the drug application for the companies new Lumateperone Capsules to help treat Schizophrenia. Although this is a negative news catalyst, this has opened up a technical chart opportunity, as there is now a gap to fill over the $9.00 level. I plan to day trade this over that $9.00 natural resistance level for the gap fill pattern!

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