Finisar Corporation (NASDAQ:FNSR) gapped sharply after it got up to almost 35, which was my target, and then it backed off to 33.97. It was still up 1.21, or 4%, to 33.97, on 2.7 million shares traded on Monday. That’s the second biggest volume on an up-day since Sept. Now coming out of a flag I think it’s significant, but closing at the bottom of the range bothers me. Let’s see if there’s a follow-through. If there is, the target is 37, and eventually 42.
Heat Biolog (NASDAQ:HTBX) popped on Monday. It’s been up 5-6 days in a row, and particularly in the last 3 days on heavy volume. On Monday, it was up 74 cents, or 30%, to 3.23, on 18.5 million shares traded. It was running up near the resistant level and closed above it. The next target is in the 4.85 area. So, if it follows through on Tuesday and runs, we’ll just have to see what happens. After hours it did get up to my 3.55 day-trade target and pulled back, and then closed strong at 3.44, another 21 cents, so that’s 95 cents for the day in a beautiful, intraday rising channel. Again, the target is 4.50-.85.
Sucampo Pharmaceuticals Inc (NASDAQ:SCMP) is interesting. I’m never happy when a stock breaks out, pops, flag, doesn’t follow through, and pulls back below the breakout point at the low end of the range. That’s disconcerting. It was up 30 cents, or 2%, to 16.15, on 1.8 million shares traded. But when 1.8 million shares trade, with five days to cover , I think they’ll be able to short that with a pullback. There is resistance, and my target is 18 1/2, followed by 20 3/4.
Vuzix Corp Cmn Stk (NASDAQ:VUZI) was up 25 cents, or 3%, to 8.55, on 288,242 shares traded on Monday, and moves up a little bit more each day. It’s been up five of the last six days. Ever since the spike down, it has moved up aggressively, back up towards the resistance zone. I would have to say the next target is 9.00, and then 9.50, possibly as much as 9.80. If you see an immediate surge on heavy volume, it might move up slowly, I would not be shocked to see it reach 11-12.
Stocks on the long side included China Automotive Systems Inc. (NASDAQ:CAAS), Centennial Resource Development (NASDAQ:CDEV), Finisar Corp. (FNSR), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), Heat Biologics, Inc. (HTBX), China Lodging Group, Limited (NASDAQ:HTHT), Industrial Services of America, Inc. (NASDAQ:IDSA), Direxion Daily Jr Gld Mnrs Bull 3X ETF (NYSE:JNUG), Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT), KEMET Corporation (NYSE:KEM), PhaseRx, Inc. (NASDAQ:PZRX), Recro Pharma, Inc. (NASDAQ:REPH), Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP), SINA Corporation (NASDAQ:SINA), Time Inc. (NYSE:TIME), VelocityShares 3x Long Natural Gas ETN (NYSE:UGAZ), Vale S.A. (NYSE:VALE), Virtusa Corporation (NASDAQ:VRTU), Vuzix Corporation (VUZI), Weibo Corporation (NASDAQ:WB), Willdan Group, Inc. (NASDAQ:WLDN).