Market Overview
Wednesday’s regular session closed with a clear split between true continuation names and thin IEX prints. $GPRO was the session’s defining runner after the Starman Optical merger/AI-pivot headlines, exploding more than +37% on consolidated volume above 230M shares and still bidding in after-hours. Fresh catalysts also supported $SLS (AACR pancreatic posters), $MMED (Q1 beat, CE Mark, raised FY growth guide), $WRAP (BolaWrap POST-doctrine news), $SRAD (Wolfe Outperform initiation), and $EBS (BARDA CYFENDUS add-on). Those names held green versus the open and are the only ones that satisfy the post-open continuation filter with usable size.
Liquidity collapsed quickly below that group. $LABT, $BMRA, $SBFM, and $CANG printed on IEX size that is not tradeable for size, and $CANG finished red versus the open after the Q2 mining-impairment print. Premarket Thursday should focus on whether $GPRO can hold the $1.78–$1.80 AH base, whether $SLS/$MMED/$WRAP/$SRAD reopen green with sustained RVOL, and whether any of the micro-float names actually attract consolidated volume instead of another IEX-only print.
1️⃣ $GPRO (GoPro, Inc.) | 📷 Technology / Consumer Electronics
Current Status:
- Price: $1.790 (+46.72% | AH +5.92%)
- Float: 139.3M
- Volume: 232.3M consolidated / 3.38M IEX (1,340% RVOL vs ~17.3M avg)
- Key Times: High 15:52 ET, Support test 11:18 ET
Trading Levels:
- Intraday Range: $1.220–$1.820
- Key Support: $1.690 (close), $1.230 (prior close / gap shelf)
- Entry Zones: → $1.784 / $1.796
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $1.987 | T2 $2.130 | T3 $2.280 | T4 $2.450 | T5 $3.045
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: Earn, Breakout, AH continuation, high dollar volume
- Volume: 232.3M shares, $392.6M dollar volume (1,340% RVOL)
- Indicators: RSI 78, MACD bullish expanding, OBV rising, holding above VWAP and the $1.69 close
- Pattern: Momentum breakout / FGI-style continuation (daily + 15m)
- Catalyst: Definitive merger agreement with Starman Optical and AI/data-center pivot — company filings and press, September 1–2, 2026
2️⃣ $SLS (SELLAS Life Sciences Group, Inc.) | 🧬 Healthcare / Biotechnology
Current Status:
- Price: $14.14 (+6.48%)
- Float: 94.8M
- Volume: 184.3K IEX (elevated vs quiet tape; watch consolidated open)
- Key Times: High 14:41 ET, Support test 10:22 ET
Trading Levels:
- Intraday Range: $13.22–$14.28
- Key Support: $13.80 (VWAP zone), $13.28 (open/hold)
- Entry Zones: → $14.09 / $14.19
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $15.70 | T2 $16.83 | T3 $17.50 | T4 $18.40 | T5 $19.25
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: Pending catalyst, Double Top break attempt
- Volume: 184.3K IEX shares, $2.61M dollar volume (need full tape confirmation)
- Indicators: RSI 64, MACD turning up, OBV firm, above session VWAP
- Pattern: Double-top resolution / news grind (15m–60m)
- Catalyst: Preclinical SLS009 (tambiciclib) PDAC posters accepted for 2026 AACR Pancreatic Cancer conference — company PR, September 2, 2026; REGAL 80th-event watch still live
3️⃣ $MMED (MiniMed Group, Inc.) | 🩺 Healthcare / Medical Devices
Current Status:
- Price: $23.73 (+4.26%)
- Float: 248.6M
- Volume: 297.4K IEX (constructive for a mid-cap tape)
- Key Times: High 13:08 ET, Support test 10:05 ET
Trading Levels:
- Intraday Range: $22.40–$24.05
- Key Support: $23.10 (intraday shelf), $22.42 (prior close area)
- Entry Zones: → $23.65 / $23.81
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $26.34 | T2 $28.24 | T3 $29.50 | T4 $31.00 | T5 $32.50
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: News, Breakout, earnings continuation
- Volume: 297.4K IEX shares, $7.06M dollar volume
- Indicators: RSI 61, MACD positive, OBV rising, holding above VWAP
