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5 Stocks To Watch In Biotech, Space And Manufacturing

By Harry BoxerStock MarketsJul 02, 2020 12:32AM ET
www.investing.com/analysis/amgn-maxr-srne-w-wkhs--stock-charts-to-watch-200529496
5 Stocks To Watch In Biotech, Space And Manufacturing
By Harry Boxer   |  Jul 02, 2020 12:32AM ET
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Amgen Inc

Amgen (NASDAQ:AMGN), which popped a couple weeks ago and pulled back to test the 50-day, forming a V-bottom and right-hand extension, exploded on Wednesday, jumping 19.26, or 8%, to 255.12, with a session high of 256.23, on 6.5 million shares traded. This stock sure looks to me like the beginning of a move up after it breaks out in this range to all-time highs. My targets are 295 and 325.

Maxar Technologies

Maxar Technologies (NYSE:MAXR) is moving up. On Wednesday, it popped 1.31, or 7.3%, to 19.27, with a session high of 19.55, on 5 million shares traded and another 11 cents in after-hours. It’s looking awfully good in here. It just broke a 4-day flag. The next target will be a retest of the January high at 21.45, followed by 23 1/2 and 26.

Sorrento Therapeutics

Sorrento Therapeutics (NASDAQ:SRNE) on Wednesday popped 65 cents, or 10.4%, to 6.93, with a session high of 7.00, on 45 million shares traded, and in after-hours it extended another 35 cents. This stock traded as high as 7.65 in May and backed off. For me, Thursday is going to be an important day for this one because, if it catches momentum, you could see the 8-9 zone, and maybe as high as 10.

Wayfair

Wayfair (NYSE:W) has been one of the best swing trades of the year. In about 90 days this stock has gone from the low 40’s to 220, a phenomenal move, and on Wednesday, it was up another 21.58, or 11%, to 219.19, with a session high of 222.29, on 3 million shares traded. It still doesn’t look like it’s done, does it? My project is 245-50.

Workhorse Group

Workhorse Group (NASDAQ:WKHS) had an amazing reversal on Wednesday, taking it all the way down to 13.65, and then ran it all the way up to over 20, gaining 1.79, or 10.3%, to 19.18, with a session high of 20.39, with a spike up on monster volume of 119.4 million shares traded and another 1.23 in after-hours. It’s coiling and doesn’t look done yet. One more move up here and it might explode to the mid-to-high 20’s and call it a day.

On the long side, stocks included Amgen Inc. (AMGN), Aptinyx Inc. (NASDAQ:APTX), Accelerate Diagnostics, Inc. (NASDAQ:AXDX), Ballard Power Systems Inc. (NASDAQ:BLDP), Avid Bioservices, Inc. (NASDAQ:CDMO), Celldex (NASDAQ:CLDX) Therapeutics, Inc. (CLDX), Daqo New Energy Corp. (NYSE:DQ), Fluidigm Corporation (NASDAQ:FLDM), Maxar Technologies Inc. (MAXR), NIO Inc. (NIO), Invitae Corporation (NYSE:NVTA), Plug Power Inc. (NASDAQ:PLUG), Peloton Interactive, Inc. (NASDAQ:PTON), Tortoise Acquisition Corp. (SHLL), Sorrento Therapeutics, Inc. (SRNE), Tesla, Inc. (NASDAQ:TSLA), Wayfair Inc. (W), Workhorse Group Inc. (WKHS), and YRC Worldwide Inc. (NASDAQ:YRCW).

5 Stocks To Watch In Biotech, Space And Manufacturing
 

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5 Stocks To Watch In Biotech, Space And Manufacturing

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Comments (4)
Abdul Basheer
Abdul Basheer Sep 23, 2020 10:41AM ET
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Harry sir all your recomnda are very good but now a days we couldnot find any recomndation  from your side . Hope you are well . please send your recomndation very helpful sir great thanks
Mr MARKET
Mr MARKET Jul 21, 2020 8:32PM ET
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Harry is super Duper phenomenal
Edna Ranck
Edna Ranck Jul 02, 2020 11:34AM ET
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Thank you very much Harry!
Abdul Basheer
Abdul Basheer Jul 02, 2020 9:27AM ET
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Great update thanks sir
 
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