Watch List 7/22/2016: $SPU $HDSN $GNK $RSYS

$SPU – Couldn’t locate a borrow with either account on $OPTT & $KONE so this will be a top watch for Friday. The 3-day uptrend in this name is pretty remarkable considering it was halted by Nasdaq @ 7.50, tanking immediately down to $5 Monday. Would look to short on a break of that support trend line. 



$HDSN – Still digesting the massive gap up and stuck in channel over the past three trading sessions. The close near $5 today was encouraging going into Friday for bulls. Look for a break through the channel Friday.


$GNK – A break above $7.20 gets this name back on radar. Then it can try to re-test previous $7.50 tops. The volume coming in today makes this one to watch tomorrow morning. This was a reverse split not long ago.


$RSYS – Flagging into $5 support horizontal and the vertical momentum trend line. Should get at least a bounce tomorrow if market doesn’t tank. Breaking $5.20 gives it a chance for a larger move up.