The stock market just won’t quit. Until it does we’ve got to keep playing the momentum plays. Let’s take a look at some of the stocks we’ve liked, traded, and are good swing trades.
1-800-Flowers.com Inc. (NASDAQ:FLWS) definitely has a pattern after the 5-wave advance that went into multi-week consolidation. It broke out on Tuesday. Three days in a row it’s been up, and increased in volume to almost 800,000 shares. That’s the biggest volume since the breakout on Sept 2. At this point, I’m looking for more upside, closer to 10 on the current target. Beyond that look for 13 1/2.
Groupon, Inc. (NASDAQ:GRPN) is looking and acting well. It has a nice base. The 4-day move, including the breakaway gap, had run-up to over 8.00 at 8.06, then a 4-day pullback on Tuesday morning, reaching the breakout point, and the 10-day moving average near the 7 1/4 range, where the spike up towards 7.88, and close at 7.80, up 37 cents, or 5%, on 18.5 million shares. That volume indicates to me that possibly that the base breakout and retest are over. I’ll be looking to see whether it can take out the 8.06 area. If it can, the next target is 8 3/4, and beyond that look for something around 9 3/4.
TASER International Inc. (NASDAQ:TASR), on multiple contracts, this stock is running. It was up 58 cents, or 3%, on 3.3 million shares. It closed just under 20 on Tuesday at 19.51. The high up in this zone back in February was 20.83. I think it’s going to test that, and maybe get to 20-22 1/2 short-term.
Vimicro International Corp. (NASDAQ:VIMC) has a consolidation taking place. I like the reversal on Tuesday. Look at the low, right on the 50-day, right on the trendline, and it reversed from 8.55 to 9.50, and closed at 9.38. It was up only 3 cents, but the positive day on Tuesday was important. Look at the resistance on this one over the last three weeks. If it can get above 9.70, I think it will start to run and retest the 52-week highs at the 11 3/4 range, and beyond that 14.
Other on Harry’s Charts of the Day are INSYS Therapeutics, Inc. (NASDAQ:INSY), Isis Pharmaceuticals, Inc. (NASDAQ:ISIS), China Finance Online Co., Ltd. (NASDAQ:JRJC), LightInTheBox Holding Co, Omeros Corporation (NASDAQ:OMER), Ovascience Inc (NASDAQ:OVAS), Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX), Rackspace Hosting, Inc. (NYSE:RAX), TASER International Inc. (NASDAQ:TASR), and Intrexon Corporation (NYSE:XON).