ADMS: Stock is up sharply after hours on positive drug news from the FDA. It has spiked up to a high of $20.50 and and currently is $19.70. Lateral resistance is around $19.50 (now support). But with a huge short position this stock may squeeze higher. Price target, $22.00 and $26.00. Short ratio, a whopping 30.8 days to cover. It will be interesting to see what the morning brings.
ARRY: Stock remains in a strong up trending channel trading as high as $10.11 today before closing at $9.99. It is right at lateral resistance and needs to trade through $10.30. But above that then $12.00 and $13.50 are price targets. Short ratio, 8.6 days to cover.
ARWR: At the end of last year the stock gapped down sharply from $4.00 to a low $1.25. Since then it has been building a base and several times tried to break above lateral resistance at $2.50. Today it move above the resistance and traded as high as $2.83 closing at $2.81. No recent news but something must be going on. Price targets of $3.25 and $4.00. Short ratio, 8.4 days to cover.
CDNA: Stock was up sharply today on news that their drug will receive Medicare coverage. It has been forming a U-shaped bottom since April and today moved sharply higher trading as high as $3.60 before closing at $2.86. I would want to see it trade above $3.25 for a starter and above $3.60 to add. $4.00 and $5.00 are price targets.
CO: Chinese stock that had a built a long base over several years in the $6.00 range. Last March it started an up trend and has been in a strong rising channel ever since. Today it gapped sharply higher on earnings results trading as high as $15.49 before closing at $14.00. I'll be watching this over $14.25 to see if the up trend can continue. Price target $15.00 and $16.00.
why CO over 14.25 and not 14.17 or 14.5 ?
$14.17 woud be the break out, but $14.25 gives it some time to prove it is moving. You can take it at $14.17 if you like.
im not trading it... just asking for info ... thanks a lot
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