Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

4 Stocks Climbing This Week: ABIL, CLPS, IVTY, SPPI

By Harry BoxerStock MarketsJun 26, 2018 11:57PM ET
www.investing.com/analysis/abil-clps-ivty-sppi-200327935
4 Stocks Climbing This Week: ABIL, CLPS, IVTY, SPPI
By Harry Boxer   |  Jun 26, 2018 11:57PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Ability Inc (NASDAQ:ABIL) jumped another 2.02, or 20%, to 12.02, on 7.3 million shares on Tuesday. This stock has now gone in four sessions from 2.21 to Tuesday’s high of 14.51, a 7-fold increase. It’s a thin stock that is trading a lot of volume, and is being manipulated, in my opinion. I would be very careful, not only because it’s up 600%, but because it’s in a resistance zone that’s going to be tough to get to without some sort of pullback. If it gets over 14.50, look for 17-18, which are the targets.

CLPS Inc (NASDAQ:CLPS) is a new issue. It rocketed from 5.00 to almost 18.00, more than tripling in a week, and then rested for three days in a falling wedge. On Tuesday, it looked like it popped out, up 1.85, or 16%, to 13.52, on 655,764 shares traded. Targets are 15 and 17, and beyond that something in the 20-22 range is possible. Keep close tabs on 11.00, because under 11.00 we’re stopping it.

Invuity Inc (NASDAQ:IVTY) broke out of a wedge on Tuesday and popped 50 cents, or 14%, to 4.00, on 544,747 shares traded. There is some resistance, but my next target has to be 4 3/4. If it gets through that, the secondary target and resistance are at 5 3/4.

Spectrum Pharmaceuticals Inc (NASDAQ:SPPI), on positive drug news, may have broken out of a big wedge on Tuesday, with a breakaway gap, on 6.4 million shares, up 2.77, or 14 1/2%, to 21.75. I like the way it looks. At this point, look for a test of 23. If it gets through 23, it has a good shot at getting to 29.

Stocks on the long side included Ability Inc (NASDAQ:ABIL), Amyris, Inc. (AMRS), Blink Charging Co. (BLNK), Bovie Medical Corporation (BVX), CLPS Incorporation (CLPS), Endocyte, Inc. (ECYT), Enphase Energy Inc (NASDAQ:ENPH), Gray Television, Inc. (GTN), Innovate Biopharmaceuticals, Inc. (INNT), Invuity, Inc. (IVTY), SemiLEDs Corporation (LEDS), Lam Research Corporation (NASDAQ:LRCX), New York & Company Inc (NYSE:NWY), Puma Biotechnology, Inc. (PBYI), R1 RCM Inc. (RCM), Spectrum Pharmaceuticals, Inc. (SPPI), and TransEnterix, Inc. (TRXC).

Watch video here.

4 Stocks Climbing This Week: ABIL, CLPS, IVTY, SPPI
 

Related Articles

4 Stocks Climbing This Week: ABIL, CLPS, IVTY, SPPI

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email