Harry has posted Charts of the Day video on ACHN at TheTechTrader site noting: Achillion Pharmaceuticals, Inc. (ACHN) popped out of its pattern on Tuesday, got up to 12.62, but it closed rather poorly, in my opinion, at 11.94, or 17 cents, and only 1.44%, on 6.6 million shares. The truth is it’s a lot of stock, but it didn’t close well. It could be a sign of distribution, but I don’t think that’s the case. A lot of cross concepts for sure, but it’s still holding its moving averages, and it has broken back out, and closed right on resistance at the 11.94-12.00 range. So let’s just see if there’s a follow-through, and if there is, I’m looking for a retest of the 13.80 range, and then 15.00.
Harry has posted Charts of the Day video on RWLK at TheTechTrader site noting: ReWalk Robotics Ltd. (RWLK) also had a good day on Monday, up 3.18, or 12%, on 506,700 shares traded. It came out and popped, and then drifted down from the declining channel. Two declining topslines were broken, and it punched through the moving averages. Watch resistance at 30, it may reach that Tuesday morning. Between 30-31 1/2 are scalp targets, but my swing trade target is mid 30’s, around 35.
Harry has posted Charts of the Day video on CYBR at TheTechTrader site noting: Cyber-Ark Software Ltd. (CYBR) had an excellent day on Monday. Always look at an IPO on a 15-minute basis for more chart data. This stock backed and filled for three weeks, or so, and broke out over the last couple sessions. You can see a spike up, it reached the post-IPO high at 35.88, and on Monday, it spiked up again, up 4.84, or 16%, on 3.9 million shares. The short-term target on this one is 39.40.
Harry has posted Charts of the Day video on BMY at TheTechTrader site noting: Bristol-Myers Squibb Company (BMY), which I’ve been hearing fundamentally, but from a technical standpoint I saw the breakout of a beautiful base that took six months to develop. Such a short move requires some sort of pullback consolidation, which may have begun on Monday. It was only off a dime. The volume increased a little bit. I just think that if that stock pulls back in this zone and consolidates, it’s headed to much higher levels. First, a retest of the early year’s high at the 57 range, and if it gets through that, we could see 63ish. Those are the targets.
Harry has posted Charts of the Day video on BABA at TheTechTrader site noting: ALIBABA GROUP HOLDING LTD (BABA) is a recent IPO. After the IPO pop, it came down from the 109 range to the low 80’s, towards the 82-81 low. In a week and a half it’s gone up from there to Monday’s high of 98.85, up 2.03, or 2%, on 28 million shares. It has been up 8 out of 9 days. There’s a possibility of two or three things, and either it pulls back, or it blows through it. As early as Tuesday, this stock may pop, and with a lot of companies coming out with recommendations of 120-125 targets. It could extend. Keep an eye on it. If it gets above the 97-99 area, it may start to run a couple points.
Harry has posted Charts of the Day video on RGLS at TheTechTrader site noting:Regulus Therapeutics Inc. (RGLS) had a spectacular day on Wednesday on strong hepatitis-C drug news. This stock exploded, almost 200% at one point, from the 6.00, and change, level, which is where it closed on Tuesday, to as high as 18.33 on Wednesday pre-market, and then it pulled back to as low as 11.13. However, it closed at 13.75, up 6.98, or 103%, on 20 million shares. If it can get back above 15-15.20, I think this stock will be an 18-19 dollar stock. So keep an eye on this one.
Harry has posted Charts of the Day video on BIOF at TheTechTrader site noting:BioFuel Energy Corp. (BIOF) has been working well for us. You can see the snapback from my recommendation down in the 5 3/4 range. It had a target of 8.00 on Tuesday, which it hit and backed off, and on Wednesday, it had a nice inside day. Even though the volume was low it was an up-day, up 34 cents, or 4.6%, on 559,000 shares traded. It may be pausing in here. Hopefully, the better it looks in terms of hard pauses. The next target is 9.00.
Harry has posted Charts of the Day video on BABY at TheTechTrader site noting:Natus Medical Inc. (BABY) is a stock we traded back in Oct 2013 when it broke out, consolidated, had a nice swing trade put on it that worked, consolidated for six months, popped, consolidated for a couple more months, broke out, pulled back, and was a little choppy, but on Wednesday, it popped 55 cents, or 1.7%, on 865,000. That’s the biggest volume since Jan. It got up to 33.20, which is a new all-time high.
