It was a very volatile day on Wall Street on Thursday. It was up, it was down, back up, down, and back up again, and then it closed strong. In after hours there’s a lot of movement taking place. Amazon (O:AMZN) is down, Microsoft (O:MSFT) is up --it’s just a wild, wild market. It will be interesting to see what takes place on Friday.
Interxion Holding NV (N:INXN) had a big day on Thursday, up 2.20 to 31.14, or 7.6%, on 2.4 million shares. Late in the day it exploded, going from 28.90 up to 31.20. That was a huger move in a short period of time. There are major highs in this zone. If it gets through resistance at 31.20, it would not be surprising to see a quick test of the 33-33 1/2 range.
Mellanox Technologies, Ltd. (O:MLNX) had a nice pop and breakout on Thursday across declining topsline, lateral resistance, and all three moving averages all in one day. It was up 4.72 to 44.10, or 12%, on 1.95 million shares. That’s the best volume in three months. With that kind of volume, and a breakout across resistance, look for it to run up to the next target at 48.
Rovi Corporation (O:ROVI) is a swing trade that is acting great. It held very well during the decline, lagging when the market fell apart, but is making its way higher again, up 34 cents to 18.87, or nearly 2%, on a million shares on Thursday. It’s not extending nor getting too far ahead of itself. The high from April around 19.90-20 zone is the short-term target, and 23 is the intermediate target.
SolarEdge Technologies, Inc. (O:SEDG) was up 55 cents to 27.85, or 2%, on 1.5 million shares. It broke out, went up to resistance, pulled back near the rising 50 and the trendline, and has continued to move up from 22 to 28. Resistance is at 30. Once it gets through resistance, look for it to run up to the 34-35 range.
Other stocks on the long side included Amedica Corporation (O:AMDA), ProShares UltraShort Nasdaq Biotech (O:BIS), ProShares Ultra Bloomberg Crude Oil (N:UCO), United States Oil (N:USO), Facebook, Inc. (O:FB), Interxion Holding NV (N:INXN), Direxion Daily S&P Biotech Bear 3X ETF (N:LABD), Direxion Daily S&P Biotech Bull 3X ETF (N:LABU), Mellanox Technologies, Ltd. (O:MLNX), Neos Therapeutics, Inc. (O:NEOS), Rovi Corporation (O:ROVI), Sunrun Inc. (O:RUN), SolarEdge Technologies, Inc. (O:SEDG), Under Armour, Inc. (N:UA), and Intrexon Corporation (N:XON).