EPZM: Stock made a triple top around $19.00 over the last few months. Last week came up to that resistance and pulled back hard, down to support at $14.50. The last 4 days now it has recovered and broken through the lateral resistance (triple top). It traded as high as $19.60 closing at $19.25. If this should trade through the high then $21.50 is the first price target. Short ratio, 14.7 days to cover, so could add a lot of momentum to the trade.
EROS: Stock has made a V bottom pattern coming from $6.50 in a steep ascent the last few weeks. It is very difficult for a stock to maintain this angle of ascent. But it traded as high as $16.50 today closing at $16.10. If it can get over $16.50 then $17.00 and $19.00 are price targets. Short ratio, 12.8 days to cover so should keep the momentum going for a little while yet.
FOLD: Stock is in a consolidation pattern after gapping up in July. It is at the lower edge of its up trending channel line and on the moving averages. It really looks like it is going to go in the next day or two. It needs to trade above $14.40 with $15.00 and $17.00 as price targets. Short ratio, 11.8 days to cover, so when it goes, it could squeeze.
GLYC: A stock I wrote about yesterday continued with its momentum and broke through lateral resistance at $14.60 trading as high as $14.69 and closing at $14.66. I would look to go long over today's high with $17.00 as the first price target. Short ratio, 9.4 days to cover.
HMNY: Big day for this stock today trading as high as $6.40 and closing at $5.70. If it can get through $6.50, then next resistance is around $7.25.
MLCO: Strong day for gaming stocks and this one was no exception. It is in a strong up trending channel and looks to be starting wave 5 of a 5 wave pattern. It traded as $23.87, which is lateral resistance. It closed only $.09 off at $23.78. Through $23.90 and I would look to go long with $28.00 as the price target.
MYOK: After gapping up from $16.00 the stock as been forming an ascending channel. Today it broke out above lateral resistance at $44.60 and traded as high as $49.25 closing at $48.35. I would look to go long above today's high with $55.00 as the price target.
what is your price target for FENG?
$7.50
Hey Bob thanks for the great watch list.Any thoughts on EPZM now? Seem a fakeout.
Probably off with the general market ahead of FOMC comments
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