The stock market had a strange session on Monday, gapping down, running up, and then rolling over at the end of the day, and closing as a good day. It could have been a lot better, and also it could have been a lot worse. Let’s take a look at some of the stocks that acted well today.
Basic Energy Services Inc (NYSE:BAS), one of the junior oil stocks that is acting great, was up 46 cents to 8.31, or 5.86%, on 4.5 million shares. It has dropped from 30, all the way down to 5, based out for several months, formed a beautiful base, and on Monday, it pushed up and through the resistance line, and may very well test the gap around the 10-dollar level. Beyond that the targets are 11, and then 12.
EPAM Systems Inc (NYSE:EPAM) has been beautiful all year. The trend goes from 14, all the way up to Monday’s high at 67. This stock spiked and broke out after running up in Feb, consolidated for 4-5 weeks, and on Monday, popped 4.35 to 66.07, or 7%, on 20 million shares. That’s a breakout in new, all-time high territory. It looks like it may reach the top of the channel at 70 short-term.
Uniqure NV (NASDAQ:QURE), a stock I’ve never seen before, had a fantastic day on Monday. After breaking out of the base back in Aug of last year, retesting at 12-13, it has made its way all the way up to Monday’s high at 35.50. It gapped up and ran 10.75 to 33.61, or 47%, on 26.6 million shares. Normally where there’s this kind of gap, eventually they move higher, so look for it to run up towards the 38-40 range.
Roundys Inc (NYSE:RNDY) broke out of a big base in Aug-Sept of last year, had a 5-wave decline, snapped back and retested, and then broke out on Monday, up 60 cents to 5.73, or 11.7%, on 2.4 million shares. It went through two levels of resistance. The next target is up around 7.00.
Other stocks on Harry’s Charts of the Day included, Advaxis Inc (NASDAQ:ADXS), C&J Energy Services Inc (NYSE:CJES), California Resources Corp (NYSE:CRC), Green Plains Renewable Energy Inc (NASDAQ:GPRE), Matador Resources Company (NYSE:MTDR), Oasis Petroleum Inc (NYSE:OAS), Sigma Designs Inc (NASDAQ:SIGM), Sanchez Energy Corporation (NYSE:SN), ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO), United States Oil Fund (NYSE:USO), Weatherford International Ltd (NYSE:WFT).