- Pattern: Post-earnings breakout / trend continuation (daily)
- Catalyst: Q1 FY27 sales $843M (+17%), CE Mark for MiniMed Flex, FDA Fit submission, FY organic growth raised to 10.5% — company PR, September 1, 2026
4️⃣ $WRAP (Wrap Technologies, Inc.) | 🛡️ Industrials / Security & Protection Services
Current Status:
- Price: $1.690 (+4.00%)
- Float: 41.6M
- Volume: 34.3K IEX (light; needs a real open print)
- Key Times: High 14:16 ET, Support test 11:02 ET
Trading Levels:
- Intraday Range: $1.610–$1.725
- Key Support: $1.640 (VWAP), $1.580 (prior demand)
- Entry Zones: → $1.684 / $1.696
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $1.876 | T2 $2.011 | T3 $2.150 | T4 $2.320 | T5 $2.550
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: News, Pullback-to-bid
- Volume: 34.3K IEX shares, $0.06M dollar volume (liquidity filter ON)
- Indicators: RSI 58, MACD flat-to-up, OBV stable, above VWAP
- Pattern: News pullback / higher-low grind (15m)
- Catalyst: New BolaWrap 150 de-escalation doctrine submitted toward California POST certification; follows ATF non-firearm ruling and WrapShield C-UAS expansion — company PR, September 2, 2026
5️⃣ $SRAD (Sportradar Group AG) | 🎯 Communication Services / Entertainment
Current Status:
- Price: $12.92 (+4.24%)
- Float: 207.4M
- Volume: 117.0K IEX
- Key Times: High 15:11 ET, Support test 10:47 ET
Trading Levels:
- Intraday Range: $12.38–$13.05
- Key Support: $12.55 (intraday), $12.30 (open shelf)
- Entry Zones: → $12.87 / $12.97
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $14.34 | T2 $15.37 | T3 $16.25 | T4 $18.00 | T5 $22.00
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: Analyst, Double Top reclaim
- Volume: 117.0K IEX shares, $1.51M dollar volume
- Indicators: RSI 57, MACD curling up off lows, OBV improving, above VWAP
- Pattern: Analyst-driven bounce off compressed base (daily)
- Catalyst: Wolfe Research initiates Outperform with $22 PT — September 2, 2026; prediction-market partnerships (Kalshi/Polymarket) remain the medium-term tape driver
6️⃣ $EBS (Emergent BioSolutions Inc.) | 💉 Healthcare / Drug Manufacturers—Specialty & Generic
Current Status:
- Price: $6.465 (+3.27%)
- Float: 52.8M
- Volume: 42.4K IEX
- Key Times: High 14:03 ET, Support test 11:36 ET
Trading Levels:
- Intraday Range: $6.210–$6.540
- Key Support: $6.320 (VWAP), $6.180 (prior demand)
- Entry Zones: → $6.442 / $6.488
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $7.176 | T2 $7.693 | T3 $8.25 | T4 $9.10 | T5 $10.25
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: News, Bull Flag
- Volume: 42.4K IEX shares, $0.27M dollar volume
- Indicators: RSI 55, MACD mildly positive, OBV flat-up, above VWAP
- Pattern: Bull flag off government-contract bounce (60m)
- Catalyst: BARDA contract modification ~$24M for CYFENDUS anthrax vaccine — company 8-K/PR, September 1, 2026 (follows June $52.7M ACAM2000 add-on)
7️⃣ $SBFM (Sunshine Biopharma Inc.) | 💊 Healthcare / Drug Manufacturers—Specialty & Generic
Current Status:
- Price: $1.180 (+3.51%)
- Float: 4.8M
- Volume: 4.1K IEX (too thin for size)
- Key Times: High 12:19 ET, Support test 10:58 ET
Trading Levels:
- Intraday Range: $1.130–$1.205
- Key Support: $1.150 (intraday), $1.120 (prior close zone)
- Entry Zones: → $1.176 / $1.184
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $1.310 | T2 $1.404 | T3 $1.520 | T4 $1.680 | T5 $1.850
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: PR, Pullback
- Volume: 4.1K IEX shares, $0.005M dollar volume
- Indicators: RSI 54, MACD neutral, OBV flat, marginally above VWAP
- Pattern: Low-volume pullback (avoid without consolidated surge)
- Catalyst: Health Canada approval of Atenolol generics (Aug 31, 2026) plus K1.1 mRNA in-vivo tumor-suppression / lung-cancer vaccine strategy update — company PRs, August 26–31, 2026
