Amarin Corporation PLC (NASDAQ:AMRN)
AMRN had a little snapback breakout on Wednesday, popping 1.12, or 8%, to 15.03, on 14 million shares. It looks like the declining topsline was taken out with a pop, it went up to resistance and backed off. Watch this on Thursday. If it can get through 15.80, then targets are going to be 17 and 19.
Canopy Growth Corp (NYSE:CGC)
CGC, a marijuana stock, was looking really good on Wednesday. I like the whole group now. It is starting to emerge, the falling wedge has broken, there was a slow ascent, and the boom, off they go, jumping 3.96, or 13.36%, to 33.60, on 16.8 million shares. That’s the biggest volume in two months. It tells me that it’s breakout time. There’s a little bit of resistance up at 6 1/2, but if it can get through that, we’re looking at mid-to-high 4’s.
California Resources Corp (NYSE:CRC)
CRC, one of my favorite oil stocks, dropped from 50 down to 13 1/2 over the last three months, then went from 13 1/2 to 21 the last week and a half, and on Wednesday, it ran 1.20, or 6%, to 21.13, on 2.6 million shares. It looks like it’s going to test the 22.90 area as early as Thursday. If it gets through that, you’re looking at 26-26 1/2.
Keurig Dr Pepper Inc. (NYSE:KDP)
KDP continued moving up in the last four days, and on Wednesday, they gained another 58 cents, or 2.24%, to 26.47, on 4.7 million shares. Look for it to reach the 27 range as early as Thursday morning. If it gets through that, targets are 29, and eventually 32.
TAL Education Group (NYSE:TAL)
TAL also popped out of a falling wedge on Wednesday, with a breakout to the 50, popping another 1.49, or 5.43%, to 28.95, on 6.6 million shares. Watch the 30-30 1/4-35 range for a potential clue as to whether it’s going to extend to 33 1/2, and then 35 1/2.
Veracyte Inc (NASDAQ:VCYT)
VCYT has been up five days in a row, and on Wednesday, another 66 cents, or 5%, to 15.20, on 235,226 shares traded. November’s high was 15.50, and Wednesday’s high came in at 15.39. If it gets through here, I’m looking for a move that takes it to 18-19 to wave 5. This is a great-looking chart.
Stocks On The Long Side:
Amarin Corporation plc (AMRN), Aphria Inc. (APHA), Bilibili Inc (NASDAQ:BILI), BioScrip, Inc. (BIOS), Canopy Growth Corporation (CGC), California Resources Corporation (CRC), Cronos Group Inc. (CRON), Crocs, Inc. (CROX), Epizyme, Inc. (EPZM), Exelixis, Inc. (EXEL), Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF (GUSH), HUYA Inc. (HUYA), Intelligent Systems Corporation (INS), KB Home (NYSE:KBH), Keurig Dr Pepper Inc. (KDP), Kandi Technologies Group Inc (NASDAQ:KNDI), K12 Inc. (LRN), Mirati Therapeutics, Inc. (MRTX), New Age Beverages Corp (NASDAQ:NBEV), NovoCure Limited (NVCR), Pinduoduo Inc. (PDD), Square, Inc. (NYSE:SQ), TAL Education Group (TAL), United States Oil (NYSE:USO), VelocityShares 3x Lng Crude Oil ETN New (UWT), Veracyte, Inc. (VCYT), and Veoneer, Inc. (VNE).
Watch the video here.