There's a good chance tomorrow morning will be volatile.
The big spikers are going to move fast.
But don't worry …
By taking time to prepare today, we're much better prepared for any upcoming moves.
First of all, Friday's biggest plays and any recent runners still consolidating are at the top of our watchlist …
- Verastem Inc. (NASDAQ: VSTM) is a huge runner from Friday. It spiked over 170% with cancer news.
- Presto Automation Inc. (NASDAQ: PRST) spiked on April 17. The price consolidated since then, until last Friday when it spike more than 80%. It's reaching toward the break-out level.
Those two tickers are examples of the hottest sectors right now; biotech stocks and artificial intelligence stocks.
When the market opens tomorrow, those are the sectors we're paying the most attention to.
There will be new spikers on Tuesday morning. Here's what we scan for …
- More than a 20% spike on the day.
- A float below 10 million shares.
- A volume above 1 million shares.
- Credible news to push the price higher.
And remember to wait for the perfect setup.
These moves are volatile.
To safeguard that volatility we wait until the chart matches one of our patterns.
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