Watch List 8/3/2016: $GRPN $OMEX $TOPS $ADXS

$GRPN – Two major support levels will be in play tomorrow at the open converging near $5.05. Would be more inclined to look for a long on this name being an earnings winner, but the company is still a horrible money losing machine. $5,30 will be a key long term resistance level.

GRPN

$OMEX – This company has been featured on Street Sweeper and is ramping up on nothing but short covering. “Nasdaq notified the company May 23 that its market value had fallen below the $35 million minimum. To regain compliance, Florida-based OMEX must reach and maintain that amount for at least 10 days by Nov. 21.” Will get a starter short position probably today after it pops. $5.21 first significant resistance.

http://www.thestreetsweeper.org/undersurveillance/Odyssey_Marine_Exploration__OMEX___A_Shipwreck_of_Titanic_Proportions

OMEX

 

$TOPS –  Yesterday’s price action was pretty ugly for longs. $6.42 support broke down late in the session and carried over after hours / pre-market. The last hope for a bounce would be the $5.85 level. 

 

TOPS