(24/7 MARKET NEWS) Today’s the first day of the second half of 2022 and, more significantly, the beginning of the Fourth of July weekend.
Clovis Oncology Inc. (NASDAQ: CLVS) has been one of our favorites for weeks and today’s action signals that it might become the next great short squeeze meme trade. After falling just short of its 200 day simple moving average resistance, $2.51, it’s currently at $1.75, $0.02 (+0.86%) higher, on over 13 million shares. If it can take out the 200 day moving average resistance, on strong volume, a run into the low threes seems likely.
Revlon (NASDAQ: REV) set the perfect bear trap, but this week belonged to the bears. Yet, as the 20 day moving average is about to cross above the 50, it may become a legendary play. It’s at $5.3437, down $0.0763 (-1.41%), on nearly 23 million shares.
Redbox Entertainment (NASDAQ: RDBX) has been in the red for most of the past two weeks, but its moving averages are finally just about to align, so this may end up being a bullish pull back. Redbox is at $6.06, down $1.34 (-3.86%), on over 5 million shares traded.
Shift Technologies Inc. (NASDAQ: SFT) caught our eye in this morning’s premarket and hasn’t disappointed. It’s been a steady climber, currently at $0.8124, $0.1393 (+20.70%) higher, on nearly 10 million shares. If it can close at this price or higher, it should continue this move after the fourth.
NeuroSense Therapeutics Ltd. (NASDAQ: NRSN) is another one that’s holding on to a good chunk of its recent gains and could be setting up for next week. it opened this morning deep in the red, but is now green at $3.42, 4 cents higher (+1.18%), on over 5 million shares.
Keep Allena Pharmaceuticals Inc. (NASDAQ: ALNA) on your screens, if for no other reason, because it’s a volume monster. It’s trading at $0.2346, up $0.0436 (+22.83%), on nearly 180 million shares.
Revlon and Redbox
Revlon (NASDAQ: REV) set the perfect bear trap, but this week belonged to the bears. Yet, as the 20 day moving average is about to cross above the 50, it may become a legendary play. It’s at $5.3437, down $0.0763 (-1.41%), on nearly 23 million shares.
Redbox Entertainment (NASDAQ: RDBX) has been in the red for most of the past two weeks, but its moving averages are finally just about to align, so this may end up being a bullish pull back. Redbox is at $6.06, down $1.34 (-3.86%), on over 5 million shares traded.
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