APPS: Stock is in a strong rising channel and on Friday it traded up to lateral resistance at $2.00 closing at $1.96. Over $2.00 and I would look to go long with $2.25 and $2.50 as first targets. Short ratio, 12.5 days to cover.
ARWR: Nice looking junior biotech breaking above recent highs. It has broken through the declining tops line and holding support at $4.50. Over $5.25 and we should see $6.00 and then $8.00.
CBIO: Thin trader but stock has strong momentum. It is a rising wedge formation and pop over $15.50 and my price target is $19.00.
CPRX: Strong looking chart and every time it forms a wedge and breaks to the upside it goes higher. Now, the stock is forming another wedge formation and coming into the apex. I might trade it on a pop to the upside or wait for a move over $4.50. $6.00 price target. Short ratio 6.9 days to cover.
FENG: Chinese stock, like many in this sector, was very strong on Friday. It has popped to the upside from its wedge formation but is at lateral resistance at $7.50. Over $7.60 and we should see $8.25 and then $10.00.
GLYC: Stock exploded from $4.00 last year and has been building a base for the last 8 months or so. In November it start an up trending channel and recently broke out of it basing pattern. It is a strong chart. Over $19.00 and I would look to go long with $22.00 as the price target. Short ratio, 9.3 days to cover.
MARK: A stock I continue to like. Stock is in a rising wedge. A very powerful chart. On Friday it traded to $11.77 closing at $11.68. Over $11.80 and I think we will see $15.00 and then $20.00.
Thank You Bob
Awesome Watchlist, thanks!
i love your insight - thanks for posting
http://bit.ly/2oZVJz7
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