Strong day on Wall Street today.  But more importantly the biotech index (LABU, XBI) broke out today.  It appears that the biotechs may be the recipient of the sector rotation out of semiconductors and tech stocks.  

CARB:  A stock I have been watching for some time and after consolidating for months it broke out today through lateral resistance at $22.00.  It traded as high as $24.00 closing at $23.60.  It is at the bottom of the up trending channel and this could be the start of either wave 3 or wave 5 of a 5 wave pattern.  I would look to go long over today's high with $26.00 and $30.00 as targets.  Short ratio, 6.4 days to cover.

FOLD:  Stock broke through lateral resistance today at $9.60.  It traded as high as $10.15 before closing at $9.88.  It is trading at the upper range of the up trending channel.  But if it can trade above today's high then $12.00 is my price target.  Short ratio, 12.6 days to cover so should add some momentum to the trade.

NK: A stock I wrote about last night but missed today.  It has been up for 7 days and today broke through lateral resistance at $6.80.  The stock traded as high as $7.12 closing at $7.08.  It is looking extended and I would like to see a pull back.  But, I would look to go long over today's high with $8.00 as a price target if it moves with conviction.  Short ratio, 7.3 days to cover.

NVCR: Stock made a nominal new 52 week high today.  It traded as high as $15.85, closing at $15.80.  If it can trade through today's high with momentum then $17.00 and $19.00 are the price targets.  Short ratio, 14.2 days to cover so it could add some momentum to the trade.  

OMER: Stock has been up 7 days in a row now but today's action was a bullish inside day.  It traded as high as $24.80, closing at $24.51.  Above $25.10 and the stock is headed to $27.00 and then $29.00.  Short ratio, 16.4 days to cover so the squeeze may continue.

PRTK: After spiking to $25.00 in April the stock has had an orderly 3 wave correction in a down trending channel.  Today it broke through the declining tops line and traded up to resistance at $25.00 closing at $24.20.  I would look to go long over $25.00 with $29.00 as the price target.  Short ratio, nearly 4 days to cover.

TRTN: Stock is in a strong up trending channel and today made an all time high $34.05 closing at $34.01.  If it can trade through today's high with conviction then $40.00 is the price target.