HT Weekend Watchlist - Trade Ideas into US Election Week

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GLUE $8.90

• The stock gapped up after announcing a $1.2B deal with Novartis.

• So far, despite the two days of pullbacks, the stock has held most of the gains.

• The key level to watch for is the $8.9- $9 area breakout level on the daily.

• If the stock holds its KL, look for potential continuation to the upside.

• However, if the stock breaks down said key level, it’s no longer a viable play for the long side.

• Position Disclosure: No position

PRCT $92.29

• This stock has been very volatile the last couple of days. The stock first gapped up to new all-time highs due to very strong beats in Q3 earnings and guidance.

• The KL to watch for this stock is very clear in the $89-$90s level on the daily. So far, the pullbacks from $98 all-time highs have held up well despite the broad market weakness.

• If the stock can continue consolidating said KL, look for potential trend join play to the upside. This is an idea viable for both day trading and swing trading.

• Position Disclosure: No position

MD $15.72

• This is another post-earnings gap-up play. The stock gapped up after mixed earnings results.

• This is a very similar idea to the previous ticker. However, this is not an ATH breakout but 52 week highs.

• Staying neutral on this name. If the stock can hold the $15 KL and continue consolidating, we could see potential continuation to the upside towards $16-$18s.

• Position Disclosure: No Position