$HYMC $BTTX $ICPT Morning Stock Watchlist 05/05/2022

Hycroft Mining (HYMC)

HYMC is moving to the upside on positive earnings and news. It made a big move from the 1.40 level to nearly 2. It is a larger cap industry stock so it might not see the volatility like a low float, but could very well see a slow up trend. It has been in a down trend the past weeks so a strong open could lead to an up trend. If it can hod VWAP and the 1.80 level on the open, it might be able to see a move towards 2. Then a break of 2 and 2.18 could lead to more upside. A break of 1.8 could lead to a retracement back to 1.40.

Better Therapuetics (BTTX)

BTTX is seeing a technical continuation play. It is breaking out over the 2.25 level in the premarket. If it can hold this level and VWAP on the open, it might see a move to the upside. The next significant resistance appears to be the 3 level. A break down past 2.25 might find support at 2.

Intercept Pharamaceuticals (ICPT)

ICPT has gapped up on positive news this morning. It made a monster move from roughly 16 to 24. It then retraced most of that move, with a brief consolidation at the 20.5 level, and now consolidating at the 19.25 level. If it can hold the 19.25 level on the open, it might see move back to the 20.50, but it has already made a huge gap so it really depends on how the open goes. If hard selling occurs it might find support at 18.

Recap