Abercrombie & Fitch Co. (NYSE:ANF), a swing trade of ours, has channeled up nicely. It broke out on Tuesday, technically, and climbed 1.09, or 4.58%, to 24.87, on 3.9 million shares. My targets are now 28 and 33.
CASI Pharmaceuticals, Inc. (NASDAQ:CASI) was a nice swing trade. It broke out and I gave you a swing on it, and it immediately popped to 2.03, or 47 1/2%, to 6.30, on 3.5 million shares, reaching as high as 6.42. In afterhours it’s over 7.00 to 7.10. It reached both of my swing targets. At this point, I’m looking for 8-8.25, maybe even 8.50 before it pulls back.
Stocks on the Short Side…..
Advanced Energy Industries, Inc. (NASDAQ:AEIS) did rebound on Tuesday 1.72, 3%, to 62.26, on 572,442 shares traded. It’s still in a nasty-looking down-channel. Eventually, I will be looking for lower levels, high 50’s and low 50’s.
YY Inc. (NASDAQ:YY) is another one of our shorts that rebound on Tuesday, gaining 76 cents, to 102.26, on 1.4 million shares. After breaking down, this stock has formed a bear flags. I just seems like if it cracks and gets under 98, it’s headed to 84-5.
Stocks on the side included Axon Enterprise, Inc. (NASDAQ:AAXN), Allena Pharmaceuticals, Inc. (NASDAQ:ALNA), Abercrombie & Fitch Co. (ANF), Array BioPharma, Inc. (NASDAQ:ARRY), BioLife Solutions, Inc. (NASDAQ:BLFS), CASI Pharmaceuticals, Inc. (NASDAQ:CASI), Cellectis S.A. (NASDAQ:CLLS), PolarityTE, Inc. (NASDAQ:COOL), Fiat S.p.A. (NYSE:FCAU), Gopher Protocol Inc. (OTC:GOPH), Innovate Biopharmaceuticals, Inc. (NASDAQ:INNT) and Urogen Pharma Ltd. (NASDAQ:URGN).
On the short side, stocks included Advanced Energy Industries, Inc. (NASDAQ:AEIS), C,AI International, Inc. (NYSE:CAI), Finisar Corp. (NASDAQ:FNSR), Nutrisystem, Inc. (NASDAQ:NTRI), Overstock.com, Inc. (NASDAQ:OSTK), Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), Signet Jewelers Limited (NYSE:SIG), Take-Two Interactive Software Inc. (NASDAQ:TTWO), and YY Inc. (NASDAQ:YY).
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