Dow and S&P hit new all time highs again today, though it was a mixed session with only narrow gains.

AVEO: After the big move up earlier this summer the stock looks to be in wave 4 of a 5 wave move.  Today the stock traded up to lateral resistance at $4.15 closing at $3.94.  I did enter a trade at $4.00 thinking it would carry through but it failed.  I will look to go long over $4.15.  If it punches through lateral resistance with conviction, then $5.50 and $7.00 are the price targets.  

AXTI: Stock broke out today trading as high as $9.70 closing at $9.40.  I am long the stock at $9.45.  I will look to add to the position above $9.70 with $11.00 and $12.00 as price targets.  Short ratio, 4.8 days to cover.

DVAX: Stock is in a strong rising channel but trading near the top of its range.  It has broken out over lateral resistance and if this momentum should continue then $28.00 is the price target.  Short ratio, 4.5 days to cover.

ECYT: Just when everyone thought this stock was done it rips back to the days highs near the close.  It traded back up to $6.25 closing at $6.10.  Over $6.55 and this stock could run to $7.00 and then $9.00.  

FOLD:  Stock continues to rise in an up trending channel.  Today, with a small gap, the stock traded as high as $16.60 closing at $16.24.  There is overhead resistance at $17.00 and $18.00.  Short ratio, 10 days to cover.  

GBT: Stock spiked out above its basing pattern and traded as high as $33.70 before pulling back and closing at $32.35.  It needs to get above $33.75 and if it can, then $36.00 and $41.00 are the price targets.  Short ratio, 8.8 days to cover.

I:  Nice follow through day today as the stock traded to the top of its up trending channel trading as high as $6.52 closing at $6.26.  It is trading near the top of its channel so may consolidate in here after two days of strong moves.  But a continuation and $7.00 then $10.00 are the price targets.  Short ratio 7.2 days to cover.

KNDI: Stock has moved from $3.50 to a high today of $8.75 closing at $7.95.  It has been a sharp move but the stock does have some history of this type of move.  Be careful as it is vulnerable to a pull back.  But if the momentum continues then $9.50 and $11.00 are price targets.  Short ratio, 16.8 days to cover so shorts really could get squeezed.

MIME: Low volume trader that has made a quadruple top here at $30.00.  Keep an eye on this for a move over $30.00 with $34.00 as the price target.

MNKD: Back in May the stock made a V bottom to a low of $.70 and then an extend right hand base.  Recently it broke out of its base pattern and the last two days has traded up very strongly.  Today it traded up to resistance at $3.60 and closed just off the highs at $3.54.  Over $3.60 and the price target is $4.50.  Short ratio, 6.4 days to cover.

MRTX:  A stock I have been writing about lately, now up 8 days in a row.  Today it traded as high as $15.00 closing at $14.95.  There is lateral resistance here.  But if the momentum continues I would look for $17.00.  

VHC: A stock I trade two days ago on the break out.  It paused yesterday and then exploded again today.  It traded as high as $7.50 and closing right at the top of its range.  There is resistance at $8.00 and $10.00.  Short ratio, 64.7 days to cover.