Markets were strong most of the day but in the last 30 minutes corrected sharply.
AKAO: Nice move in this stock today up $1.53. It reached a high of $25.73, closing at $25.61. It is in a small up trending channel. There is resistance at $27.00 and $28.00. If it can get through those areas with conviction then $33.00 is the target. Short ratio, 4 days to cover.
AUPH: Stock nominally broke out of the declining tops line today trading as high as $7.43 closing at $7.38. But after hours the stock has popped another $.20 to $7.60. It needs to get over $8.00 but if it can then $10.00 and $12.00 are the targets.
CMRE: Stock broke through the upper resistance line and traded to the next resistance level at $7.90 before pulling back to $7.68. I would look to go long over $8.00 with price targets of $8.50 and $9.50.
EHTH: On Friday it gapped up sharply and today had a follow through day. It traded up to a high of $15.14 closing at $15.02. The $15.00 area is resistance and I would look to go long if it can break through that level. If it can, $17.00 is the price target. Short ratio, 8 days to cover.
HIIQ: Stock broke out of a base today and traded as high as $17.87 closing at $17.75. If it can trade through today's high then $19.00 is the price target.
MOMO: Stock continues to trade higher. Today it broke through a double top trading up to a high of $39.95 closing back at support at $39.43. This looks like the start of a new move for the stock with a price target of $43.00.
MTCH: Stock broke through a triple top resistance level today trading up as high as $19.35, closing at $19.17. It has been in a strong up trend the end of March. I would look to go long over today's high with resistance at $20.00. Above that and it is clear sailing probably to the mid $20s range. Short ratio, 11.8 days to cover.
UCTT: Stock broke through both the top of the rising channel and lateral price resistance to close at a new high of $20.63. I would look to go long over $20.75 with a price target of $25.00.
NVCR thoughts? slow mover and keeps touching resistance
Looks like it wants to trade higher. Swing trade for sure. Good support at $11.75.
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