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6 Stocks With More Room To Run

By Harry BoxerStock MarketsJun 24, 2020 02:42AM ET
www.investing.com/analysis/apt-codx-dvax-nvax-vnet-wkhs--stock-charts-to-watch-200528651
6 Stocks With More Room To Run
By Harry Boxer   |  Jun 24, 2020 02:42AM ET
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WKHS
-3.24%
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PTON
+0.80%
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WRAP
-1.25%
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TBIO
0.00%
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CODX
-6.02%
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MYOV
+0.07%
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1. Alpha Pro Tech

Alpha Pro Tech (NYSE:APT) jumped 1.87, or 12%, to 17.48, on 10.8 million shares traded on Tuesday. This stock took off and has been running up the channel for about three weeks now, going from the 9.05 triple-bottom to test the highs up around 18 3/4. With Tuesday’s high at 18.20, it’s almost ready to blow out here to targets at 21-21 1/2 and 27-28.

2. Co-Diagnostics

Co-Diagnostics (NASDAQ:CODX) popped on Tuesday, reversed from 16.17 to 18.88, ramping up 2.21, or 13.4%, closing at the upper end of the range at 18.70, on a solid 5.8 million shares traded. Watch on Wednesday for it to take out 19.85. If it can do that, it may run into the 22-23 zone.

3. Dynavax

Dynavax Technologies (NASDAQ:DVAX) popped out of a two-day consolidation and moved up 69 cents, or 10.4%, to 7.34, after reaching a session high 10 cents higher at 7.44, on 6.5 million shares traded, and another 16 cents to 7.50 in after-hours. Now, I’m looking for a spike high at the 8-10-12 level to lead it up to 9-10 plus if momentum carries it forward.

4. Novavax

Novavax (NASDAQ:NVAX) certainly is ramping up. It has been in a nice rising channel 8 days in a row, and on Tuesday, it jumped 3.71, or 5.6%, to 69.66, to new all-time and session highs at 69.98, on 6.1 million shares traded. It popped another 1.94 to 71.60 in after-hours. This is one of the best-looking charts around. I would not be shocked if, eventually, this is 100-dollar stock.

5. 21Vianet Group

21Vianet Group (NASDAQ:VNET) has an explosive look, went through a quadruple top, and kept going, exploding 2.23, or 10.4%, to 23.75, with a session high of 24.58, on 5.4 million shares traded, and another 74 cents in after-hours. It may be long in the tooth, and I would probably wait on this one, since it looks like it reached the top of the parallel channel. It may need a consolidation, but eventually, you could see mid-to-high 20’s.

6. Workhorse Group

Workhorse Group (NASDAQ:WKHS) made another explosive, blow-off type pattern, and looks like it formed an exhaustion gap on Tuesday. It popped 1.03, or 17.4%, to 6.95, with a run from 2.45 to a high of 7.48, on 26.4 million shares traded, and an additional 24 cents in after-hours. That was huge volume for this stock. An explosive move across key resistance might get a little additional momentum. The next target will be 8 1/2.

Stocks on the Long Side

Alpha Pro Tech, Ltd. (APT), Ballard Power Systems Inc. (NASDAQ:BLDP), Co-Diagnostics, Inc. (CODX), CytoDyn Inc. (OTC:CYDY), Daqo New Energy Corp. (NYSE:DQ), Dynavax Technologies Corporation (DVAX), First Solar, Inc. (NASDAQ:FSLR), Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), Inovio Pharmaceuticals, Inc. (NASDAQ:INO), Kadmon Holdings, Inc. (NYSE:KDMN), Limelight Networks, Inc. (NASDAQ:LLNW), Myovant Sciences Ltd. (NYSE:MYOV), Nikola Corporation (NKLA), Neoleukin Therapeutics, Inc. (NASDAQ:NLTX), Novavax, Inc. (NVAX), Invitae Corporation (NYSE:NVTA), Plug Power Inc. (NASDAQ:PLUG), Peloton Interactive, Inc. (NASDAQ:PTON), Origin Agritech Limited (SEED), Translate Bio, Inc. (NASDAQ:TBIO), Urban One, Inc. (UONE), 21Vianet Group, Inc. (VNET), Workhorse Group Inc. (WKHS), and Wrap Technologies, Inc. (NASDAQ:WRTC).

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6 Stocks With More Room To Run
 

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Delonte Crosby
Delonte Crosby Jun 24, 2020 2:52AM ET
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