Cassava Sciences Inc. trades under the ticker SAVA and has recently displayed technical strength that makes it worth looking a little closer at for a trade opportunity.
SAVA currently trades at $11.16 per the close of 9/28, and are currently down ~3% in the pre-market today as the futures trade mostly flat/slightly lower (per 7:30 am).
SAVA options that are closest to at-the-money are at $10 or $12.50 for calls and puts.
Given the breadth of that spread, I am going to look to be buying the slightly in-the-money options, as their Deltas are higher, and they offer some cushion for safety on a day like today which promises to be relatively uncertain.
SAVA Price: $11.16
10 Day Moving-Average: $9.36
50 Day Moving-Average: $4.55
200 Day Moving-Average: $5.02
RSI: 79
Their RSI is currently high, although that should begin to shake out as they establish a new price range.
I may start the day buying puts, and then as the price starts to settle down sell them and look to buy some calls & perhaps set up a straddle based around where the price is settled.
VivoPower International PLC stock trades under the ticker VVPR, and has recently displayed some noteworthy technical strength.
Overall, VVPR’s chart shows upward momentum, with eyes looking at their resistance level of $9.50, ~12% above where the current price is trading, making them worth considering for a trade, and perhaps a longer-term investment long shot idea.
VVPR Stock does not have options to trade, so for hedging purposes, if you were to buy shares, it would be wise to look at ETFs like SQQQ for days where a hedge is required.
VVPR Price: $8.50
10 Day Moving-Average: $7.99
50 Day Moving-Average: $4.81
200 Day Moving-Average: $2.01
RSI: 58
I will be looking at VVPR for a short-term trade opportunity within the coming days.
Sunworks, Inc. trades under the ticker SUNW & has recently experienced a bullish surge in price. Yesterday alone SUNW stock climbed by ~239%, and as of 8:05 am it is down 16% from yesterday’s price amid mixed signals in the futures markets.
While it looks to establish its new trading range there should be many opportunities for traders to make some money.
Sunworks, Inc.’s stock does not have options, so a trader would be looking for an entry into common shares as it begins to readjust to its new price range.
A trader in this name will have to be vigilant though, as there are no puts to use to hedge against volatility, and using SQQQ calls or shares may be a bit too aggressive, despite SUNW’s high Beta of 2.96 (5 year monthly).
SUNW Price: $3.28 (pre-market)
10 Day Moving-Average: $0.93
50 Day Moving-Average: $1.16
200 Day Moving-Average: $0.77
RSI: 68
While today may not be the best day to hop into them as it may be a risk off Friday for many folks, there should be some appealing entry points, particularly as the 10 Day Moving-Average prepares to cross the 50 Day Moving-Average in the coming trading sessions.
Marinus Pharmaceuticals, Inc. trades under the ticker MRNS & has recently displayed signs of technical strength.
MRNS is currently $12.01/share.
After gapping up on 9/15 it is looking to establish a new range, and shows more room to increase in price with its 50 Day Moving-Average approaching the 200 Day in a positive manner.
MRNS Price: $12.01
10 Day Moving-Average: $10.94
50 Day Moving-Average: $8.09
200 Day Moving-Average: $8.62
While MRNS does have options (my mistake from the date I published it saying it did not), it does show signs of being an interesting trade using the common stock. With what looks like more room to run, MRNS is worth considering for a short term trade.
Cardiff Oncology, Inc. trades under the ticker CRDF & has recently shown a lot of technical strength.
Their current price is $11.50, making the $10 Call options more appealing than the $12.50 calls.
While the stock itself is relatively young, they have been on a tear since April, with recent major breakouts the last few days.
CRDF Price: $11.50
10 Day Moving-Average: $6.09
50 Day Moving-Average: $6.99
200 Day Moving-Average: N/A
RSI: 80
While the RSI is overbought, their recent few days’ strength is to blame, and their RSI should begin to smooth itself out soon. While I normally do not bother with companies this close to their IPO, this looks like the opportunity for a quick trade worth considering.
Tupperware Brands Corp. trades under the ticker TUP & has recently shown a lot of technical strength. They currently are trading at $25.61 as of the close on 9/21/2020, making me eye the calls for $25 and $26.
Given that the markets look to have some overnight momentum to run with from the look of futures, the slightly out of the money $26 may be advantageous for a short term trade.
TUP Price: $25.61
10 Day Moving-Average: $24.12
50 Day Moving-Average: $15.03
200 Day Moving-Average: $7.33
RSI: 83
Their RSI is showing signs of being overbought, which could also make the idea of using a straddle appealing to some traders, as when the price of TUP ventures too far from the strike in either direction while the price establishes its range, the trader will profit.
If exercising the straddle, I may think to opt for the $25 calls & puts instead of the $26.
CAI International Inc. stock trades under the ticker CAI, and offers some interesting opportunities for traders & investors alike. In addition to having good fundamentals & technicals, they also recently began issuing a dividend, which made it stand out & be worth taking a deeper look.
Breaking Down CAI International Inc. CAI Stock Fundamentals
CAI closed for trading at $27.24/share on 9/18/2020, which gives it a P/E (ttm) of 16.8, a P/B of 0.82 & a newly created Dividend Yield of 3.67%.
That Dividend is protected by a low 16.1% Payout Ratio, meaning that they have enough cash to continue making payments, and increase the yield if need be.
