Nice recovery on the indices today. It looks like biotechs (LABU) may be at the forefront of the sector rotation. It has formed a base over the past 15 months. It needs to break through the quadruple top, but if it does, then the biotech game is on.
HDP: Stock has been in a nice up trending channel since $6.00. Today it broke out of a wedge formation. It traded as high as $13.39 closing at the top of its range at $13.38. There is resistance at $13.85. If it can get through that level then $16.00 is the price target.
HYGS: Strong run up over the last four days trading as high as $9.95 closing right at the top its range and $9.95. There is resistance at $10.50. Through that level and $12.00 is the price target. Short ratio, 5.9 days to cover.
NK: Nice strong chart on this stock. It has bounced of the trend line and moving averages. It traded as high as $5.66 closing at the top of its range at $5.63. It is right at resistance. But if it can break through that level then we should see a move to $6.75 and $8.00. Shorts ratio, 7.34 days to cover.
OMER: Well, every once in awhile you get lucky and highlight a stock that breaks out on good news the next day. Stock was up $2.00 from the $17.15 entry level and there was lots of opportunity to go long for big profits. It traded as high$19.91 and closed at $19.64. If it trades through $20.00, my new price targets are $22.00 and $24.00. Short ratio, 16.4 days to cover.
ORBC: I'll take a second stab at this stock as the last buy I put in happened when the markets were down 2% and I had to exit with a small loss to preserve capital. But, today it did break through the hod and traded as high as $11.29 closing at $11.18. This is a perfect swing chart. I would go long over $11.30 with $13.50 and $17.00 as price targets. Short ratio, 11.2 days to cover so should add a lot of momentum to the trade.
SGMS: Stock has bounced off of lateral support and rising channel line at $25.00. It traded as high as $26.70 closing at $26.60. I would look to go long over today's high with $35.00 as the price target. Short ratio, 11 days to cover so should add momentum to the trade.
TRTN: What a great chart. Nice up trending channel with a strong trend. Today it broke out over a double top and traded as high as $33.23 closing at $33.00. I would look to go long over today's high with $36.00 as the first target.
$6.10, not signifincant in my mind
Hey bob, where do you find news on stocks? I use feedly and seeking alpha, but it seem like I'm still missing out on good news..
Too many news outlets to list.
Nice calls on OMER and NK! They were on my list as well!
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