ARRY: After a pull back from earlier this year the stock has been building a base. Today it traded up to that resistance at $9.03 and closed near the high at $9.01. If it trades through $9.20 I would look to go long with a price target $10.25 and $12.00. Short ratio, 8.6 days to cover.
AVEO: A stock I wrote about last night had follow through today breaking out to new highs. It traded up to $3.30 before closing at support at $3.10. I would look to go long over today's highs with $5.50 still as my target.
COOL: Very strong chart for this stock in a nice rising channel. It popped out of the corrective down channel which I would say is wave 4 of a 5 wave pattern. If this is the start of wave 5 then it has a long ways to go. It is at the bottom of the up trending channel. It needs to trade through $26.00. If it does then $30.00 is the next level. If it trades to the top of the channel in wave 5 then that would put the price in the $50.00 range. Short ratio, 4.1 days to cover.
KEM: Nice winner from my watch list last night with a $20.00 entry price. It traded as $20.92 closing at $20.80. I still have a $23.00 target for this stock.
MDXG: Stock has been building a base for the last few months and today it popped off of support and traded up to near resistance at $16.00 closing at $15.78. Through $16.00 and this stock is headed to $19.00 Short ratio, a whopping 23.1 days to cover. On a break out this short position could add a lot of momentum to the trade.
PDLI: Stock broke out of a flag pattern today and through a long term declining tops line. It traded as high as $2.87 and closed at $2.79. It should fill the gap to $3.00 in here and then $3.25. Above those resistance levels and $3.75 is the next target. Short ratio 16.4 days to cover.
SPPI: Another stock I wrote about last night that broke through my resistance level and traded as high as $9.70 and closed at $9.48. My price targets of $10.50 and $12.00 remain. Short ratio, 11.5 days to cover.
Thanks for the list Bob
Thanks. Even if you don't see replies we still read them.
I appreciate the comments.
Join now or log in to leave a comment