BMRA: Huge move for the stock on news its product was approved in China. Stocked gapped up traded as high as $9.32 closing near the bottom of its range at $5.30. The second day (tomorrow) will be key for the stock. Quite often as the news gets digested we will see it move higher back to the previous high. Down side risk is most likely $4.50. I will look for an entry opportunity in the morning.
CLDR: After spiking last year to $23.00 the stock collapsed and traded down to $14.00. Since then, it has been in an up trending channel. Today it broke through lateral resistance trading as high as $18.48 and closing at $18.28. Next resistance is $19.25 and then $20.50.
CMCM: Stock beat up today when I let a profit turn into a loss. But it the chart still looks strong. It traded as high as $15.73 closing at $15.23. If the momentum can continue $18.00 is the price target. Short ratio, 7.5 days to cover.
CORT: Stock hit a high of $20.86 back in October 2017. It then made an orderly declining channel trading down to $16.00. In December it changed direction and has broken above the declining tops line. Today it made a nominal new high at $20.94 closing at $20.81. I went long at $20.81 as a swing. My price target is $24.00. Short ratio 5.4 days to cover.
FOLD: Stock broke out of the declining channel last month traded up to $16.59 and pulled back sharply to the up trending channel line and 50 day average. Today was a big reversal day with the stock trading as high as $15.66, closing at $15.51. Over $15.61 and I would look for the stock to test the previous high at $16.59. Through that and $18.00 is the price target. Short ratio, 10 days to cover.
HMNY: A company I don't understand with its money losing business plan. But I trade price action so who am I to say. Stock gapped out above the descending tops line and up to resistance today trading as high as $9.90 and closing at $9.17. If this stock gets through $10.00 I would look for $12.00 and $15.00 as price targets.
MARK: Stock is in a strong rising channel and looks to be starting wave 3 of a 5 wave pattern. It traded as high as $14.18 closing at $14.15. I wouldn't be surprised if my target of $15.00 is hit tomorrow and then $20 (which is the top of the channel).
NVAX: After a huge gap down in September 2016 and a retrace to $2.50 the stock has been building a huge base. Today it broke out of that base trading up to $2.14 and closing at $2.13. If the momentum continues we should see it test the $2.50 level. Then through that and we see $3.00 and $4.00. Short ratio 13.8 days to cover. So we may get a short squeeze in here.
Thanks for the comments. It is apppreciated.
I'll be leaving here but you have been one of the reasons I have even pulled the chatroom up in the last few months. Thanks.
Follow me on Twitter @turbobob129 I post my watch list there
thank you...followed ;)
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