ADMS: A nice winner from last night's watch list. But it looks like the break out has just begun. It broke through lateral resistance and traded up to $30.49 closing at $29.96. I would look to go long over today's high. There is the previous all time high of $31.84 and then above that $36.00 is the target. Short ratio, 3.7 days to cover.
AXTI: Stock broke out today trading through lateral resistance to a high of $10.75 closing at $10.43. I would look to go long over today's high with a price target of $12.00 (top of the channel). Short ratio, 4.8 days to cover.
COLL: Stock continues to power higher. Today it traded as high as $17.96 closing at $17.60. It is at major resistance in here and the stock has doubled in the last two weeks. So, I wouldn't be surprised if it pulled back. But, with a large short position, the momentum may continue. Price target $21.00. Short ratio, 22.4 days to cover.
DAIO: Stock broke out today above lateral resistance today and traded as high as $13.96 closing at the top of its range. It is at the top of the channel so may run into resistance here. But if it breaks through the up channel line then $15.00 is the price target.
KRO: More of a swing trade but the chart is very strong. Today, it broke through lateral resistance and traded as high as $28.68 closing at $28.67. Top of the channel puts resistance around $35.00. Short ratio, 4.7 days to cover.
MARK: Stock has nearly doubled in the last week and is running into resistance at the $8.00 level. But if the momentum continues then $9.00 is the price target.
QNST: Stock had consolidated through September and October and then moved to form an ascending wedge. Today it broke out of that wedge to the upside trading as high as $10.06 before closing at $10.04. I would look to go long over today's high with $12.00 as the price target. Short ratio, 3.1 days to cover.
RIOT: Stock was trading in a long term base around $4.00 when last month it broke out and traded as high as $11.00. Since then it has been forming wedge formation. Yesterday and today it broke out of that wedge. Today it traded as high as $10.50 closing at $10.35. If it can get through $11.00 then $14.00 and $16.00 are price targets.
SRAX: Stock broke out of a wedge formation today trading as high as $4.43 and closing at $4.10. I would look to go long this stock over $4.75 with $5.75 and $7.00 as price targets.
XNET: Another big winner for this stock today trading as high as $19.57 closing at $18.99. It has nearly quadrupled in price in 2 months and is near the top of the up trending channel. So it is over bought and probably do for a correction. But, the momentum is very strong and $22.00 is the next price target if it continues.
Whats your take on ADMS and RIOT ??
Didn't make one last night
Riot over $14.25 with volume. adms
ADMS - higher, very strong chart
Join now or log in to leave a comment