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4 Stocks Moving On News And Technical Momentum

Published 08/29/2018, 10:56 AM
Updated 07/09/2023, 06:31 AM
  • EXACT Sciences Corporation (NASDAQ:EXAS) popped $2.93 to $75.09 on 3.5 million shares Tuesday. The move continued the momentum from last week when the molecular diagnostics company announced a deal with Pfizer (NYSE:PFE) to co-promote EXAS's DNA colorectal cancer test. Last week's 40% move bounced the stock through several layers of resistance, and it has now surpassed its June high of $71.60. Watch for $80 next.
  • Ichor Holdings (NASDAQ:ICHR) jumped $1.00 to $25.25 on 1.4 million shares Tuesday. The move followed through from last week when it was announced the semiconductor equipment manufacturer would be added to the S&P SmallCap 600 index. Friday's gap broke the stock out of a two-month consolidation and bottoming pattern. Next lateral resistance is $27, a move through which could take the stock to the March highs near $30.
  • Square (NYSE:SQ) gained $2.55 to $80.80 on big volume of 11.4 million shares Tuesday. The move came on no news from the payment and point-of-sale solutions company. The stock has doubled since the start of the year, and has been steadily rising especially since its April low under $45. Targets are $85-86 followed by the channel top near $98-100.
  • Unisys Corporation (NYSE:UIS) advanced 85 cents to $16.75 on strong volume of 1.3 million shares Tuesday. The move came on news the Georgia Technology Authority has selected the information technology company to provide a new hybrid-cloud solution. The stock, which has been stair-stepping its way up its rising channel all year, has been especially strong in the last month, up nearly 50%. Immediate target is the channel top near $18, followed by $20.
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