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Stocks To Watch: AJRD, COOL, CRBP, IMGN

By Harry BoxerStock MarketsAug 31, 2017 12:26AM ET
www.investing.com/analysis/ajrd-cool-crbp-imgn-200210584
Stocks To Watch: AJRD, COOL, CRBP, IMGN
By Harry Boxer   |  Aug 31, 2017 12:26AM ET
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AJRD
+1.94%
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VERI
+2.88%
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HTZGQ
0.00%
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MTCH
-2.58%
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LABU
+8.81%
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CRBP
-13.35%
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Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), one of our recent swing trades, had a big day on Wednesday. After it popped and pulled back we put a swing on it. It’s now above 29, and closed near the upper end of the range, popping 1.15, or 4%, to 29.19, on 720,121 shares traded. It may very well start to run. It’s now at a new all-time high, and could very well start to move into the low 30’s. It has 5.5 days to cover .

Majesco Entertainment Company (COOL) popped 2.22, or 8%, to 31.68, on 225,830 shares traded on Wednesday. It has now been up six days in a row following our swing trade. I’m not very happy with how it’s acting. It has now moved out across the June high. It’s four waves up, and if it pushes through the 35 range, we could very well see low to mid 40’s, if not more. There’s 5 days to cover .

Corbus Pharmaceuticals Holding (NASDAQ:CRBP) is a new swing that we put out on Wednesday. In February 2016, this stock was trading about a dollar. Then it ran up into the 11 range. It consolidated for the last year, formed a base, and broke out on Wednesday, popping 45 cents, or 6.43%, to 7.45, on 2.5 million shares traded. A pullback near the breakout point is what prompted me to put a swing trade on it. I’m looking for a test of the gap at 8.50, and then a run-up near the 10.50 range. It has 17 days to cover .

ImmunoGen Inc (NASDAQ:IMGN) is very nice. I highlighted this stock on Tuesday, it broke and popped with a breakaway gap on big volume. On Wednesday, the follow-through got all the way up to 8.79, jumping 89 cents, or 12%, to 8.47, on 11.5 million shares traded. It has 5.75 days to cover short. I don’t think this is done yet. Look for 9 1/2, and 11 1/2-12 as the next target.

On the long side, stocks included Abeona Therapeutics Inc (NASDAQ:ABEO), Analog Devices Inc (NASDAQ:ADI), Aerojet Rocketdyne Holdings, Inc. (AJRD), AeroVironment Inc (NASDAQ:AVAV), Bluebird bio Inc (NASDAQ:BLUE), Majesco Entertainment Company (COOL), Corcept Therapeutics Incorporated (NASDAQ:CORT), Corbus Pharmaceuticals Holdings, Inc. (CRBP), Fortress Biotech Inc (NASDAQ:FBIO), FibroGen Inc (NASDAQ:FGEN), Gilead Sciences, Inc. (NASDAQ:GILD), Hudson Technologies Inc (NASDAQ:HDSN), Himax Technologies Inc (NASDAQ:HIMX), Hertz Global Holdings Inc (NYSE:HTZ), ImmunoGen, Inc. (IMGN), Intra-cellular Therapies (NASDAQ:ITCI), Kemet Corporation (NYSE:KEM), Kopin Corporation (NASDAQ:KOPN), Direxion Daily S&P Biotech Bull 3X Shares (NYSE:LABU), Match Group, Inc. (NASDAQ:MTCH), Mazor Robotics Ltd (NASDAQ:MZOR), Universal Display (NASDAQ:OLED), Tower Semiconductor Ltd (NASDAQ:TSEM), U.S. Concrete Inc (NASDAQ:USCR), Veritone Inc (NASDAQ:VERI), Verastem Inc (NASDAQ:VSTM), and Zion Oil & Gas Inc (NASDAQ:ZN).

Stocks To Watch: AJRD, COOL, CRBP, IMGN
 

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Stocks To Watch: AJRD, COOL, CRBP, IMGN

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