|Bid||4.1000 x 900|
|Ask||4.1400 x 800|
|Day's Range||4.0500 - 4.4400|
|52 Week Range||0.9000 - 9.4300|
|Beta (5Y Monthly)||0.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 13, 2019|
|1y Target Est||N/A|
Momentum has re-entered the market with a vengeance, and it's done so in one of my favorite months of the year both seasonally and, of course, in my trading returns. The past week has seen the stocks I focus on completely change their characteristics from the choppiness that took over through most of August and September.However, the real uptick did start in the closing days of September when, on the 29th, I had my first six-digit net profit in about two months with great momentum in Aptorum Group Limited (NASDAQ: APM), Houston American Energy Corp. (NYSE: HUSA) and U.S. Energy Corp. (NASDAQ: USEG). It was a banner day, considering each of those stocks was making a 200%, 300% or 500% move in the premarket and they kept going higher even after the bell rang enough that I traded each one for five figures.While I haven't topped that performance this week, I have had a good string of solid green days, as well as one $100,000 on Tuesday trading Pioneer Power Solutions, Inc. (NASDAQ: PPSI).That Tuesday trade represented one of the cleanest moves I've seen since July, with PPSI popping up on my radar in the premarket after gapping up around 100%. I took some good trades on it in the premarket as it was running up over $3 for about $4,000. Unfortunately, I gave up that ground and then some on an opening trade in Westwater Resources, Inc. (NASDAQ: WWR).Kicking off the trading day in the red, I came back into PPSI around 9:45 as the stock broke resistance at $3.50 and took a trade on the first one-minute candle to make a new high. Out of nowhere, PPSI squeezed up above $4.30, barely missing several halt levels on the way up. I was in for about 40,000 shares through the move from $3.50 to the break above $4, with a bit small of a position in the move past that. All told I ended up punching the register for about $19,000 through that initial move,After chopping around that level for several minutes, PPSI again took off, going parabolic all the way above the $6 level. All through that move, I was adding at micro-pullbacks and selling on the breakouts, adding another $21,000 to my day.Finally, I circled back to PPSI on one final breakout above $9 at around 11. The stock spent sometime before then bouncing between the $6 and $7 range before it popped on a short squeeze decisively above $7.20, making the high-of-day move blasting through $8 and topping out at just shy of $9.50. I spent the rest of the hour tagging the stocks as it stair-stepped back down below $7 before calling it a day. I was a strong day for follow-through and it gives me hope we'll see more resilient charts as October rolls on. For anyone looking for insight and instruction how to make the most of whatever October will bring, we're running a special Oktoberfest discount at Warrior Trading of 40% on our most popular course packages. Check what's on offer and stayed tuned for more live trading updates from our Facebook account and Youtube channel.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Turning Base Hits Into Home-Run Trades * Trading My First Red Week After Six Months Of Green(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pioneer Power Solutions Inc (NASDAQ:PPSI) was trading 9% higher from the previous closing price. Mazurek Nathan filed a Form 4 with the SEC on Tuesday, August 25. The insider bought 1,000 shares at an average price of $1.40. After the transaction, the executive's stake in Pioneer Power Solutions Inc. moved to 31,000 shares.The Importance of Insider Transactions Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga * 14 Industrials Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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