Tagged: Stock Price Breakout

Low Priced Breakput stocks from last week. SCKT on Nasdaq (Socket Mobile, Inc.) and AKTX on Nasdaq (Akari Therapeutics, Plc).

Tried to buy 10,000 shares on Apr 26 of SCKT on Nasdaq (Socket Mobile, Inc.) at open tomorrow at fixed offer of $2.35 per share which was the close on Apr 25.

Why?

Triangle Breakout upwards. Their Gross Margin is over 50% for the Mobile Scanners they sell. Good luck making that kind of gross margin selling Computer Tech gear. I don’t think that Apple make over 50% gross margin. Small company turned a profit last quarter versus a loss previously. sat at the $2 barrier for a while. Now $2 is a nice support area. Target – potential Double…

Not enough Volume on Apr 26 – Order did not get filled

https://finance.yahoo.com/chart/SCKT…

 

Tried buying at open tomorrow Apr 24 one million shares of AKTX on Nasdaq (Akari Therapeutics, Plc). Target is $6.00, which will be a 50% retracement of the prior high on Mar 14 2019.

 

Why?

They have had positive Phase 2 Medical Study Coversin Trial Results. Today the stock price Gapped Up on a high volume increase. The price came back down at the end of the regular trading day but still gapped up overall. Since the target is $6.00 I’ll set a sell stop at $5.75 to $5.90, just under the potential target.

Did not get filled. Not enough volume for 1 Million Share order. I still think it’s a nice breakout stock.

https://finance.yahoo.com/quote/AKTX/chart…

Disclaimer: I am not an registered Stock Analyst nor a licensed Stock Advisor. This post is not a suggestion for anyone to buy anything. Please seek the advice of your own licensed Investment Advisor before placing bets at the Stock Market Casinos. You can lose money – even all of it. This post is for my own educational purposes…

 

Posted by Vincent Banial

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Next week I will try to buy 1,000 shares of HELE (Helen of Troy Limited) on Nasdaq at $135.50

Will try to buy 1,000 shares of HELE (Helen of Troy Limited) on Nasdaq at $135.50. It was trading a bit above $139.00 all Friday and closed a bit higher than that. I tried getting filled on Friday, but did not. I will try again next week. $135 is the Support level. Price should consolidate for a few days next week. If I get 1,000 shares at 135.50 per share, then will likely sell at $144.40.

From the latest Earnings Call Conference on April 26 : “This quarter caps great full year results. Net sales for the full fiscal year 2019 grew 5.8%. Leadership Brands grew 8.9%. Online sales grew approximately 28%, and adjusted diluted EPS grew 11.3%

 

HELE on Nasdaq

HELE (Helen of Troy Limited) on Nasdaq. Chart Courtesy of www.tradingview.com

Disclaimer: I am not an registered Stock Analyst nor a licensed Stock Advisor. This post is not a suggestion for anyone to buy anything. Please seek the advice of your own licensed Investment Advisor before placing bets at the Stock Market Casinos. You can lose money – even all of it. This post is for my own educational purposes…

 

 

Posted by Vincent Banial