Mark Holder
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Mark Holder in Out Fox The $treet,

Out Fox The $treet: July 24, 2017

Stocks to watch on Monday:

Glu Mobile (GLUU) - with two games approaching top 20 rankings on the iPhone, the stock is naturally attempting to break strong resistance below $2.80. Stock remains dirt cheap. 

Himax Tech (HIMX) - stock remains a battleground as weak short-term results are offset by future expectations. For this reason, one should probably buy the dips and sell the rips for now. 

Snap (SNAP) - lockup expiration approaches at month end, but Snap trades below $15 due to the Facebook (FB) issue. Stock might rally as the short pressure eases, but the valuation story hasn't changed. Avoid. 

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Disclosure: Long GLUU, HIMX