Big markets, the indices started off well and then rolled over and traded lower into the afternoon. No real direction one way or the other.
CALA: Stock has come from $3.00 to $15.00 last month. Since then it has been in a wedge formation. But today, at the lower end of the up trending channel it found support and popped out of the down channel to the up side. It traded up to $12.00 which is resistance and backed off closing at $11.60. A move back through $12.00 and $15.00 is the next target. Above $15.00 and we should see $20.00.
CAMP: Big move on CAMP today. It broke out to the up side from its declining wedge formation trading up to resistance at $18.25 closing at $18.01. If it can break through resistance at $18.25, I would look for a price target of $19.50 and then $21.50. Shorts, 17 days to cover so could add a lot of momentum to this trade.
CBLI: Two days ago the stock exploded out of its trading range trading up to $5.00. Yesterday it pulled back sharply but held support at $3.25. Today it popped again trading as high as $5.55 closing at $5.10. I think that if it trades over today's high it could see $7.00 as my next price target.
CTRL: In early February, the stock broke out of its base at $12.00 and traded up to the $16.00 area where it has made a triple top. Today, it broke through that resistance trading as high as $16.34, closing at $16.08. If it can trade with conviction above today's high then I am looking for a target price of $18.50 and $20.00. Shorts 3.3 days to cover.
MDXG: Nice winner from my watch list this morning trading up to my price target of $11.70 closing at $11.51. I would look to go long over today's high with $12.00 as the next resistance. Through that price and $15.00 is the target. Shorts 32 days to cover, I think they are going to get hammered in here.
MZOR: A stock I have been writing about since it broke out above its trading range of $26.00. After 10 days of consolidation it popped again trading as high as $33.44 closing at $32.74. Over $34.00 and I think this stock trades to the top of the up trending channel at $40.00. Shorts, 10 days to cover.
NLNK: Dead cat bounce or restart of an over sold correction? After hitting a recent high of $25.00 the stock sold off sharply to $15.00. Today it popped up to resistance at $19.20, closing at $19.02. Look to go long over $19.20 with $25.00 as the target or short on a G/R move. Shorts, 5 days to cover.
RLGT: Stock is in an up trending channel and looks to be starting the 5th wave of a 5 wave move. It traded as high as $6.20 today closing on resistance at $6.07. There is lots of room to the upside on this stock and I would look to go long over today's high. $8.00 is the next price target.
RMTI: Stock broke through the declining tops line yesterday and continued with the momentum today trading as high as $8.00 closing at $7.85. It will find double top resistance at $8.50. But if it can break through that level then $10.50 is the target. Shorts, 32 days to cover. Can you spell short squeeze?
@Turbobob MZOR was a good pick..however its RSI is now 78 (overbought).....don't u think it will come down now?
I don't follow RSI.
ok..gotcha
Love his watchlist
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