The stock market had an interesting day on Tuesday. More importantly, some of the stocks that we follow did quite well. Let’s go over some of the stocks I like that may be breaking out or making important moves.
Century Aluminum Co. (NASDAQ:CENX) is acting well. On Tuesday it had a nice pop out of a consolidation across the tops. It didn’t close above the tops, but it was up 1.66, or 6%, on 2.4 million shares. I’m looking to see that if it gets a follow-through, and blows through this zone, this stock could move into the mid-to-high 30’s.
Exact Sciences Corporation (NASDAQ:EXAS) broke out of a coil. This coil is going on six weeks. Actually, it broke out two days ago, and has been following through for two days now. It was up 63 cents, or 2.55%, on 2 million shares on Tuesday. What it needs now is a test to take out 26.80, and then it’s on its way up to 30-31.
Lakeland Industries Inc. (NASDAQ:LAKE) had a big day on Tuesday. Over that last couple weeks, It had a falling wedge, a one-day pop, and a four-week declining channel. It took out some lows and some support. It had a beautiful reversal day on Tuesday. That reversal day did the following: It took out the 10, 21, and 50-day moving averages on its way to a phenomenal run-up, 3.65, or 36.7%, on 8.1 million shares. That’s huge volume for this stock. It’s a big short position, and that was a big short-covering rally on Tuesday. I’m looking for a retest of the 16-16 1/2 zone coming up.
TASER International Inc. (NASDAQ:TASR) had a very good day on Tuesday and is in an explosive move. It’s in a long-term rising channel, and has an internal trendline connecting several stops. Once the stop is in the bottom section of a trend channel, and blows through the top, it usually runs up to the top of the channel. If you take a look at the long-term pattern, the highs are up in the 32-33 range. Technically, my secondary swing target is up in that range. So the targets are 25 first, and then 30-32.
Other on Harry’s Charts of the Day are Acacia Research Corporation (NASDAQ:ACTG), Blonder Tongue Laboratories Inc. (AMEX:BDR), BioTelemetry, Inc. (BEAT), Caesars Entertainment Corporation (NASDAQ:CZR), Amicus Therapeutics, Inc. (NASDAQ:FOLD), IGI Laboratories, Inc. (AMEX:IG), Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK), Nektar Therapeutics (NASDAQ:NKTR), and Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX).