Surface Oncology sports a relatively skimpy market cap at $465 million and an average daily volume of around 352,000 shares. Those red flags aside, this stock which began trading in April has been wedging higher since the beginning of June and looks like it wants to pop.
HOLLY spotted a catalyst back on Monday which put it on my radar and I’ve been watching it since. This morning, we added the position to the HOLLY Hot List.
SWING TRADERS: I’ll be adding Surface Oncology $SURF to the @tradeideas HOLLY Hot List at the open of trading tomorrow (Friday). This wedging higher looks like it wants to pop. https://t.co/0jtsUNxyyl pic.twitter.com/tDwsUyDixz
— Sean McLaughlin 📈 (@chicagosean) July 5, 2018
We’ll be trailing this stock with a 20% trail off the high print we see. As long as the stock stays active on the list, I think it’s a good time to buy. Due to its small cap nature, I’d recommend you be extra mindful of your position sizing as this name could easily and quickly become very volatility (in either direction).
HOLLY Hot List update
As of the time of this writing (8am Friday July 6), the biggest movers in our list over the past 6 trading days have been: $TDOC (+13%) $DCPH (13%) $KFY (6.5%) while the biggest laggard has been $AGLE (-3%).
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Good luck out there!
~ Sean McLaughlin (@chicagosean)