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24/7 Market News- Happy Fourth, weekly Wrap

(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)
Clovis Oncology Inc. (NASDAQ: CLVS)

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

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 Logo

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.

24/7 MARKET NEWS, INC Disclaimer24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

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