💥 All-time highs, what’s next? - Stock Region News

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STOCK TRADING ALERTS
STOCK TRADING ALERTS

Wednesday, December 20, 2023

💥 All-time highs, what’s next?


  

Here are our top investing ideas today. These setups look primed! Be the best prepared trader on the Street!

And a special invitation to join Jeff Williams TONIGHT to see how he’s moneyballing the SPY — if you’re NEW to options trading and want to learn, this is THE place for you! Join here at 8pm EST.

ACON – Up over 80% in pre-market after receiving patent

CGEN – In play after closing up over 173% yesterday 

POL – Up over 90% in pre, after major shareholder issues letter 

“Jeff, what is your average trade size…it must be HUGE?”

It’s only about one million $3500! 

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Almost 6 months into his $10,000 Monthly Mission…

And he’s NOT slowing down!

ACON – Up over 80% in pre-market after receiving patent 

Aclarion (ACON) is a healthcare technology company that leverages for Magnetic Resonance Spectroscopy (MRS) in the United States. The company develops NOCISCAN Post-Processor suite of software applications.

It was announced yesterday in the after-hours that ACON had been granted U.S Patent #11844601 for “MR SPECTROSCOPY SYSTEM FOR DIAGNOSING PAINFUL AND NON-PAINFUL INTERVERTEBRAL DISCS (Severe Low Back Pain)”. 

The stock is trading up over 90% in pre-market after the news.

$0.50 is a prior support area and will be an important level to watch. 

Above it, targets to the upside are $0.55 and then the pre-market high at $0.61. Beyond that, $0.70, $0.80 and $1 come into play.

Below $0.50, there is potential support at $0.45, $0.40, $0.36 and a gap to fill at $0.29.

CGEN – In play after closing up over 173% yesterday 

Compugen (CGEN) is a clinical-stage therapeutic discovery and development company that researches, develops, and commercializes therapeutic and product candidates in Israel, the United States, and Europe.

Yesterday the company announced that it had signed an exclusive licence agreement with Gilead Sciences for a novel pre-clinical immunotherapy program in a total deal value of up to $848million. 

Based on yesterday’s close CGEN still had a market cap of less than $185 million according to Finviz.com. Also Stifel maintained its Buy rating on CGEN and raised its price target to $4 for the stock yesterday.

CGEN is up about 4% in pre-market and is one to have on your radar this morning.

The $2 round number should be an important pivot point today.

Above it, targets to the upside are $2.10, $2.20, $2.30 and then yesterday’s high of $2.46. Beyond that, $3 and $3.50 come into play.

Below $2, there is potential support at $1.90, $1.80, $1.61 and a gap to fill at $0.73.

POL – Up over 90% in pre, after major shareholder issues letter 

Polished.com Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States.

In the after-hours yesterday  a Form PX14A6G was filed by Jerald Hammann, a POL shareholder that urged shareholders concerned about their investment in POL to collaborate to increase the effectiveness of the actions.

The stock is up over 50% this morning in pre-market after the filing.

The $2 to $2.05 area has acted as support so far in the pre-market and will be an important level to watch.

Above it, targets to the upside are $2.20, $2.40 and then the pre-market high at $2.48. Beyond that, $3 and $3.25 come into play.

Below $2, there is potential support at $1.70, $1.60 and then a gap to fill at $1.06.

💥 More GREAT trading resources:

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