ABEO: On my watch list from $10.00 2 days ago today traded as high as $14.20 closing at $13.65. Stock has nearly doubled in 1 week on large volume. I wouldn't be surprised to see it pull back and consolidate in here. But if the momentum should continue then my new price target is $17.50. Short ratio, 10.8 days to cover. I would say shorts are already getting squeezed.
AJRD: A stock I have recently mentioned. Today it had a strong day breaking out above the up trending channel lines. It traded as high as $29.25 (all time high) before closing at $29.19. I would look to go long over today's high with $32.00 and $35.00 as the price target. Short ratio, 5.5 days to cover.
COOL: Stock looks to be in wave 5 of a 5 wave pattern trending up in a strong channel. It may have resistance at $34.00 from way back but I wouldn't give it too much credence. If this is wave 5 then this stock is headed to $40 and $45.00. Short ratio, 5 days to cover.
CORT: Stock is in a strong rising channel and today it broke out above the old high at $15.60 trading as high as $15.98 before closing at $15.54 (just below resistance). It is trading at the top of the channel as well. I would expect it to pull back and consolidate in this area. But if momentum should take it higher then $16.50 and $18.00 are price targets. Short ratio 6.1 days to cover.
CRBP: 1.5 years ago this stock was at $1.00 and ran to $11.00. Since October it has been consolidating (as expected after a 11 to 1 return on your money). Since May the range has been much tighter and today it broke through lateral resistance at $7.40 and traded as high as $7.90 closing back at (now) support at $7.45. This stock looks ready to go. I would look to buy it in the $7.40 range for a swing or over $7.90. Price target, $8.50 and $10.25. Short ratio, 17 days to cover so the short squeeze could add momentum to the trade.
HDSN: A stock I was accumulating over the last week after it spiked up on earnings and sold off hard. My average is $8.52. It found support in the mid $8 range along the moving averages. Today it popped nicely trading as high as $9.26 before closing at $9.16. It will find resistance at $9.50 and then $10.25. Short ratio 3.9 days to cover.
HTZ: Stock bottomed last June/July at $8.50ish and since then has been in an up trending channel. It looks like wave 5 of a 5 wave pattern has just started. Over $20.50 and I would look to go long with $25.00 as the price target.
IMGN: A stock I wrote about last night that had a strong day today. Today, it broke through lateral resistance and traded as high as $8.79 before closing at $8.47. If it can get through today's high then $9.50 and $12.00 are my targets. Short ratio, 5.6 days to cover.
KEM: Stock just continues to plow forward. It made another new high today trading as high as $23.40 before closing at $23.08. It is at the top of the channel so I would expect it to pull back. But $29.00 is the ultimate target.
MTCH: Big break out today for this stock. It broke through lateral resistance at $20.00 and $20.60 trading as high as $21.38 before closing at $21.21. There is a lot of open space above this stock now but a mid channel target would be $25.00. Short ratio, 10.8 days to cover so I imagine the shorts are on the run.
VERI: Ostensibly, one of the leaders in artificial intelligence. After the IPO the stock traded down to a low of $7.00. But since mid-August it has been straight up breaking into new high ground. Today it traded as high as $16.79 before closing at $16.66. As the price has doubled from the lows I am not in a hurry to chase this stock and will look for a good entry opportunity. If the momentum continues though, we could see $20.00 on the short term. Short ratio, 6.1 days to cover.
VSTM: Stock is in a nice up trending channel and looks to be starting wave 5 of a 5 wave pattern. Today it traded as high as $3.92 closing at $3.85. It needs to get through resistance at $4.00. If this is wave 5 then it should take it through resistance at $4.50 and then $6.00.
@Turbobob That's real dedication. Which strategy has been most profitable for you this year? Or which pattern has been the most consistent in 2k17?
@Turbobob Also in the CRBP you've mentioned 17 days to cover. Could you go into detail what that means?
I generally buy break outs or 1st pull backs.
@Aristotle Watch his video lessons, you'll know what it means
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