ANF: Stock broke through a declining tops line and up to lateral resistance at $14.50 closing at $14.22 on take over rumors. If it can get through $14.50 I would say $17.00 is the next target. Short ratio, 5.5 days to cover.
ARRY: After hitting a high of $13.50 back in February the stock has been in a down trending channel trading as low as $6.50. But, today there was a break away gap with the stock trading through the declining tops line and running into lateral resistance at $9.25. It closed mid range on the day at $8.43. If it can get back up through the resistance at $9.25 then I think this stock has lots of room to move. My price target would be $12.00 and $13.50. Short ratio, 7.2 days to cover.
CALA: Stock popped out of a 2 month bull coil trading as high as $13.45, closing at $13.25. I wouldn't be surprised if it tested March's high of $14.90 as early as tomorrow. Through that level and $17 and $19 are price targets.
DDD: A stock I wrote about on Monday with a $19.25 entry level. Huge thrust today trading as high as $20.65, closing near the top of the range at $20.55. It has traded up above the 1 year coiling pattern and through lateral resistance at $20.00 I would look to go long this stock over today's highs with $23.00 and $27.00 as price targets. Short ratio, 14.85 days to cover so should add momentum to the trade.
IPXL: Stocks look to have broken the neckline at $16.00 of a reverse head and shoulders pattern. It traded as high as $16.80, closing at $16.55. But not only did it break through lateral resistance but also a long term declining tops line. There is lots of room for this stock to move and $21.00 is my first target. Short ratio, 4.2 days to cover.
LL: Last month the stock traded up sharply to $24.85 and then sold off sharply. After a few days of consolidation it gapped up again today right to resistance. If it breaks through $24.85 then I could see this stock run to $30.00. Failure to do so and I would look to short the triple top. Short ratio, 5.5 days to cover.
NTRA: Stock had a big move today breaking through the declining tops line and lateral resistance at $10.00. It traded as high as $11.24, closing at $10.67. I would look to go long over today's high with $13.00 and $14.00 as price targets. Short ratio, $14.83 days to cover.
NVMI: Good follow through from yesterday's move trading as high as $2345, closing at $23.10. It did close right on resistance. I would look to go long over today's high with $25.00 as the target.
TDOC: Another big day for TDOC up $2.00 from my watch list entry level from yesterday. It traded as high as $30.98 closing at $30.75. If this momentum continues I have a price target of $35.00. Short ratio, 25.9 days to cover so should add a lot of momentum to the trade.
ZPAS: OTC stock that is a typical pump pattern. Today they put out news that they were not aware of who was promoting there stock.... Right, and if you believe that I have a bridge I can sell you. The stock sold off hard on the news and then bounced into the $3.20 area. I shorted it on the way up with a $3.03 average. I will look to short more if it bounces back to $3.20. Likely it goes back to $.50 or less.
I remember IPXL being a short target when it was in 20s, think you wrote it like 6 months ago.. haha looks like it has completed the circle now. How is trading with 18k limits going so far? share us an update.
I played $VRX yesterday and looks like it wants to keep going up with news again. Large float though (300M) but nice chart pattern. Over $13 could be a nice entry
April - yes it did break out fo a wedge. Bull coil is just another name for it.
Aaya - I have upped it to $30k per trade. And nothing has changed just potential for bigger losses....
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