The stock market was kind of funky on Tuesday, down on the Brussels terrorism, then back up again all day, until the last hour when they rolled over, and then they tried to bounce. It was a mixed session. Some stocks we follow and traded did very well. Let’s take a look at some of them.
Advaxis, Inc. (NASDAQ:ADXS) is looking good. It formed a little wedge, broke out, and closed right on the 50 on Tuesday, up 58 cents to 9.83, or 6.8%, on 1.8 million shares. It looks like it could extend to 13, and then 15. Those are the levels to watch on this one. This could be a nice swing. It has 13.54 days to cover.
Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) has been acting great. Ever since it broke out we put a swing on it. It formed a rising flag, and on Tuesday, it was up 44 cents to 24.95, or 1.8, on 980,000 shares traded. Let’s see if it can pop out of that flag to run up to 27, and then 28 1/2. It has 19.79 days to cover.
Inovio Pharmaceuticals, Inc. (NASDAQ:INO), which we put a swing trade on, looks great. I like the long-term declining channel in multiple waves down. The fifth wave is at support at the 4.64 level not far from the pullback low in this zone. It looks like an inverse head-and-shoulder, and popped 60 cents to 7.85, or 8.28%, on 2.76 million shares on Tuesday. It has an extension in here that can take it to the 8 3/4-9 1/2, and then maybe 10 1/2-3/4. It has 5.39 days to cover.
Stocks on the long side included Akorn, Inc. (NASDAQ:AKRX), Air Transport Services Goup, Inc. (NASDAQ:ATSG), ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB), Direxion Daily S&P Biotech Bull 3X ETF (NYSE:LABU), Blue Buffalo Pet Products, Inc. (BUFF), Finisar Corp. (NASDAQ:FNSR), GW Pharmaceuticals plc (NASDAQ:GWPH), Inovio Pharmaceuticals, Inc. (INO), Advaxis, Inc. (ADXS), Inphi Corporation (NYSE:IPHI), Juno Therapeutics Inc. (NASDAQ:JUNO), MaxLinear, Inc. (NYSE:MXL), NeoPhotonics Corporation (NYSE:NPTN), Oclaro, Inc. (NASDAQ:OCLR), Seattle Genetics, Inc. (NASDAQ:SGEN), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), USA Technologies Inc. (NASDAQ:USAT), Wynn Resorts Ltd. (NASDAQ:WYNN), and United States Steel Corp. (NYSE:X).