8️⃣ $LABT (Lakewood-Amedex Biotherapeutics, Inc.) | 🧪 Healthcare / Biotechnology
Current Status:
- Price: $2.750 (+2.61%)
- Float: 2.1M
- Volume: 11.7K IEX (micro-float, poor depth)
- Key Times: High 13:44 ET, Support test 11:09 ET
Trading Levels:
- Intraday Range: $2.660–$2.790
- Key Support: $2.700, $2.620
- Entry Zones: → $2.740 / $2.760
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $3.053 | T2 $3.273 | T3 $3.550 | T4 $3.900 | T5 $4.250
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: News, Breakout
- Volume: 11.7K IEX shares, $0.03M dollar volume
- Indicators: RSI 56, MACD flat, OBV thin, above VWAP on noise
- Pattern: Low-liquidity breakout (only valid if RVOL explodes at the open)
- Catalyst: Nu-3 Phase 2a iDFU prep and Zacks coverage update on Bisphosphocin platform — company/Zacks notes, August 25–26, 2026
9️⃣ $BMRA (Biomerica, Inc.) | 🔬 Healthcare / Diagnostics & Research
Current Status:
- Price: $2.200 (+2.09%)
- Float: 2.9M
- Volume: 1.1K IEX (untradeable unless the open multiplies size)
- Key Times: High 12:51 ET, Support test 10:33 ET
Trading Levels:
- Intraday Range: $2.140–$2.230
- Key Support: $2.160, $2.090
- Entry Zones: → $2.192 / $2.208
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $2.442 | T2 $2.618 | T3 $2.800 | T4 $3.000 | T5 $3.210
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: Earn, Trend Continuation
- Volume: 1.1K IEX shares, $0.002M dollar volume
- Indicators: RSI 53, MACD neutral, OBV meaningless on this size, above VWAP
- Pattern: Illiquid post-earnings drift
- Catalyst: FY2026 results, 100% of initial valid inFoods IBS Medicare claims paid at $300 CMS rate, $2.23M financing, B. Riley strategic-review mandate — company PR, September 1, 2026
🔟 $CANG (Cango Inc.) | ₿ Financials / Capital Markets
Current Status:
- Price: $1.920 (-2.29%)
- Float: 18.6M
- Volume: 967 IEX (failed continuation / no tape)
- Key Times: High 09:42 ET, Support test 13:27 ET
Trading Levels:
- Intraday Range: $1.880–$2.040
- Key Support: $1.900, $1.850
- Entry Zones: → $1.913 / $1.927
Entry Confirmation:
- Require 2+ consecutive 1m/5m closes above the entry zone with reversal or volume surge.
- Do NOT enter on first touch without confirmation.
- Targets: T1 $2.131 | T2 $2.285 | T3 $2.450 | T4 $2.700 | T5 $3.000
- Initial Stop Loss: Place a hard stop 3–5% below entry (maximum risk). Prefer structure whenever possible (low of the entry candle, most recent swing low, or key support). This distance is designed so that a hard dump triggers an exit while still protecting approximately 95–97% of the original capital.
- Trailing Stop (volatility-adjusted):
- High-volatility / high-RVOL runners (strong bullish sentiment, heavy volume, wide daily range, FGI-style continuation): Use a wider trail of 8–12% or approximately 2.5×–3.5× ATR. Give the stock room to breathe so you are not shaken out of a true runner.
- Medium-volatility / orderly grinders: 5–8% or 1.5×–2.5× ATR.
- Lower-volatility or slower names: 3–5% or 1×–1.5× ATR. Tighten the leash so profits are locked in before the move stalls.
Once price is extended, prefer trailing under the most recent higher low or under VWAP rather than a pure percentage. Never widen the trailing stop — only tighten it as the trade moves in your favor.
Technical Confirmation:
- Scanner Hits: Earn, Pullback — rejected on continuation filter (red vs open)
- Volume: 967 IEX shares, $0.002M dollar volume
- Indicators: RSI 46, MACD negative, OBV rolling over, lost VWAP
- Pattern: Post-earnings distribution / lower-high fade
- Catalyst: Q2 2026 results — $50.8M revenue, $81.6M net loss on mining impairments; AI/EcoHash commercialization started after quarter-end — earnings call, August 31, 2026