CORT: Stock broke out of lateral resistance 4 days ago through the $13.25 level. Yesterday it had an inside day and today popped out and continued its climb. It traded as high as $15.08 and closed right at the top of its range. With a big short position, we may see this stock continue to squeeze with $16.00 and $18.00 as price targets. Short ratio, 10.2 days to cover.
CSIQ: Solar stocks remain strong and CSIQ popped out of the wedge formation and traded as high as $17.84, closing at $17.63. It needs to trade through $18.10 with a price target of $19.50. Short ratio, 4.1 days to cover.
DVAX: Stock continues to trade in a strong pattern where it broke above recent lateral resistance trading as high as $18.70 before closing at $18.40. It does have lateral resistance at $19.00 with $23.50 as my target. Short ratio, 3.5 days to cover.
EDIT: Stock broke through lateral resistance today after forming a V bottom and then a platform. It traded as high as $19.77 before closing at $18.61. I would look for a dip buy entry at $18.00 if it holds support or over today's high. Price targets of $21.00 and $23.00. It could squeeze higher with a short ratio of 10.3 days to cover.
FOLD: Stock is trading at the bottom of its up trending channel and today broke out of the wedge formation. It needs to trade through lateral resistance at $14.05. If so, $15.00 and $18.00 are price targets. Short ratio, 7.2 days to cover.
KEM: A stock of have been writing about since it broke through lateral resistance at $7.00 and then $15.00. Today it broke through lateral resistance at $18.00 and traded as high as $19.15 closing $18.95. It it can trade over today's high then I would look for it to trade to mid channel range of $22.00 and then high $20s.
MOMO: MOMO has momo closing at an all time high ($45.99) after trading as high as $46.18. If it can trade over today's high then $48.00 and $51.00 are price targets.
MTOR: Stock was trading at the lower edge of a rising channel when last week it broke above lateral resistance and traded to $19.00. After an inside day Friday it made a double top today. If the momentum can continue and break through the double top then $23.00 is the price target. Short ratio, 9.2 days to cover so it could add momentum to the trade.
MYOK: Huge gap up today on massive volume. It traded as high as $32.30 closing at $31.45. It is not unusual to see a stock that has gapped this far continue to work its way higher. I wouldn't be surprised to see this trade into the $35.00 range on the short term. Short ratio, 4.4 days to cover.
VSTM: Stock recently popped to $4.65 and then pulled back and has been forming a base. Today it traded up to that lateral resistance it has been forming trading as high as $3.94. If it can get above $4.00 then $4.50 is my target and then $6.00.
thanks bob
Great watchlist Bob
Thanks
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