CDXC: Not sure how I missed this move from earlier, but a very strong chart. Stock traded as high as $6.68 today closing at $6.64. It is in a strong rising channel and today traded above the all time high. With this momentum I would look for this stock to trade into the $8.00 and $9.00 range. Short ratio, 9 days to cover, so it looks like shorts are going to be squeezed.
COLL: What a great trade this stock has been since its break out over $13.75. Today it traded as high as $16.90 closing at $16.82. It is, now, into an area of resistance and needs to get through $17.50. But above that and the price target is $21.00. Short ratio, 22.4 days to cover so shorts are getting squeezed.
HIMX: Stock is trading right up against major resistance and a move above it could be a critical break out. It traded as high as $11.95 today, closing at $11.82. I would look to go long over $12.00 with $13.50 and $16.00 as the price targets. Short ratio, 2.9 days to cover.
MRTX: After a big gap up in September the stock has been consolidating. Today it broke through lateral resistance and traded up as high as $19.25 closing at $19.00. I would look to go long over today's high with $21.00 and $25.00 as price targets.
VRAY: Stock broke out today above a flag pattern. It traded as high as $9.59 closing at $9.43. I would look to go long this stock over today's high with $10.35 as the price target. Short ratio, 14.1 days to cover so I think we will see a short squeeze in here.
XNET: Stock just continues to trend up in a rising channel. Today it held support on the bottom channel line and popped up through lateral resistance at $14.00 and traded as high as $15.45, closing at $15.18. I will be looking for an entry opportunity tomorrow for an extension into the $17 and $19.00 range.
Nice!
Do you think XNET has the potential to rocket into the 16's and 17's? lots of people short on this it could squeeze huge.
It is a strong chart and I think if it breaks over $15.50 then $17.00 is the price target.
got it. i also should've covered my SBH today in the low 14's but i didn't and it shot all the way back up to mid 15's. learning to minimize risk from your covers, just learned the hard way this time
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