The big markets were quite choppy today which should be expected after two big up days. But, I would interpret it as a consolidation day.
AKBA: Huge move today trading from $9.20 to a high of $13.94 before pulling back and closing at $12.50. The $14.00 range is now a triple top for the stock going back over 3 years. The stock needs to trade over $14.25 to break through the triple top. With the pull back from the highs, the stock probably needs to consolidate to rebuild its energy. But if it can get through that level then $18.00 is the price target. 6.7 days to cover.
CNAT: A stock I first mentioned when it broke above $5.00. It has been in an up trending channel since march and today it traded as high as $8.47, closing at $8.26. It has broken through resistance at $8.20 and I would look to go long this stock over $8.50 with $9.00 and $12.00 as the targets.
CONN: I first alerted this stock at $11.00 when it gapped up from its base at $8.00. It had been in a strong up trend but today gapped up sharply and traded as high as $17.83, closing at $17.50. I would look to go long this stock over $18.00 with $21.50 as the price target. Shorts, 15.3 days to cover so should add a lot of momentum to the stock.
CYTK: Stock has been on a tear since it broke out through resistance at $14.00 on Monday. It traded as high as $16.90 today and closed right at the high. It probably needs to consolidate but if it continues on then the price target is $18.00 and $22.00. Shorts 6.4 days to cover.
LL: Another stock I have been writing about, had a key break out today trading through resistance at $24.00, trading as high as $24.84 before closing at $24.25. It looks like it is starting wave 5 of a 5 wave pattern. I would look to go long over $25.00 with $28.00 as the next target. Shorts 9 days to cover.
VRAY: Stock traded up to $10.50 in late March and then made an orderly 4th wave retracement. Today it broke through the declining tops line and lateral resistance. If this is the start of wave 5 it should take it up to the previous high and then into the $14.00 range.
Always real good plans Bob! Nice eprl
Bob, Have you been following OMER? you wrote about this a month ago with 16.47 break to 20 target, It broke last two days and now is hanging on support ..thoughts?
nEEDS TO BREAK $17.25
Sweet, thanks bud
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