Howdy traders, it’s Matt here.
On Saturday, Bryce shared his favorite stock for Monday morning.
He had a great pick.
I’m excited to see how things shape up on Monday.
But there’s another stock that spiked 200% on November 1. And the price is still consolidating.Â
From Friday’s top runner, we know that consolidation is a hint the price could spike even further. That’s why I’m still watching this stock weeks after the initial spike.
I don’t know if the stock will break out on Monday.
But if it does, I’ll be ready.
If it doesn’t, it’s only a matter of time.
The hottest stocks from Friday ARE important. But sometimes we see quiet stocks erupt to pass key levels.
Don’t miss out on this huge multi-day mover …Â
Cellectis S.A. (NASDAQ: CLLS)
The price originally spiked because the stock announced a new business agreement with AstraZeneca.
Unlike CLLS, AstraZeneca is a prestigious company. It has a market cap of $97 billion.
CLLS has a market cap that barely reaches over $100 million. In the stock market, that’s small peanuts.
However, an agreement between these two companies can offer bullish momentum for CLLS.
Any penny stock that announces a business agreement with a real company is bound to experience higher share prices.
But we never know how high the spike will go. At the end of the day, it’s still a penny stock and the spike won’t last forever.
We use popular patterns to map the volatility. And right now I see CLLS consolidating above a key support level. Take a look …Â
CLLS chart 10-day, 10-minute candles Source: StocksToTrade
From top to bottom I drew lines at …Â
- $3
- $2.50
- $2.25
If prices fall below $2.25, consider this trade dead.
Otherwise … if the price can push back toward $3, we might have a HUGE breakout on the horizon.
There is a specific trade plan to follow with this stock.
If you’re trying to build a smart position on the market’s next big runners …Â
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And it helps other traders experience the true nature of this niche.
Don’t fall for the common market traps. Especially when there are opportunities to profit!
Cheers.