Howdy, traders. It’s Bryce here.
Oooweee, get a look at those markets. All three indexes dove into a deep red pool on Friday. But hey, as we always say, for traders, there’s always something in play.
I can tell you I’m pretty relieved that all my earnings are in cash right now. And I’m hoping you can be in the same position.
At times like these, trading and staying in cash is probably the best “job security” you can have.
So let’s get to the stocks that could keep us living to trade another day on Money Monday…
Athersys Inc. (NASDAQ: ATHX)
ATHX closed up 39.32% on the day on Friday, at $1.63. Athersys is a biotech company focused on regenerative medicine.
They’re currently developing “MultiStem® (invimestrocel) for critical care indications” and they made a recent announcement.
They will “extend the exercise period of the warrants that were issued as part of a registered direct offering that closed on August 17, 2022.”
ATHX reached an intraday high of $2.10 on Friday and then consolidated into the close. On Monday, look for a break above $1.75.
Amprius Technologies, Inc. (NYSE: AMPX)
AMPX is a recent IPO in the lithium sector — a sector that’s seen some heat lately from time to time. And by heat, I mean sweet green days.
It was close to breaking out Friday morning but couldn’t quite make it. You can’t blame it, with the extremely red markets.
It soared about 80% a few days ago as a big battery bet of the day.
Look for a breakout above $15 for a safe entry on Monday.
Rumble Inc. (NASDAQ: RUM)
Who’s ready to ruuuuumble? Well, I’m hoping Rumble Inc. will be on Monday.
This one’s a bit of a wildcard. I mean, it pops and drops but it also kind of holds a steady level in the long-term.
It closed up only 6.93% on the day at $12.03 on Friday. That’s not much but it’s better than the indexes did.
I’d need to see a break above $14. If that happens, I’ll ride it up to $16 and take gains along the way.
Conclusion
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