Picks for 12/11/20

The premarket doesn't look so hot this AM. Uncertainty in stimulus negotiations and to some extent BREXIT seem to be weighing the markets down.


I will be cautiosuly watching a few stocks today for intraday opportunities and for adding to core positions.


CVM - After announcing data lock in their stage 3 trial CVM popped 20% only to come down after announcing a stock offering. This one could go either way today. CVM will likely see pressure from shorts, in which case I will add to my position at a discount or it could surprise us with the start of a new bull run towards old highs. Last year after an offering it did just that and surprised a lot of CVM bulls.


RVP - This low float stock has one of the highest % insider ownership I have ever seen. Despite a 20% jump yesterday I feel it has room to run.


Also watching:


OTIC - RSI rising and a nice gap up yesterday

CNDT- One of my favorite swing trades looks like it wants to continue upward after the big bullish engulfing candle yesterday.

MWA - Potential bounce off the 9ema

CEMI - Looks like a good place to add for a swing (200MA)

IDEX - I will consider entry at $1.79 (this one has burned me before use caution)


Finally, VERI, JMIA and STIM have been solid and should be on watch until their trend reverses.


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