CAI International Inc. is a small cap stock, with a Market Cap of $478.14M, and has $47.9M of Total Cash (mrq).
Despite their Debt/Equity (ttm) of 355.6 being higher than the stocks we like to publish about and their small cap status, CAI still has a 84.6% % Institutional Ownership.
CAI’s technical rating is 182.8 on our scale.
CAI International Inc. CAI’s Stock Technicals Broken Down
Part of the appeal of CAI stock is that their technicals are showing a good deal of strength.
CAI Price: $27.24
10 Day Moving-Average: $22.88
50 Day Moving-Average: $20.06
200 Day Moving-Average: $20.84
RSI 76
CAI’s 50 Day Moving-Average is set to break through the 200 Day Moving-Average soon, which should add some increased support & push their price higher.
When compared with their peers in their sector & industry, CAI is far ahead of the pack, showing one of the strongest Technical Ratings in the market currently.
CAI Stock Technical Rating: 182.8
Industrials Sector Average Technical Rating: 23.46
Trading Companies & . Distributors Industry Average Technical Rating: 28.29
CAI International Inc. CAI Stock Vs. The Industrials Sector Average Fundamentals
CAI Stock has a P/E (ttm) that is 59.7% lower than the Industrials Sector Stock Average, and an 81.7% lower than average P/B. Their new Dividend Yield is 63.8% higher than the Industrials Sector average, with a 10.6% lower than average Payout Ratio, suggesting their dividend is safer than average.
CAI International Inc.’s stock also has 42.5% better than average % Institutional Investors, and their Technical Rating is 679.2% better than the Industrials sector average.
As a small cap stock, it isn’t surprising to see that CAI’s Market Cap is 92% lower than average, resulting in a 93% lower than average amount of Total Cash (ttm).
Their Debt/Equity (ttm) is higher than what we like to publish about, being 229.8% higher than average, and the stock price may fluctuate a bit more than the average stock, as its Beta is 42.9% higher than average for an Industrials stock.
Comparing CAI International Inc. CAI’s Stock Fundamentals Vs. The Trading Companies & Distributors Industry Averages
CAI International Inc.’s stock also has many similar advantages over its peers in the Trading Companies & Distributors Industry. CAI’s P/E (ttm) is 78% lower than average, with their P/B 70.5% less than average.
CAI’s Dividend Yield is 12.9% higher than average, with a 33.5% higher than average % Institutional Ownership & a 546% better than average Technicals Rating.
Small Cap CAI is 85% smaller than their average industry peer, and their Total Cash (mrq) is almost 80% less than average. Their Debt/Equity (ttm) is 171% higher than average.
CAI International Inc. CAI’s Stock Performance Vs. The S&P 500 & NASDAQ Historically
Since they began trading on 5/16/2007, CAI International Inc.’s stock has grown by 84%. If you add their new Dividend Yield they have grown 85%, following only one quarter of payments.
In that same time, the S&P 500 has grown 119.2%, excluding dividends.
The NASDAQ Index has grown 323.7% in that time, excluding dividends.
Moving forward with the 3.67% Dividend Yield, there is now a much stronger case for investing in CAI stock to compete with the S&P 500 for returns.
Tying It All Together With CAI International Inc. CAI Stock
Overall, CAI stock offers many unique advantages that trades & investors can both benefit from. Their recent technical strength is appealing to traders, while investors like their fundamentals and new 3.67% annual Dividend Yield. When looking at their growth prospects, and adding in the new yield, there is an even stronger case for investment.
*** I DO NOT OWN SHARES OF CAI INTERNATIONAL INC CAI STOCK ***
Pacific Ethanol, Inc. trades under the ticker PEIX & has recently had very strong technical performance. I’m looking at their options, and am interested in either buying the in-the-money $6 calls as they are currently set to open <$7/share due to today’s volatility, or I may set up a straddle using the $7 PEIX calls & puts with the October 16th expiration.
PEIX Price (per 9/18/20 Close): $7.10
10 Day Moving-Average: $5.13
50 Day Moving-Average: $3.19
200 Day Moving-Average: $1.20
RSI: 77
While today I will likely be selling SPXS & SQQQ calls, this is a play that I am going to be looking to make within the coming days to take advantage of their recent strength.
*** I DO NOT OWN ANY SHARES IN PEIX AS ON PUBLISHING THIS POST ***
Digital Turbine Inc. trades under the ticker APPS & has recently exhibited a lot of technical strength. I’m looking at their October calls, at the moment favoring the slightly in-the-money $30 calls to the $35’s for some added protection from volatility.
APPS Price: $32.35
10 Day Moving-Average: $25.79
50 Day Moving-Average: $20.13
200 Day Moving-Average: $10.23
RSI: 74
While I am looking at the calls now, they may offer an opportunity for longer-term investment in time once we achieve more market clarity & less volatility.
Giga Metals Corp. trades under the ticker HNCKF, and has recently shown technical strength making it worth looking closer at from a trading perspective. This is especially true, given that at the moment futures are pointing lower across the board & they focus on mining & are an OTC stock.
HNCKF Price: $1.27
10 Day Moving-Average: $0.73
50 Day Moving-Average: $0.34
200 Day Moving-Average: $0.22
RSI: 83
I’ll be taking a look at them today & potentially making a few trades depending on how they perform, but their recent gap up a few days ago has them in a position of strength that may be able to be built upon further.
