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4 Stocks Breaking Good This Week: AQMA, ATRA, TWMJF, XNCR

Published 05/21/2018, 11:59 PM
Updated 07/09/2023, 06:31 AM

Aqua Metals Inc (NASDAQ:AQMS), which we have a swing on, broke out, pulled back, formed a wedge, and broke back out again on Monday, popping 42 cents, or 12%, to 3.97, on nearly a million shares. What I need is a move over 4.22. If it gets through that, it should get up to the 5 3/4-6 range. The secondary target is above 8.00.

Atara Biotherapeutics Inc (NASDAQ:ATRA) finally broke out of the big coil on Monday that we were talking about over the last few months, jumping 1.40, or 2.8%, to 51.45, on 1.2 million shares. Over the last two months, it has been consolidating the big move it had in Dec, Jan, and Feb. It’s been up nine days in a row, and pulled back at the end of the day on Monday, but it still closed to the upside on the session. I’m looking for a target of 59-60, but it may get a pullback entry opportunity.

Canopy Growth Corp (OTC:TWMJF), a marijuana stock, has been up three days in a row. It was coming out of a consolidation on Monday, and jumped 2.35, or 8.39%, to 30.35, on 2.3 million shares. It’s still up against key resistance. However, if it gets through the 32-33 zone, this could be a 45-48-dollar stock.

Xencor Inc (NASDAQ:XNCR) has been up nearly every day in the last two weeks except for Thursday. On Monday, it popped another 1.11, or 3.24%, to 35.34, on 332,637 shares traded. It looks to me like this is headed to 42. Eventually, I would be looking for 49 and 55.

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Stocks on the long side included ACBFF), Aqua Metals (AQMS), ArQule Inc (NASDAQ:ARQL), Atara Biotherapeutics, Inc. (ATRA), Codexis Inc (NASDAQ:CDXS), California Resources Corporation (CRC), Cree, Inc. (CREE), Ceragon Networks Ltd. (CRNT), Endologix Inc (NASDAQ:ELGX), Foundation Medicine, Inc. (FMI), Intelsat S.A. (I), Renewable Energy Group, Inc. (REGI), Resonant Inc. (RESN), Teladoc, Inc. (TDOC), T2 Biosystems, Inc. (TTOO), Canopy Growth Corporation (TWMJF), VelocityShares 3x Long Crude linked to S&P GSCI Crude Oil Excess Return (NYSE:UWT), W&T Offshore, Inc. (WTI), Xencor, Inc. (XNCR), YRC Worldwide Inc (NASDAQ:YRCW).

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