Slope of Hope Blog Posts

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Four Momentum Stocks to Watch

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Polaritite, Inc. (COOL) jumped $3.90 to $30.95 on 1 million shares Wednesday. ┬áThe biotech and regenerative biomaterials company announced on June 4 a public offering of common stock. ┬áThe stock has nearly doubled from a mid-April low below $16, and recently broke out of a 2-week consolidation pattern, suggesting it is ready to continue the run. Wednesday’s close was the highest since late August, and a break through that level ($31.68), its highest close ever, could take the stock to the mid-to-high $30’s next.