Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

4 Stocks To Watch: EXAS, EXEL, PBYI, SHOP

Published 08/19/2016, 12:13 AM
Updated 07/09/2023, 06:31 AM

It was a pretty interesting day on Thursday. Kind of volatile Thursday morning, down first, then back up in the afternoon. A lot of stocks we follow are still doing well.

EXACT Sciences Corporation (NASDAQ:EXAS), after a two-day pullback, and an inside day on Wednesday, it popped 75 cents to 20.89, or 3.7%, on 2 million shares. That was low volume for this stock, so it may have to back and fill. Ultimately, after reaching my swing trade target three ago, the target is 25. There are 3.36 days to cover.

Exelixis Inc (NASDAQ:EXEL) had a good day on Thursday, up 35 cents to 10.97, or 3.3%, on 5.1 million shares. It had a big pop two weeks ago, and then a nice wedge, or coil, started to pick up in volume. It needs to take out the high at 11.66, obviously, and then look at 12 as the next target. Secondary target is at 16. It has 8.1 days to cover.

Puma Biotechnlgy (NYSE:PBYI), a swing trade of ours is doing great. I love the inverse head-and-shoulders after the declining topsline, long-term down channel, breakaway gap, run up to resistance, pullback flag, and now it’s moving again, up 1.65 to 50.76, or 3.36%, on 541,160 shares traded on Thursday, with a high of 52.41. With almost 8 days to cover, I’m looking for this to make it to 55, and eventually 65.

Shopify Inc (NYSE:SHOP) is doing great, up another 1.51 to 40.25, or 3.9%, on 2.2 million shares on Thursday, and reaching a high of 40.65. After pulling back from resistance it snapped right back. Watch the 41 level. If it gets through there we’re going to see mid 40’s. It has 1.76 days to cover.

Stocks on the long side included Advanced Micro Devices, Inc. (NASDAQ:AMD), Aegean Marine Petroleum Network (NYSE:ANW), Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), Clean Energy Fuels Corp (NASDAQ:CLNE), Comstock Resources Inc (NYSE:CRK), Encana Corporation (NYSE:ECA), Direxion Daily Energy Bull 3X Shares (NYSE:ERX), Exact Sciences Corporation (EXAS), Exelixis, Inc. (EXEL), Healthways Inc (NASDAQ:HWAY), Marathon Oil Corporation (NYSE:MRO), NetApp, Inc. (NASDAQ:NTAP), InVivo Therapeutics Holdings (NASDAQ:NVIV), Puma Biotechnology, Inc. (PBYI), Rapid7 Inc (NASDAQ:RPD), Shopify Inc. (SHOP), and Weibo Corp (NASDAQ:WB).

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.