Market Direction: With Wall St clawing back some of the large losses overnight I expect out market to edge higher today. Volatility is likely to be higher than normal given it is options expiry.
EKM: The stock held up very well yesterday and was one of the few on my screen that were green. The CEO gave an interview on BRR explaining recent drilling and the fact that visible gold had been identified from panning in most holes. Given results are due in mid May, EKM should be worth watching in the next couple of weeks. The stock closed at the first resistance level so a pause might occur here. The slow stochastic is approaching 80 but the RSI and MACD have further to go before reaching overbought levels. News Due: Assay results from drilling at the Central Bore prospect. Price Target: There is resistance at 12, 13, 14 and 15 cents. Once these levels are cleared there is blue sky until the mid 20's. Disclosure: Holding EKMO
HTX: A strong performace by the stock yesterday on reasonable volume. The chart looks pretty good with the slow stochastic rising strongly, the RSI rising through 50 and the MACD looking set to cross in the next couple of days. Hopefully the quarterly will have details of the first full months sales of OvPlex. This should be out today or tomorrow. News Due: Initial sales results for the company's OvPlex ovarian cancer diagnostic test. Price Target: The next resistance level is 16 cents followed by 18 cents. Support is at 13 cents. Disclosure: No Stock Held
