Good day, 360!
Here are some of our top movers today. OPEN HOUSE today in Market Masters – the hottest trading room around 🔥. Be the best prepared trader on the Street!
FOCUS LIST🔎
ONCO – Up over 80% in the pre-market after Altos Venture reported a 32.5% stake in the company
DUO – Up over 40% in pre as low float China names are up in sympathy with large caps
IONQ – Up over 8% in pre after announcing largest 2024 U.S. Quantum contract award of $54.5M with United States Air Force Research Lab
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HOTLIST🔥
ONCO – Up over 80% in the pre-market after Altos Venture reported a 32.5% stake in the company
Onconetix Inc. (ONCO) is a biotechnology company that focuses on the research, development, and commercialization of solutions for men’s health and oncology.
In the after-hours yesterday, it was reported that Altos Venture had acquired a 32.5% stake in the company. Altos Ventures is a venture capital firm and registered investment advisor with more than $8 billion in regulated assets under management.
ONCO stock traded up over 80% in the pre-market in reaction to the filing.
The first target for bulls is the pre-market high at $6.47.
Beyond that, $6.80, $7.70 and $8.50 come into play.
Below $6.47, targets to the downside are $5.50, $5, $4.70, $4.50, $4 and then a gap fill at $3.36.
DUO – Up over 40% in pre as low float China names are up in sympathy with large caps
Fangdd Network Group Ltd. (DUO) is an investment holding company, that provides real estate information services through an online platform in the People’s Republic of China.
Increased stimulus plans from the Chinese government has sent large cap names such as BABA and PDD soaring, with Chinese stocks having their best week since 2008. China’s central bank on Friday lowered interest rates and injected liquidity into the banking system
This morning, in sympathy with their large cap counterparts, Chinese small cap stocks such as DUO, CNEY, NAAS and ATGL are gapping higher.
DUO traded up over 40% in the pre-market this morning as a result.
The $1.40 area acted as resistance in intraday trade yesterday and now becomes a potential area of support.
Above it, targets to the upside are $1.60 and then the pre-market high at $1.79. Beyond that, $2.10, $2.40, $2.80 and then $3.60 come into play.
Below $1.60, targets to the downside are $1.40, $1.20, a gap fill at $1.07 and then $1.
… because there’s ONLY 3 days left until he starts a NEW $2,000 balance!
He’ll be discussing how his current $2,000 balance is up 1,520% to $32,405….
And he’s on a 13 trade win streak with that balance!
IONQ – Up over 8% in pre after announcing largest 2024 U.S. Quantum contract award of $54.5M with United States Air Force Research Lab
IonQ Inc. (IONQ) engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities.
In the pre-market this morning, the company announced that it has signed a $54.5 million contract with the United States Air Force Research Lab (AFRL).
The company also stated it is expecting to nearly double its revenue for the third year in a row.
The deal accelerates IonQ’s expansion into the $15B quantum networking market.
With a quarter remaining in the fiscal year, IonQ has announced $72.8 million in bookings year-to-date and reiterated its confidence in meeting or exceeding its bookings guidance of $75-95 million for the year.
The stock traded up over 8% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $8.90.
Beyond that, $9.50, $10, $10.50 come into play with $11.30 and $12 above that.
Below $8.90, targets to the downside are $8.60, $8.40, $8.30, $8.10 and then a gap fill at $8.06.
MARKET NEWS 📰
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