Stocks Pushing Forward
It was an interesting day on Wall Street yesterday. A lot of stocks continued to push forward, including a lot of our stocks. It was a good day for trading and congrats to some of the tech traders who were able to get out of Achillion early today. Let’s take a look at it and others.
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN)
Had an amazing day yesterday. This stock reached 25.80 premarket. Looking at the one-minute chart, the pop premarket went straight up, and then plunged and went sideways. It did bounce five times, but could not get through resistance up near 16.70. It did get the drug approval, or results, but for some reason, it popped, and then backed off quite a bit. I’m going to be watching resistance that it broke through on Monday up around the 14.90-15.25 zone.
I want to see if that holds or not. If we do get a follow-through day to the upside with big volume, maybe it will extend. I have confidence that we could still see 18-19, but today, I just don’t want to see yesterday's low at 14 1/2 taken out. That’s why I put my stop in. It was up 1.28, or 9%, on a whopping 45.5 million shares. That’s the biggest volume I’ve ever seen on this stock.
8x8 Inc. (NASDAQ:EGHT)
Broke through a key resistance level yesterday, up 27 cents or 3%, on nearly a million shares. We put a swing on it and it moved up over 9.00 on Monday, closing at 9.19. The target should be 9 1/2 short-term, and then 10 1/4 intermediate-term going forward.
Opko Health, Inc. (NYSE:OPK)
Had another good day yesterday. It was up 19 cents, or 2%, on 5 million shares, but it closed above resistance, which is what I wanted it to. The next target is at 10.15-.20-.25 zone, while my longer-term target is up around 12.00.
TASER International Inc. (NASDAQ:TASR)
Had a nice move yesterday after receiving a nice order in the morning. This stock broke through a double top, up 2.08, or 9%, on 6 million shares. That’s the biggest volume in a week and a half, two weeks. If it breaks out, I’m looking for 29.00 as early as Tuesday.
Other stocks on Harry’s Charts of the Day are: Advaxis, Inc. (NASDAQ:ADXS), E-House (China) Holdings Limited (NYSE:EJ)), Cerus Corporation (NASDAQ:CERS), Facebook, Inc. (NASDAQ:FB), Amicus Therapeutics, Inc. (NASDAQ:FOLD), Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA), Halyard Health, Inc. (NYSE:HYH), MacroGenics, Inc.(NASDAQ:MGNX), Rite Aid Corporation (NYSE:RAD), Radius Health, Inc.(NASDAQ:RDUS), Sierra Wireless Inc. (NASDAQ:SWIR)), and Vanda Pharmaceuticals, Inc. (NASDAQ:VNDA)).