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4 Stocks To Watch: AKRX, AKTX, SHLD, SUPN

Published 04/20/2017, 12:59 AM
Updated 07/09/2023, 06:31 AM

Akorn Inc (NASDAQ:AKRX) is doing well.|

On the chart, you can see the base, breakout, and pullback. We gave you a by on the swing thinking this is going to be temporary. On Tuesday, it has a nice reversal, running up to a high of 35.40, before pulling back and closing up 1.05 or 3.28%, to 33.04, on 5.2 million shares traded. That’s the best volume in about five sessions. Resistance is at 33.60, and then 35. If it gets through there, I’m looking for 39-39 1/2. It has 5.26 days to cover.

Akari Therapeutics, Plc (NASDAQ:AKTX) is recovering from a big pullback, going from 6 1/4 to 22.20, and then had a nasty pullback that lasted a week, taking it down nearly 10 points. On Tuesday, it reversed 1.66, or 12 1/2%, to 14.97, on 707,875 shares traded. The volume picked up a little, but not enough to make it special. Resistance is at 15, and if it gets through that, I’m looking at the 18 1/2-19 zone as the target on this one.

Sears Holdings Corporation (NASDAQ:SHLD) just keeps looking good. After a couple days that it rested, it pulled back near the top of the prior peak, and then held and popped. It was only up 52 cents, or 4%, to 13.99, on 1.6 million shares traded, but with 9.2 days to cover, I’m looking for a run to 18 on this one.

Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) popped out of a little wedge on Tuesday. It didn’t close great, but it was still up 60 cents, or 2%, to 31.85, on 532,147 shares traded. It looks to me like it wants to go up to the 35-6, maybe even the 37 range. It has 3.9 days to cover.

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Stocks on the long side included Akorn, Inc. (NASDAQ:AKRX), Akari Therapeutics, Plc (NASDAQ:AKTX), Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF), CBL & Associates Properties, Inc. (NYSE:CBL), Majesco Entertainment Company (NASDAQ:COOL), Everbridge, Inc. (NASDAQ:EVBG), GNC Holdings, Inc. (NYSE:GNC), Highpower International, Inc. (NASDAQ:HPJ), Immunomedics, Inc. (NASDAQ:IMMU), Imprimis Pharmaceuticals, Inc. (NASDAQ:IMMY), Kronos Worldwide, Inc. (NYSE:KRO), Lumber Liquidators Holdings, Inc. (NYSE:LL), MiMedx Group, Inc. (NASDAQ:MDXG), MicroVision, Inc. (NASDAQ:MVIS), Sears Holdings Corporation (NASDAQ:SHLD), Stratasys Ltd. (NASDAQ:SSYS), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), Titan International, Inc. (NYSE:TWI), Boingo Wireless, Inc. (NASDAQ:WIFI), and XOMA Corporation (NASDAQ:XOMA).

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