MidnightTrader’s Opening Bell Momentum Stocks

09:14 AM Eastern Standard Time, 11/20/2009 (MidnightTrader) –

DOWNSIDE MOVERS

DryShips (DRYS): Stock is lingering near the 6.15 mark late in pre-market trade, just above its session low of 6.10. Thus far this morning, potential ceiling levels developed at 6.40 to 6.30 and at 6.25 to 6.20, two areas shorts may want to eye if the stock should firm off current levels.

BioCryst Pharmaceuticals (BCRX): Stock is up from a pre-market low of 9.55, rising to a still downside range of 9.80 to 9.70. A tentative top formed through the first-half of this morning’s pre-bell between 10 and 9.85, an area that could have legs for shorts to catch weakness into the lower 9.80s or deeper into the mid-9s.

Novavax, Inc. (NVAX): Stock has recorded strong upside liquidity off the pre-market low of 3.25 to current levels at 3.40. Some of the most aggressive positive volume flowed through between 3.25 and 3.32, an area longs may want to watch as a possible floor support that could see pops back into the high 3.30s or up near 3.40.