OddStockTrader Scan 5/6/2020

by | May 5, 2020

No power for about 12 hours last night and this am. No internet nearly all day so that was a bummer. No comments really other than what I will be looking at tomorrow. Really bummed I missed out on today though.

BYND – Nice ramp on the earnings after hours. Meat shortages is a decent trade idea here and can see it catching for a good swing trade. Ideally not to large of a gap but I expect gap and squeeze. Will be main watch out the gate for a long and calls.

DKNG – $22 is wall currently. Will look to trade some on the $21.80 break and add if blue skies into $22.50s

CHWY – The one I really wanted to get long this am for a trade but either way will be taking some calls a few months out over $50 area. Thinking this one gets another big daily move and parabolic style eventually on the daily as well.

DCAR – Odd move on the negative UBER/LYFT news today. May be nothing tomorrow but ideally morning washout near .68s for long. If bases and gears will look to add on the hod breakout.

HYRE – Sympathy of DCAR keeps going.

CNAT – Worth an eye and like the possible .50 breakout for a long. Not a huge fan of the name but if volume and action are there in the am will go ahead and join it.

BYZN – See if it can retest the lows it made today for a bounce trade tomorrow. Ideally still get that .10 washout though.

BTCS – Holding that .20 breakout pretty well and Bitcoin still holding current levels.

2 Comments

  1. I checked the floats on DKNG- 297k, and DCAR 341K. Are those correct?

    Reply
  2. Thanks

    Reply

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