AJRD: Stock is in an up trending channel. 2 weeks ago it traded to a high of $36.25 then having an orderly retrace. Yesterday it broke out of the flag pattern to the up side trading as high as $35.75 closing at $35.15. over $36.25 and we could see $38.00 and $40.00. Short ratio 4.6 days to cover.
BBRY: Two weeks ago the stock made a dramatic move off its base trading up near its recent highs at $11.75. Over the last week it formed a bull flag pattern and on Monday popped out of the pattern to the upside trading as high as $11.54 closing at $11.27. Over $11.75 and I think this stock rips. Price target $12.75 and $14.00. Short ratio 13.6 days to cover.
BIOP: Normally a low volume trader but recently stock has popped off its long term base and traded as high as $9.40. After a 2 day pull back it surged again yesterday trading as high as $9.16 before closing at $8.74. A move over $9.40 and this stock could go to the $13/14 level.
HMNY: Stock just continues to power higher trading as high as $23.49 before closing at $21.09. But I don't think this stock is done as it looks to go higher. If it stays in this rising channel then $28.00/$30.00 is the target.
INAP: Stock has been forming a descending wedge pattern since August. Last week it broke out of that pattern to the upside. Friday was a down day and yesterday it popped right back up to make a nominal new high as $5.04 closing at $5.00. I would look to go long over $5.04 with $6.00 as the price target. Short ratio, 24.3 days to cover so should add momentum to the trade.
KEM: Stock continues in its rising channel making new highs yesterday. It traded as high as $25.27 closing at $24.87. Price target $30.00.
MNKD: After breaking out of its base at $2.25 the stock has trade sharply higher to $6.50. The last two days have been inside days. I would look to go long over $5.75 with $6.50 and $8.00 as price targets. Short ratio, 6.4 days to cover.
MULE: Stock had a sharp move up yesterday trading right up to lateral resistance. It traded as high as $22.36 closing at $22.13. If the momentum can continue over $22.40 then $24.00 is the price target. Short ratio, 4.9 days to cover.
RADA: Stock broke out of a wedge pattern on Friday and followed through yesterday trading as high as $3.85 closing at $3.67. I am looking for a move to the $4.50 range.
@Turbobob , your checklists are really helpful. I see that you find stocks close to breakout level. How do you look for such stocks?
Most are % gainers or trading near 52 week \highs. I also look at a lot of charts.
great call on HMNY and MNKD today Bob!
thanks
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