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4 Stocks To Watch: AKAO, CLVS, NRDM, SUPN

By Harry BoxerStock MarketsJan 04, 2017 11:11PM ET
www.investing.com/analysis/akao,-clvs,-nrdm,-supn-200171500
4 Stocks To Watch: AKAO, CLVS, NRDM, SUPN
By Harry Boxer   |  Jan 04, 2017 11:11PM ET
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Achaogen Inc (NASDAQ:AKAO), one of our swing trades, finally popped out of the little coil we were watching, up 1.88, or 14 1/2%, to 14.88, on 2.9 million shares traded on Wednesday. What I’m looking for now is a run up to test 16, and then 19 1/2. Those are my targets going forward.

Clovis Oncology Inc (NASDAQ:CLVS) had a good day on Wednesday. It rebounded from the secondary, up another 1.72, or 4%, to 44.67, on 6.15 million shares traded. After going down to 41.31 to test lower levels, it reversed very nicely. All that’s needed now is for it to take out 46 1/2. It’s on its way to 54-5. My target is 53. It has 6.2 days to cover .

Neuroderm Ltd (NASDAQ:NDRM) is looking good, up 55 cents, or 2.4%, to 23.05, on 114,000 shares traded on Wednesday. It’s up a couple days off of the support level. I’m looking for it to take out the 23 3/4 level, and then run up to 26. That’s my next target.

Supernus Pharmaceuticals Inc (NASDAQ:SUPN) looks good and I love the way it is acting. It went through a double top on Wednesday, up 1.35, or 5.2%, to 27.30, on 646,594 shares traded, closing near the high. That’s the best volume in a couple weeks. I would not be shocked to see this one get up to 33-4.

Stocks on the long side included ACADIA Pharmaceuticals Inc (NASDAQ:ACAD), Direxion Daily S&P Biotech Bull 3X Shares (NYSE:LABU), ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB), Aerie Pharmaceuticals Inc (NASDAQ:AERI), Achaogen Inc, ARIAD Pharmaceuticals Inc (NASDAQ:ARIA), Array BioPharma Inc (NASDAQ:ARRY), Bluebird bio Inc (NASDAQ:BLUE), Clovis Oncology Inc, EXACT Sciences Corporation (NASDAQ:EXAS), ImmunoGen Inc (NASDAQ:IMGN), NeuroDerm Ltd, Spark Therapeutics Inc (NASDAQ:ONCE), Synergy Pharmaceuticals Inc (NASDAQ:SGYP), Supernus Pharmaceuticals Inc, Argan Inc (NYSE:AGX), CF Industries Holdings Inc (NYSE:CF), Potash Corporation of Saskatchewan (NYSE:POT), Ceragon (NASDAQ:CRNT), Encana Corporation (NYSE:ECA), Editas Medicine Inc (NASDAQ:EDIT), Freeport-McMoran Inc (NYSE:FCX), Direxion Daily Jr Gld Mnrs Bull 3X ETF (NYSE:JNUG), Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT), Kopin Corporation (NASDAQ:KOPN), Mindbody Inc (NASDAQ:MB), Nanometrics Incorporated (NASDAQ:NANO), NutriSystem Inc (NASDAQ:NTRI), Tower Semiconductor Ltd (NASDAQ:TSEM), Vuzix Corp (NASDAQ:VUZI).

4 Stocks To Watch: AKAO, CLVS, NRDM, SUPN
 

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4 Stocks To Watch: AKAO, CLVS, NRDM, SUPN

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