Biotechs (LABU) did very well today trading up to resistance at $90 (up from $45 where I wrote Biotechs would help lead the markets high).  This ETF looks poised to break out with $100 as the price target.

ABEO: Positive inside day today on this stock.  after popping out of the wedge last month and trading up to $17.90.  The stock formed a down trending channel which last week it broke out of to the up side 3 days ago.  On Friday it traded to $18.90.  Today's high was $17.89 closing at $17.75.  I would look to go long over $17.90 with adds over $18.90.  This stock looks like it is headed to $20.00 and then $24.00.  Short ratio, 5.2 days to cover.

ABUS: After building a long base under $4.00 the stock last month broke out and traded as high as $7.85.  It then had an orderly pull back and traded down to support at $6.00.  On Friday is was a low volume ebb with very little trading range.  Today, it had a huge engulfing bar and traded as high as $7.35, closing at $7.25.  I would look to go long over $7.85 with $9.00 as the price target.  Short ratio, 3.6 days to cover.

DRNA: Stock has come from $2.75 to $6.33 in a month.  But today was a big move for it trading as high as $6.33 closing at $6.27.  It is, probably, on the short term, over bought.  But if the momentum continues we should see this stock at $9.00.

DVAX: Big winner from my watch list last night with the $21.85 entry level.  Stock broke through lateral resistance and traded as high as $23.68 closing at $23.25.  It is right at the top of the channel.  But if the momentum can continue then $28.00 is still my target.

ECYT: Game changer news today for the stock and the price reflects it.  Stock traded as high as $3.75 today closing at $3.63.  But after hours it is trading in the $4.35 range.  We will have to see how it opens ion the morning but next resistance is $5.50 and $6.50.  

HMNY:  Don't ask me why traders short the front side of a move.  It can't be that profitable.  Having said that, the stock has come from $2.25 to $14.00 in 3 weeks.  Today was a bullish inside day but double topped at $14.00. It is true, stocks cannot run straight up at this angle for long.  But, wait for the signal before trying to go short.  If you want to scalp, play the trend (which is up) it is far more profitable.  If the momentum should continue, over $14.00 and $16.00 is the next target.  But I would be careful looking to go long at this level.

KNDI: After exploding out of its base formation at $4.70, the stock traded up to $6.75 today closing at $6.65.  It has broken through all of the resistance levels and we should see this stock at $8.00 as the next price target.  Short ratio, a whopping 16.8 days to cover.  I would say the squeeze is on. 

NVMI: A nice break out today on this stock.  It traded as high as $30.72 closing at $30.46.  I would look to go long over today's high with $34.00 and $37.00 as price targets.  

PIRS:  I went long today on PIRS on the break out.  It traded as high as $6.25 closing at $6.21.  If the momentum continues then $7.50 and $9.00 are the price targets.  Short ratio, 4.9 days to cover.

VHC:  Stocked popped on a favorable court ruling and traded up to resistance at $6.36 closing at $5.55.  If it trades over $6.50 we could see this squeeze to $8.00 and even $10.00  An unbelievable 64.7 days to cover.