Today is Thanksgiving and the markets are closed. I plan to reflect on the stocks that we’ve looked at the last few weeks. This is going to be a list of most of the swing trades I put on. Let’s take a look at where they are and how the patterns are occurring and setting up. I’m sure some of the swing traders are looking forward to this.
Celldex Therapeutics, Inc. (NASDAQ:CLDX) is doing quite well. The base is in, the breakout occurred, there’s a breakaway gap, a little pullback hold, it popped, and formed a 3-day flag. It looks to me like it wants to go higher. I’m looking for a retest of this breakdown point, which is resistance up in the 22-23 range. That’s my first target. Beyond that, you may see it back in the high 20s.
Lakeland Industries Inc. (NASDAQ:LAKE) was a little disappointing on Wednesday. It had a huge pop on Tuesday. It was a great trading day for it, wasn’t it? It broke through all of the moving averages. On Wednesday, it backed off 1.76, or 13%, on 4 million shares. That’s substantial. Without a follow through, this one could be stymied right there. This is not even resistance. You can see the 3-day high in here. Let’s call it 13.65-.70. It’s got to reverse. That one-day pullback doesn’t mean a breakdown. So we have to see if it consolidates for a couple-three more days, and goes again. Our target is 16.
Planar Systems Inc. (NASDAQ:PLNR). Talk about a pop. Look at this breakaway gap on a monster earnings report. That beautiful wedge is forming, with low volume and a coil-type shape. If this coil gets taken out it could rocket into the 12-13 range. Let’s start with a target around 9 1/2-10, and then we’ll talk about 11 3/4-12.
Unilife Corporation(NASDAQ:UNIS) may be turning it around after this ugly drop and breakaway gap in a downtrend. It did hold near the trendline and lateral support. It’s moving up very slowly. Let me point out that it has been up five days in a row, and it needs to get going right through resistance. It ran up to 4.00, so take that out, and is headed up to 5.00, which is my target.
Stocks on the short side include: Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), BioTelemetry, Inc. (NASDAQ:BEAT), Bristol-Myers Squibb Company (BMY), Century Aluminum Co. (NASDAQ:CENX), Caesars Entertainment Corporation (NASDAQ:CZR), Ekso Bionics Holdings, Inc. (OBB:EKSO), 1-800-Flowers.com Inc. (NASDAQ:FLWS), Green Brick Partners, Inc. (NASDAQ:GRBK), Groupon, Inc. (NASDAQ:GRPN), Integrated Device Technology, Inc. (NASDAQ:IDTI), Maxwell Technologies, Inc. (NASDAQ:MXWL), NewLink Genetics Corporation (NASDAQ:NLNK), Orexigen Therapeutics, Inc. (NASDAQ:OREX), Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX), Rackspace Hosting, Inc. (NYSE:RAX), Regulus Therapeutics Inc. (NASDAQ:RGLS), SunEdison, Inc. (NYSE:SUNE), TASER International Inc. (NASDAQ:TASR), and ZELTIQ Aesthetics, Inc. (NASDAQ:ZLTQ).