Harry has posted Charts of the Day video on AGIO at TheTechTrader site noting:Agios Pharmaceuticals, Inc. (AGIO) popped to 76.98, before backing off and closing at 73.83 on Wednesday, up 92 cents, or 1.26%, on nearly a million shares. It wasn’t a great close, but you can see that as a new all-time high, it appears. Post IPO all-time high. I’m still looking for some more upside. If the market cooperates, this stock could get up to 90. The first target is 80, and then 88-90. It needs strong momentum.
Harry has posted Charts of the Day video on AVNR at TheTechTrader site noting: Avanir Pharmaceuticals, Inc. (AVNR) has progressed well, and on Tuesday, it popped, getting as high as 12.36, right at resistance and backed off. It was up 11 cents, or .94%, on 3.9 million shares. Volume needs to be higher. At the bottom of all this is a bullish flag, and if it breaks out, I could see 18-19 on this stock at some point.
Harry has posted Charts of the Day video on ANAC at TheTechTrader site noting: Anacor Pharmaceuticals, Inc. (ANAC), another biotech that is acting phenomenal, is at the highest level I’ve ever seen in this stock. It broke out across the trading range, and multiple tops on Monday, and followed through nicely on Tuesday, up 82 cents, or 3%. If there’s more upside, perhaps to 34-5.
Harry has posted Charts of the Day video on AKRX at TheTechTrader site noting: Akorn, Inc. (AKRX) had a nice breakout of a consolidation range and has been up three days in a row. On Tuesday, it was up 2.28, or 5.8%, on 3.2 million shares. Like the market itself, it got over extended. It may very well extend to 45, which is the next target on this stock.
Harry has posted Charts of the Day video on AGIO at TheTechTrader site noting: Agios Pharmaceuticals, Inc. (AGIO), which we’ve been looking at for the last few sessions, has broken out of its consolidation, formed a double top, and ran on Tuesday as high as 73.99, up 4.65 or 7%, on 872,000. That’s the best volume in four sessions. It looks like it’s on its way to test as high as 90.
Harry has posted Charts of the Day video on SUNE at TheTechTrader site noting: SunEdison, Inc. (SUNE) is looking good. I am very pleased about how it had pulled back on Friday, and then snapped right back on Monday, holding support, and then moving up 1.28, or 7.7%, on 25 million shares. That’s very heavy volume. There may be some more upside up toward the 20-21 zone.
Harry has posted Charts of the Day video on NQ at TheTechTrader site noting: NQ Mobile Inc. (NQ) had a nice day on Monday. After the spike down in July, the spike up, and then consolidation, this stock had gone from 5.68, all the way up to 9.35 in the last four weeks. More importantly, on Monday, it broke out over the August highs. Now we can set up a target around 10 1/2-11.
Harry has posted Charts of the Day video on BDSI at TheTechTrader site noting:BioDelivery Sciences International Inc. (BDSI) is one of our swing trades and is looking great. It spiked down, took out some stops, and ran right back up four days in a row. This rally is taking a lot of the biotech stocks up with it. The resistance on this stock is going to be at 18, and if it gets through that, look for it to head up to the 20-21 zone.
Harry has posted Charts of the Day video on LAKE at TheTechTrader site noting: Lakeland Industries Inc. (LAKE) is very much like APT. It had a big reversal day on Tuesday, with no downside follow-through, and had an inside day on Wednesday. It’s very unusual, but again, the lows in this range at 20 1/4 to 20 3/4 are key support. I am going to put a stop under there. If it consolidates for another day or two, that’s fine, but as early as Thursday, it could explode.
Harry has posted Charts of the Day video on CLDX at TheTechTrader site noting: Celldex Therapeutics, Inc. (CLDX) snapped back on Wednesday, up 1.01, or 7.3%, on 3.3 million shares. That’s the biggest volume in a couple months. So good tidings as this stock basically broke through the declining topsline, got up to the 50-day, and broke through it. The next target for me is 15.70, and beyond that, around 17. Those are the targets going forward.
Harry has posted Charts of the Day video on APT at TheTechTrader site noting:Alpha Pro Tech Ltd. (APT) continues to run. After a big reversal day on Tuesday, it couldn’t follow through to the downside and gapped up, but it had an inside day. The volume was lower. So what we’re going to watch carefully is a little wedge that forms, maybe another couple more days here, and then it explodes. I still think there’s the possibility that it could move into the low, maybe even mid-teens. So keep an eye on this one with a stop underneath Tuesday’s low at 7.00, and then we’ve got to exit.
Harry has posted Charts of the Day video on GPRO at TheTechTrader site noting: GoPro, Inc. (GPRO) was absolutely whacked on Tuesday, but may be oversold short-term. It broke the neckline at the 52 range and has gotten down ten points already.