Juno Therapeutic (NASDAQ:JUNO) popped out and pulled back on Monday, closing up 57 cents, or 1.25%, to 46.29, on nearly 2 million shares traded, but net/net it reached a high of 48.14. Sometimes they will pull back, test the breakout point, and go again. I’m looking for 49.50, and then 57.00.
Nutanix Inc (NASDAQ:NTNX) is looking good, pushing the envelope on Monday. That envelope being about 28.50, closing up 39 cents, or 1.4%, to 28.28, on 1.3 million shares traded, reaching a nominal new high at 28.69. It looks like it’s headed up toward 30, 32, 33, 34, and 35, which are all potential targets down the road. It has 5 days to cover .
Universal Display (NASDAQ:OLED), a swing trade of ours, came out of a coil on Monday, and bounced 2.50, or 1.84%, to 138.60, on 707,433 shares traded. I think it’s going to test 145, 155, and 165, which are all targets going forward. What a chart! There’s 5 days to cover .
Overstock.com, Inc. (NASDAQ:OSTK) is looking well, but I don’t think it’s done yet. I think that if this stock had reversed on Friday, and Monday’s action on an inside day, even though it was up 1.05, or 2.45%, to 43.95, on 3.4 million shares traded, does not tell me if there’s a stop. However, I would look at the 40.50 to 41.50 zone as support. We’ll keep an eye on it on Tuesday. If it holds, the targets are 49.50 and 50.00. It has 6 days to cover .
On the long side, stocks included Adamas Pharma (NASDAQ:ADMS), Cree, Inc. (CREE), Editas Medicine Inc. (EDIT), FARO Technologies, Inc. (FARO), First Solar, Inc. (NASDAQ:FSLR), Global Blood Therapeutics, Inc. (GBT), Iradimed Co (NASDAQ:IRMD), Juno Therapeutics, Inc. (JUNO), Nutanix, Inc. (NTNX), Novocure Ltd (NASDAQ:NVCR), Universal Display (NASDAQ:OLED), Overstock.com, Inc. (OSTK), SuperCom Ltd. (SPCB), Tocagen Inc. (TOCA), Transenterix Inc (NYSE:TRXC), Canopy Growth Corporation (TWMJF), and Xunlei Ltd Adr (NASDAQ:XNET).