Abeona Therapeutics Inc (NASDAQ:ABEO), which has been wonderful since it ran from 4 1/2 to 22 3/4 recently, and then spiked and came down for a few days. The volume got quiet on Monday, and then on Tuesday, it was up 1.20, or 7%, to 17.90, on 3.9 million shares traded. That was a dramatic increase in volume. If the stock bounces when the volume is strong, it can do a recovery. If it gets through the 19-19 1/2 area, I could see 23 3/4, and then the high 20’s again, but it’s going to take a rebound in biotech’s. It still has five days to cover , so keep close tabs on this one. Put a stop under 15 3/4.
AudioCodes Ltd (NASDAQ:AUDC) has had a beautiful follow-through. Look at the volume the last two days. For three weeks this stock has been getting ready, and although it was down 6 cents to 8.05 on 697,389 shares traded on Tuesday, it looks pretty good. The volume was fantastic. You can see that now I have a 9-dollar target. If it backs and fills, and consolidates it will be 9 3/4 potentially.
Mirati Ther (NASDAQ:MRTX) had a beautiful consolidation-type coil or flag pattern that’s been holding it back for 8 days, almost 2 weeks now. Tuesday was a positive day, but not a big one, although it was up 55 cents, or 4%, to 14.25, on 266,171 shares traded. It was more of an inside day on Tuesday. The volume was light. If the biotech’s do move again, it’s pointed to 15 1/2 to get to 20. Those are the targets.
Teladoc Inc (NYSE:TDOC) After it came down it held the line, and then retested the line. It had a nice reversal in the last two days. On Tuesday, it was up 1.30, or 4%, to 34.00, on 1 million shares traded. It hasn’t broken out yet, but that wedge is promising. It’s above the long-term trendline. Let’s get this through the 35-range. If it does that, I think it has a shot at the double-top at 37 1/2.
On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Amtech Systems, Inc. (ASYS), AudioCodes Ltd (NASDAQ:AUDC), Cloud Peak Energy Inc. (CLD), Mirati Therapeutics, Inc. (MRTX), Overstock.com, Inc. (NASDAQ:OSTK), Pixelworks, Inc. (PXLW), Rigel Pharmaceuticals, Inc. (RIGL), Ignyta, Inc. (RXDX), Spectrum Pharmaceuticals, Inc. (SPPI), Syntel Inc (NASDAQ:SYNT), Teladoc, Inc. (TDOC), TransEnterix, Inc. (TRXC), ViewRay, Inc. (VRAY), Xunlei Limited (XNET), and XOMA Corp (NASDAQ:XOMA).