Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

4 Stocks To Watch: CORT, GLYC, MARK, MRTX

Published 01/19/2018, 12:01 AM
Updated 07/09/2023, 06:31 AM

Corcept Therapeutics Incorporated (NASDAQ:CORT) has been a good swing trade for us all year. I gave it to you back in August at 13.95. It made the targets a couple times currently at 28 and 29. On Thursday, it was up 1.39, or 6.26%, to 23.58, on 1.8 million shares traded. It looks like the top of the channel may be tested very shortly. It comes in at 25.

GlycoMimetics Inc (NASDAQ:GLYC), one of our swings that we gave you on September 25 when it broke out, pulled back, retested, held support, and from there it moved from 10 to 22 1/2. On Thursday, it jumped 2.10, or 11%, to 21.75, on 836,677 shares traded. The target is 26.

Remark Holdings Inc (NASDAQ:MARK) is coming out of a 4-day flag on low volume. On Thursday, it popped 99 cents, or 8%, to 13.99, on 1.5 million shares traded. The volume wasn’t huge, so I’ll reserve judgment as to how quickly it goes. If volume does pick up and it gets through 15.10, then I think the stock will go to 18 and 20.

Mirati Ther (NASDAQ:MRTX) is absolutely stellar. Ever since we put this on out on September 18 at 10.82, it has gone straight up and nearly tripled, taking into account that it was up 2.20, or 8.8%, to 27.00, on 714,612 shares traded. Soon you may see it triple at 30. It’s long in the tooth, and it’s up against resistance, but my ultimate targets would be 40 and 50.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

On the long side, stocks included Digital Turbine Inc (NASDAQ:APPS), Cymabay Therapeutics, Inc. (CBAY), Catalyst Biosciences Inc (NASDAQ:CBIO), Corcept Therapeutics Incorporated (CORT), Constellium N.V (CSTM), Electro Scientific Industries Inc (NASDAQ:ESIO), Everbridge, Inc. (EVBG), Fanhua Inc. (FANH), GlycoMimetics, Inc. (GLYC), GNC Holdings, Inc. (GNC), HTG Molecular Diagnostics, Inc. (HTGM), Ichor Holdings, Ltd. (ICHR), Juno Therapeutics Inc. (JUNO), Eastman Kodak Company (KODK), Remark Holdings, Inc. (MARK), Everspin Technologies, Inc. (MRAM), Mirati Therapeutics, Inc. (MRTX), MagnaChip Semiconductor (NYSE:MX), New Age Beverages Corporation (NBEV), Neurocrine Biosciences, Inc. (NBIX), Qiwi plc (QIWI), Viking Therapeutics, Inc. (VKTX), 22nd Century Group Inc (NYSE:XXII), and Yandex N.V. (YNDX).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.