Please try another search
Akebia Therapeautics (NASDAQ:AKBA) actually broke out on Tuesday from a 2-month consolidation, popping 88 cents, or 7%, closing at the session high of the day at 13.58, on 2.3 million shares traded. This was not significant in terms of volume, but it is significant in terms of price. The highest level reached on AKBA was back in 2018. There might be an extension coming up, and I’m looking for a move to about 15-16, and then 18, or better, may be had next.
Blink Charging (NASDAQ:BLNK) has been exploding for three days, and Tuesday made the fourth day with a move up of 1.67, or 42%, to 5.68, with a multi-week and session high of 6.74, on an insane 66 million shares traded. This stock has gone from 2 1/2 to 6 3/4, nearly tripling, in those four days. It was a breakaway move indeed, with big volume on the upside. At some point, I think we may see a follow-through to 8-8 1/4, and if it gets crazy, maybe a move to 12-13. We’ll have to see about that, though.
Co-Diagnostics (NASDAQ:CODX) popped late in the day on Tuesday, up 1.91, or 11%, to 19.35, with a midday session high of 19.85, on 5.2 million shares traded. That’s not quite significant volume yet. It will be, in my opinion, if it gets across resistance. It perfectly designates resistance for the last seven weeks. 19 1/2 and it may get there as early as Wednesday. You can see a spike that takes it into the mid to high 20’s.
Polar Power Inc (NASDAQ:POLA) had a monster move on Tuesday, exploding 3.59, or 262%, closing at the session high of the day at 4.96, on 145 million shares traded, closing at the upper end of the range. It moved up even higher in after-hours before pulling back. Let’s see if it gets some follow-through. There’s heavy resistance, but if it does get an extension, I’m targeting 6-6 1/4.
Tandem Diabetes Care (NASDAQ:TNDM) jumped 11.11, or 13%, to 98.92, with a multi-week and session high of 99.32, on 3.2 million shares traded. It had four tops that were broken on Tuesday with a thrust, closing at the upper end of the range. This one looks to me like a mid-range target at 110 and upper range at 130.
Workhorse Group (NASDAQ:WKHS) just keeps on going and going and going. What a monster. Up nine days in a row, and 12 out of 13 days. On Tuesday, it ran another 2.88, or 20%, to 17.39, with a multi-week and session high of 20.00, on a monstrous 165 million shares traded. It looks like a blow-off to me, so don’t be surprised if it’s down on Wednesday, and if it pulls back at some point, it might be to the 11-12 zone. If it does get any kind of follow-through and takes out 20, it might spike into the low to mid 20’s and blow off there.
On The Long Side
Akebia Therapeutics, Inc. (AKBA), Bloom Energy Corporation (NYSE:BE), Blink Charging Co. (BLNK), Catasys, Inc. (NASDAQ:CATS), Celldex (NASDAQ:CLDX) Therapeutics, Inc. (CLDX), Co-Diagnostics, Inc. (CODX), Crocs, Inc. (NASDAQ:CROX), Forterra, Inc. (NASDAQ:FRTA), GenMark Diagnostics, Inc. (NASDAQ:GNMK), Himax Technologies, Inc. (NASDAQ:HIMX), Kingsoft Cloud Holdings Limited (KC), Landcadia Holdings II, Inc. (LCA), Everspin Technologies, Inc. (NASDAQ:MRAM), NIO Inc. (NIO), NantKwest, Inc. (NASDAQ:NK), Invitae Corporation (NYSE:NVTA), OPKO Health, Inc. (OPK), Pan American Silver Corp. (PAAS), Polar Power, Inc. (POLA), Tandem Diabetes Care, Inc. (TNDM), Tesla, Inc. (NASDAQ:TSLA), Meridian Bioscience, Inc. (NASDAQ:VIVO), Vaxart, Inc. (NASDAQ:VXRT), Workhorse Group Inc. (WKHS), Wrap Technologies, Inc. (NASDAQ:WRTC), and Zynex, Inc. (NASDAQ:ZYXI).
Bitcoin doesn't have earnings, but these companies benefit from its rise. After breaching the $40,000 resistance on December 3rd, Bitcoin (BTC) is up 25% over the month, now...
Emini daily chart The S&P 500 Futures rallied yesterday, testing Wednesday’s high. The moving average is getting closer to the current price. This increases the odds that the...
Semiconductor giant Broadcom provided a revenue forecast for the year that fell short of Wall Street estimates The company cited subdued enterprise spending and intensified...
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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
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.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.