Abeona Therapeutics Inc. (NASDAQ:ABEO) popped 85 cents, or 4.68%, to 19.00, on a million shares on Thursday. If this stock is four waves up, the fifth wave may have started, with the surge in the last four days. It had the highest close on Thursday since back in October. You might see it take off pretty soon, or it could pull back, which could be a buying opportunity. OBV is moving sharply higher. Volume is picking up. Targets are near 23, and then 29-30.
Immunomedics Inc. (NASDAQ:IMMU) broke out and ran up for the second day in a row on Thursday, snapping back 1.10, or 7%, to 16.92, on 2.7 million shares. I’m looking for a run to the 18-18 1/2 area at resistance. If it gets through that, mid 20’s is possible.
Retrophin, Inc. (NASDAQ:RTRX) was put out as a swing trade today. I like the way it consolidated for several months, broke through a triple top on Thursday, jumping 1.61, or 6.39%, to 27.19, on 600,658 shares traded, with an increase in volume. I’m looking now for 29 1/2-30, 33 potentially down the road up to 37.
Viking Therapeutics, Inc. (NASDAQ:VKTX) is acting like it wants to pop. It ran back up to resistance, took out the declining topsline, but is missing bigger volume, running up 1.61, or 5.2%, to 5.06, on a little under 500,000 shares traded. If it gets the volume, it could run up to 6 1/4, maybe 7.00.
Stocks on the long side included Abeona Therapeutics Inc. (NASDAQ:ABEO), Adaptimmune Therapeutics plc (NASDAQ:ADAP), Array BioPharma, Inc. (NASDAQ:ARRY), Atara Biotherapeutics, Inc. (NASDAQ:ATRA), Bellicum Pharmaceuticals, Inc. (NASDAQ:BLCM), Audentes Therapeutics, Inc. (NASDAQ:BOLD), General Cannabis Corp (OTC:CANN), CRISPR Therapeutics AG (NASDAQ:CRSP), Bitcoin Investment Trust (OTC:GBTC), Geron Corporation (NASDAQ:GERN), Intelsat S.A. (NYSE:I), Immunomedics Inc. (NASDAQ:IMMU), Melco Resorts & Entertainment Limited (NASDAQ:MLCO), Arcadia Biosciences, Inc. (NASDAQ:RKDA), Retrophin, Inc. (NASDAQ:RTRX), Selecta Biosciences, Inc. (NASDAQ:SELB), Viking Therapeutics, Inc. (NASDAQ:VKTX), Verastem, Inc. (NASDAQ:VSTM), Xencor, Inc. (NASDAQ:XNCR).
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