Tag: $FB

GW Pharmaceuticals ($GWPH) is a Major Drug Manufacturing company in the Healthcare sector. This stock started off weak Friday morning, but quickly found support (shortly after midday) at $124.67 before reversing into close. This has potential to set up nicely for a dip buy for a longer term hold, as it has positive sentiment from major institutions for the near future. I plan to day trade this over the $127.60 natural resistance level for a clean technical breakout! 

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iBio, Inc. ($IBIO) is a Biotechnology company in the Healthcare sector. This company gapped up this evening during post-market trading, after announcing that it has “collaborated with Beijing CC-Pharming Ltd to develop and test a new 2019-nCoV vaccine. The vaccine will be manufactured using iBio’s FastPharming System. The company said the collaboration aims to develop plant-derived vaccine strategies for the emerging coronavirus outbreak.” I plan to take advantage of the natural support, and dip buy this stock at $0.40, a level that has held more than four times this evening.

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NanoViricides, Inc. ($NNVC) is a Biotechnology company in the Healthcare sector. This stock has been running rapidly on the spawn of the coronavirus news spreading throughout China over the last few days. The company released news on Thursday, stating that they are “working to develop a treatment for the novel coronavirus 2019-nCoV, or the Wuhan coronavirus.”
“We have already initiated a program for developing a treatment for the 2019-nCOV,” Anil Diwan, President and Executive Chairman of the company said. I plan to day trade this over the $16.50 natural resistance level for the descending wedge breakout!

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Facebook, Inc. ($FB) is an Internet Information Providers company in the Technology sector. This stock absolutely plummeted yesterday evening, even after the company released better-than-expected earnings. On top of that, several analysts came out with upgrades this morning. Credit Suisse and RBC Capital also maintained their outperform rating. I see this as an excellent dip buy opportunity to ride the wave of market momentum an fill this massive gap. I plan to day trade this (potentially swing) over the $211.60 natural resistance level!

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The Boeing Company ($BA) is an Aerospace and Defense company in the Industrial Goods sector. This titan gapped up nicely yesterday morning, after BA “reported a large surprise loss for the fourth quarter and revenue that the dropped well below expectations, as the company struggles to adjust to the extended grounding of its 737 MAX planes. The company swung to a net loss of $1.01 billion, or $1.79 a share, from income of $3.42 billion, or $5.93 a share, in the year-ago period.” I plan to day trade this descending wedge pattern made today over $326 for a continued wave of momentum.

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