Indices were very strong today making new highs.  So much for my talk of a pull back in February.  It will come, but for now the trend is your friend.

AKAO: Probably tired of me writing about this stock.  But, like the energizer bunny, it just keeps going.  It broke above yesterdays high at $20.22 and traded as high as $20.64 before closing near support at $20.38.  It now has been up for 7 days in a row.  It is trading right near the top of its up trending channel and with 7 days up, it may find some consolidation in here.  Originally, I had a price target of $23.00.  But, if this strong momentum in the 5th wave of a five wave pattern, we could see this stock trade in the mid $20s.

AQMS: Spectacular day for this stock today, up $4.75 or 41% on news that Johnson Controls took a 5% stake in the company.  I traded it three times today, buying the first and second pull back and selling into the spikes and then the final break over HOD.  I had planned to hold overnight but it sold off and I locked in my profits.  It traded as high as $17.12, closing at $16.16 with profit taking coming at the end of day.  If this momentum continues and with shorts, 12.7 days to cover, it needs to break through the $17.12 level and then my price target is the mid $20s.  Fasten your seat belt.

ARRY: I have been watching this stock since it broke above $7.00 and then $9.00 but didn't write about it as it is a large cap stock with a market cap of $2.1 billion.  And to show that I am a hipster, my bad (I don't get it either).  But, today, it broke out of the descending wedge, right at the apex, which was also right on the up trending channel line.  It was up $1.86 today on 10.8 million shares.  It traded up to and closed right at resistance at $12.56.  If the momentum continues, $14.75 is the next price target. Shorts 4 days to cover.  

AVXL: Stock has broken out above resistance at $5.00 and made a steady up trend over the last week trading as high as $5.77.  Pulling back yesterday on low volume, it bounced today and traded up to the high of $5.77.  After hours, though, it is trading at $5.90.  I would look to go long over the after hour/pre-market highs with $7.00 as the price target.  With 7.3 days to cover, shorts could add momentum to the trade.  

CLF: The stock popped out of its descending wedge formation and traded through lateral resistance today trading as high a $11.65 closing at $11.37.  It is in a strong up trending channel and popped of the lower level of its channel lines.  It traded a whopping 91 million shares today. If this momentum continues then the price target is $14.50 with $20.00 at the upper range.  Shorts 3.5 days to cover.

ETRM: In early January this stock broke out above resistance at $5.00 and spiked up to $30.00.  It then retraced back to support at $5.00, bounced to $10.00 and came back and retested support at $5.00.  Today it was up $1.03 on 8 million shares of volume closing at $8.15. Tomorrow if this trades through $8.60 then I would look for $10.00 as my next target and then $13.00.

FTK: The stock made a 5 wave decline from $17.00 down to a low of $9.00.  Since then it has been in a fifth wave consolidation.  Today it gapped up out of that range of $11.00 and through the declining tops line.  It traded as high as $12.41, closing $12.22.  I would look to go long over today's high with a price target of $14.00 and then $15.00. Shorts 10 days to cover, so should add momentum to the trade.

OREX: In early January the popped from $1.65 up to $4.00.  Then over the next month it consolidated.  Last week it broke out of the descending tops line and through lateral resistance moving up to $5.00.  After backing off for 1 day and then testing the resistance at $5.00 yesterday, it broke out trading as high as $5.49, closing at $5.43 on 1.7 million shares of volume.  I would look to go long over today's high with $6.50 the next target and then $8.50.  

OSUR: Stock gapped up today on earnings trading as high as $11.41 closing at $10.49 on nearly 5 million shares.  It broke above the upper line of the up trending channel but stalled out at the lateral resistance at $11.50.  If it can break through the overhead resistance then $14.00 is the next target.