Here are some potential rollover watches from Friday…
In the morning SteadyTrade Team webinar I said it looks like "nobody cares" about Cogent Biosciences, Inc. (NASDAQ: COGT). It was hanging around and had a favorable offering price, but it had no volume. But it turned into a slow grinder and gained almost 20%. Like I said in my weekly watchlist, I like it for most of my patterns. And it could get interesting if it can break above key levels, like the $10 whole dollar level. BUT, I want to see more volume.
Comera Life Sciences Holdings, Inc. (NASDAQ: CMRA) had a red-to-green move with high volume on Friday. Then it chopped sideways. It's still hanging around and could get moving if it breaks above the $5 level. But again, I want to see high volume.
Mereo BioPharma Group plc (NASDAQ: MREO) is another stock I wasn't in love with on Friday morning. I didn't like the news and the fact that it was a day one runner. If you've been following me, you know I prefer stocks that can run for multiple days. But MREO held up throughout the day. Watch it for potential weak open red-to-green moves. But remember, it has a high float so needs lots of volume. And it doesn't have the range of a low float stock.
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