The markets continue to be choppy, but we will show you some stocks that are doing well.
CARBO Ceramics Inc. (NYSE:CRR) had an interesting day on Tuesday, up 1.02 to 43.69, or 2.4%, on 505,300 shares traded. It formed a base that it broke out of in April, then formed a flag, and pulled back to form a falling wedge. It broke out of the wedge, and has been up five consecutive days. Look for it to get to 44 1/2-3/4, and if it gets through that, look for 51 1/2-52 as a target, and then 58. The support, or course, is down at the apex.
Seattle Genetics, Inc. (NASDAQ:SGEN) is a swing trade of ours that is acting great, up 2.13 to 45.52, or 5%, on 1.6 million shares on Tuesday. After it popped, pulled back, it popped again, pulled back again, and broke out across the double top. The targets are 49 1/2, and then 55-6.
Sorrento Therapeutics, Inc. (NASDAQ:SRNE), after a pop and pullback, formed a nice, little falling wedge and tried to pop again, and then pulled back to retest. It’s right on the moving average and price support. On Tuesday, it had a big reversal, going from 12.80 to 13.80, and closing just 2 cents off the high, up 48 cents to 13.78, or 3.6%, on 284,800 shares traded. It wasn’t huge, but we’ll see if it gets a follow-through. It’s four waves up. Look for one big wave to take it into the high teens.
Vimicro International Corp. (NASDAQ:VIMC) is acting great. It popped, pulled back to retest, formed a wedge, and then broke out, up 24 cents to 15.23, or 1.6%, on 329,900 shares traded. Tuesday’s low was right on a double-top that bounced. The targets are 18 1/4, and then 22 1/2.
Other stocks on Harry’s Charts of the Day included A10 Networks, Inc. (NYSE:ATEN), 8x8 Inc. (NASDAQ:EGHT), Gevo, Inc. (NASDAQ:GEVO), Gigamon Inc. (NYSE:GIMO), GW Pharmaceuticals (NASDAQ:GWPH), NQ Mobile Inc. (NYSE:NQ), Opko Health, Inc. (NYSE:OPK), Ignyta, Inc. (NASDAQ:RXDX), TCP International Holdings Ltd. (NYSE:TCPI), ProShares Ultra Bloomberg Crude Oil (ARCA:UCO), Weibo Corporation (NASDAQ:WB), Youku Tudou Inc. (NYSE:YOKU), and ZAGG Inc (NASDAQ:ZAGG).