BXC: Stock had a massive day today trading up to $31.60 and closing at $28.03 on acquisition news and good earnings report. Hard to say where this will trade to on such a day as today but next resistance comes in at $36.00. That would be my near term target.
CASA: Recent IPO in this tech sector stock. It has, now, accelerated through the top of the rising channel trading as high as $31.13 closing at $29.88. It is all new high territory for it so lots of room to move. But it has had 3 strong days up and may be subject to some consolidation in here. But if the momentum continues, then $35.00 is the price target.
CDXS: After a big reversal day yesterday, the stock followed through with a spike up today trading as high as and closed at $12.80. $14.50 was the high back in 2010 and that is my near term target. Short ratio, 11.3 days to cover so could add momentum to the trade.
ECYT: Stock is ramping up but seems to have stalled at resistance at $9.32 closing today at $8.83. It may consolidate in here before heading higher, perhaps trading to the bottom of the channel around $8.00. But, if it can break through the $935 level with volume then the top of the channel comes in at $11.00.
INNT: Earlier this month the stock spiked up two days in a row going from $6.00 to $21.00. Since then it has formed a bull wedge. Today, at the apex of the wedge, the stock popped out and traded as high as $19.50 closing at $18.82. Over $21.00 and we could see $23.00 and $25.00. But it needs volume to push it through.
NETE: After Thursday pop, Friday's inside day, the stock continued to trade up very strong. It traded as high as $14.38 closing at $13.50 It has resistance at $15.00. But above that and we could see $20.00 and $25.00
NTNX: A stock I have been writing about since the low $20s traded as high as $51.63 today closing at $51.48. It has been up for 7 days in a row but the momentum is very strong. Targets are $56.00 and $60.00. Short ratio, 4.9 days to cover.
RCM: After a gap up last month the stock consolidated and today spiked through lateral resistance to trade up to $7.17 and closing at $7.16. The top of the channel comes in at $7.50. But through that level and $9.00 is the price target. Short ratio, 21.5 days to cover so could add significant momentum to the trade.
TWTR: Stock looks like it is ready to go. It is right at resistance at $36.00. If it can get through there targets are $39.00 and $45.00.
VIPS: Stock I put a swing trade out on today. It is in a rising channel and just bounced off the lower channel line. For a day trade, wait for it to break through $19.00 with $22.00 as the target.
ZYNE: Stock is in a long declining channel. But today it spiked up right to the declining tops line which is also lateral resistance. If the momentum continues and the stock breaks above $10.60, the price target is $11.75 and then $12.50. Short ratio, 4.1 days to cover.
Spot on with Endocyte!
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