Synthesis Energy Systems, Inc. builds, owns and operates coal gasification plants that utilize its U-GAS fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products, such as transportation fuels and ammonia. SYMX is up 102% to 1.42$ on heavy volume on no news. $1.67 is 200dma and key resistance. Above this potential buy. Watch for 1.50$ break. Potential buy/short.
Antigenics Inc. (AGEN), is a biotechnology company focused on developing and commercializing technologies to treat cancers and infectious diseases, primarily based on immunological approaches. AGEN is up 70% to $1.53 on heavy volume. This biotech stock is up on positive drug news. No resistance till $2.00. Potential buy.
TOP SHIPS INC. is a provider of international seaborne transportation services, carrying petroleum products, crude oil for the oil industry and drybulk commodities for the steel, electric utility, construction and agri-food industries. TOPS is up 53% to $3.52 on heavy volume breaking past its previous resistance. Potential buy/short.
China BAK Battery, Inc. is engaged in manufacturing rechargeable lithium-based battery cells. It produces battery cells that are the principal component of rechargeable batteries used to power applications, such as cellular phones, notebook computers, portable consumer electronics. CBAK is up 31% to $3.23, breaking past its 200 dma. It faces stiff resistance around $3.50-$3.80 region. Potential buy/short.
Uranium Resources, Inc. (URI) is primarily engaged in the business of acquiring, exploring, developing and mining uranium properties using the in situ recovery (ISR) or solution mining process. URRE surged 30% to close at $1.73, breaking past its earlier resistance of $1.66. This can go to $2.00 with stop loss below $1.50. Potential buy.
FreeSeas Inc. is an international dry bulk shipping company focusing on the Handysize and Handymax sectors. FREE closed up 20% at $3.49 breaking out from previous highs. FREE posted a quarterly profit that beat market expectations, due to lower operating costs, and said it expects to remain profitable through the year. The stock has no strong resistance till $4.00 with good support at $3.00. Potential buy.
Boise Inc., formerly Aldabra 2 Acquisition Corp., manufactures packaging products and papers, including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp. BZ is up 20% to $2.47. $2.78 could be double top. Critical level to watch for.
Stocks to watch out for…