Hot Stocks 2020 - Eastman Kodak (KODK)

Eastman Kodak Company (NYSE:KODK) stock continues to soar today, up another 50% to $12.  After a massive 200% rally yesterday, shares are red hot in pre market and KODK is probably the top stock to trade right now.

Yesterday, Eastman Kodak (KODK) received a large $765 million loan from the U.S Government to fix the medical supply chain.  KODK stock was trading in the $4's and quickly rallied into the $6's.  Right after the open, shares soared to $11.80 before selling off into the close.  Today in pre market, we are seeing a gap up as noted above.

Traders will be eyeing yesterday's high of $11.80 which will act as both support and resistance depending on the opening price.  After $11.80, there is a huge resistance level at $13.27 from 2018.

Try not to fall in love with Kodak (KODK) because its only a matter of time before shares fall back to earth.  These loans never really amount to anything of long term value.