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HUMP DAYYYY September 7th 2022 Morning Stock Newsletter

🌟Gooood Morning Team 🌟

It’s Humpppp Dayyyyy 🐪 my FAVORITE trading day of the week. I am ready for another exciting day of trading and cannot wait to see what the market has in store for us!

I hope everyone had a great night and that you are ready for a great day ahead.

🌟 Live Stream begins at 7am EST with Live Trade Commentary starting at 9:00AM EST. 🌟

 


STOCKS WITH NEWS

Yesterdays Top Gainers $SHPH $ISEE $ECOM $APGN $FWBI $HLVX

Most shorted stocks $BBBY $ICPT $PHAT $VERU $SKYH $GRPN $APRN $BGFV $UPST $FSR

Stock futures are flat as Nasdaq tries to recover from 7-day losing streak https://www.cnbc.com/2022/09/06/stock-market-futures-open-to-close-news.html

News from yesterday $SPRO – Spero Therapeutics shares are trading higher after the company received minutes from a Type A meeting with the FDA discussing steps required to resubmit the marketing application for tebipenem HBr.

$IMRA – IMARA Entered Asset Purchase Agreement With Cardurion Pharmaceuticals to Sell Tovinontrine and Other Assets of PDE9 Program for $34.75M Upfront Plus Up to $60M In Milestones

$BIVI – BioVie Sees Positive Results fro Trial for NE3107 Treatment for Alzheimer’s

$BPTS – Biophytis Shares Rise 56% Premarket After Company Announces Data on Covid Treatment

$INM – Inmed Pharmaceuticals Shares Trading Following Effect of 1:15 Reverse Stock Split; Shares Rise 60%

$QNRX – Alliance Global Partners Initiates Coverage On Quoin Pharmaceuticals with Buy Rating, Announces Price Target of $20. This stock is trading 630k volume compared to its average of 1.83M. Nice low float stock that could absolutely go on a nice run today. We need to see this stock breaking over $4 before we see move volume move in. If we can break over $4 today, we can see this stock up to $5

My top stocks for the day

$ISEE long over $16.00 to $17.00. Short under $14.32 down to $12.82

$QNRX – Alliance Global Partners Initiates Coverage On Quoin Pharmaceuticals with Buy Rating, Announces Price Target of $20. This stock is trading 630k volume compared to its average of 1.83M. Nice low float stock that could absolutely go on a nice run today. We need to see this stock breaking over $4 before we see move volume move in. If we can break over $4 today, we can see this stock up to $5

$AVYA (SWING TRADE ALERT from last Tuesday) is on HIGH WATCH for the moving average squeeze swing trade opportunity. This was a stock we were discussing last week and that it had potential to set up for a nice swing trade. We are setting up perfectly and are squeezing between the 20EMA and 50SMA on the daily. I will be looking for entries today on this stock with stops below the 20EMA. We have a $2.00 target then $2.66. This is a 58M float stock with 25% of its float currently short.


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week