It was a very good day on Wall Street to start the week, and a bit of a surprise for a lot of people. A lot of stocks that we follow did really well, so we have a lot of stocks on the long side to cover, and a few to highlight here.
Axovant Sciences Ltd. (NYSE:AXON) had a big reversal day on Monday, going from 11.20 to 14.10, closing just 4 cents off the high, up 2.35 to 14.06, or 20%, on 1 million shares. There is, however, resistance at the spike high at 14.40. If it can get through there, it has a shot at getting up to 16.35, and from there, it’s on its way up to 20-21. But, for now, let’s see if this reversal day gets a follow-through.
Green Brick Partners, Inc. (NASDAQ:GRBK) is doing great, up 43 cents to 14.55, or 3%, on 455,300 shares traded on Monday. It’s been a while since this stock has gone up 5 consecutive days. Four days ago it was at 11.65, and on Monday, it was just below 15.00 at 14.93. Still, the target is in the 18-18 1/2-19 area. Initially, though, the target is 15 1/2, and then as high as 17 1/2-18.
Mobileye N.V. (NYSE:MBLY) appears to have had a breakout day on Monday. It had a double-top, consolidation, a reversal on Friday, it gapped on Monday, going through the moving averages, and ran up 4.49 to 64.14, or 7.5%, on a hefty 8.7 million shares. Look for this stock to hit 69.00.
Novavax, Inc. (NASDAQ:NVAX) swing trade stalled last week, but on Monday it reversed, going from 13.20 to 14.25, closing up 84 cents to 14.14, or 6.3%, on 4.3 million shares. It needs a little bit of a follow-through, but first it needs to get up to 14 1/2, and then 15. If it gets above that then 16 and 18 are targets.
Other stocks on the long side include AMN Healthcare Services Inc. (NYSE:AHS), Activision Blizzard, Inc. (NASDAQ:ATVI), magicJack VocalTec Ltd. (NASDAQ:CALL), Cytosorbents Corporation (NASDAQ:CTSO), Eros International (NYSE:EROS), Fortinet Inc. (NASDAQ:FTNT), Imprivata, Inc. (NYSE:IMPR), Inphi Corporation (NYSE:IPHI), NeuroDerm Ltd. (NASDAQ:NDRM), Paycom Software, Inc. (NYSE:PAYC), and Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP).