Objective Forex: Trading Week 5/16/16

Sunday, May 15, 2016

Trading Week 5/16/16

 Some good tradability on last weeks picks, ECTE ended up +7% over the week with ATNM slightly up as well. 

Forex Play

We're going to continue this play for a third time as we keep getting better and better data, the GBPUSD pair is looking like a relatively safe haven for now on longs.


Stock Picks This Week

HTGM (Molecular Diagnostics) Our momentum play for the week, popping over 30% last Friday this shows great confidence as more institutions add this company to their holdings. Strong support buys at $2.40. Hovering around $3.00 we see further upside.

Buy under $3.00

UQM (UQM Technologies) A company involved in electric motors and generators for vehicles, on a strong upward trend from 0.60 to 0.84 in the last 3 months we see more room for a good run. Earnings are coming on may 26 and with the price to book ratio quite low an earnings surprise could significantly increase share price.

Buy under $0.83

LTRX (Lantronix) A networking/communications company, on a nice trend upwards from last week ending Friday up 11%, with positive earnings and more and more contracts/licensing deals this company should have a bright future.

Buy under $1.30

OGXI (OncoGenex Pharmaceuticals) A Clinical stage bio-pharmaceutical company that traded around $3 one year ago, with 20% institutional ownership and good progress on trials this could be a good long term hold.

Buy under $0.83

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