1. Allied Healthcare Products
Allied Healthcare Products (NASDAQ:AHPI)a medical protectives devices company, popped in Feb, coiled, popped the beginning of Mar, formed a falling wedge, and on Wednesday, it snapped back 4.56, or 45%, to a session high of 16.37, before pulling back and closing up 14.74 on 2.6 million shares traded. This may be the beginning of a move. What you want to look for is a retest of 20, and then 24.
2. AIM ImmunoTech (AIM)
AIM recently popped, exploded, pulled back, and had another inside day on Wednesday. Still, it gained 45 cents, or 12%, to 4.20, after reaching a high of 5.25, on 24 million shares traded. Obviously, you want to watch this one, because anything above what looks like a bull wedge could pop to the 8-9 zone.
3. Altimmune (ALT)
Altimmune Inc (NASDAQ:ALT) continued the pattern as it exploded, pulled back, double-bottomed, and on Wednesday, it broke out, popping 58 cents, or 22.22%, to 3.19, with a session high of 3.79, on 5 million shares traded, and another 3 cents in after-hours. It didn’t close great, but I’m targeting 4, 5, and 5 3/4.
4. Alpha Pro Tech (APT)
Alpha Pro Tech (NYSE:APT) also snapped back on Wednesday from a big drop following a huge move, and gained 2.20, or 24%, to 11.41, with a high of 13.50, and another 38 cents, or 3.33%, to 11.79 in after hours, on 13 million shares traded. This may be start of a move to 15, 19, and 21.
5. Cleveland BioLabs (CBLI)
Cleveland BioLabs (NASDAQ:CBLI) also popped on Wednesday, coming off what looks like a wedge pattern, moving up 65 cents, or 26%, to 3.15, with a session high of 3.35, on 748,500 shares traded. If it can get through here, retesting 5, and maybe getting up to 7 or 8 wouldn’t be out of the question.
6. Co-Diagnostics (CODX)
Co-Diagnostics (NASDAQ:CODX) made a huge move on Wednesday of 6.29, or 91%, to 13.18, with a session high of 14.50, on 56 million shares traded. The last time it had that kind of volume, it exploded the next day. So, we may see a follow-through on Thursday that would get it up to the 21-22 range.
Stocks on the long side
American Airlines Group Inc. (NASDAQ:AAL), The Boeing Company (NYSE:BA), Allied Healthcare Products, Inc. (AHPI), AIM ImmunoTech Inc. (AIM), Altimmune, Inc. (ALT), Alpha Pro Tech, Ltd. (APT), Cleveland BioLabs, Inc. (CBLI), Co-Diagnostics, Inc. (CODX).
The Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST), the VelocityShares Daily 2x VIX Short-Term ETN (TVIX), the VIX-X, the ProShares Ultra VIX Short-Term Futures ETF (UVXY), and the Direxion Daily Small Cap Bear 3X Shares (TZA).