The stock market started the week on a good note on Monday. It had a nice reversal, good technicals, and good volume as well. Some of the stocks we follow certainly spiked up and immediately turned around with the market. We’ll take a look at some of the ones we’ve been following and also some news ones.
Aquinox Pharmaceuticals Inc. (NASDAQ:AQXP), on positive drug news, had an amazing day. The only reason this one is on the list is because this stock went from 1.65 to 55.75 in two days, which is unheard of. It peaked early in the day on Monday, and then worked its way back down to 17.56. The pattern its developing in after hours, which could mean that it could snapback on Tuesday. So keep an eye on it.
Dynavax Technologies Corporation (NASDAQ:DVAX) is acting very well. It based out for three months, ran up in June-July, formed a platform, and then it pulled back, snapped back, and jumped 3.69 to 30.74, or 13.6%, on 1.3 million shares on Monday. That’s the best volume in about three weeks. It looks like it will go quickly to 34.00, which is the short-term target.
Comfort Systems USA Inc. (NYSE:FIX) has been in a wonderful, long-term rising channel. It hardly felt any pullback in the market; perhaps Thursday and Friday it pulled back a bit. On Monday, it popped 1.67 to 30.12, or 6%, on 814,925 shares traded. That’s the best volume all year. There may be more upside in the 32-35 range.
Novavax, Inc. (NASDAQ:NVAX) snapped back on Monday, up 36 cents to 11.19, and in afterhours it reached 12 1/2, closing at 12.35, up from 11.19, plus it still has 5.6 days to cover. Look for it to move up to test the zone at 12-12 1/2.
Other stocks on the long side include AngloGold Ashanti Ltd. (NYSE:AU), First Solar, Inc. (NASDAQ:FSLR), GoPro, Inc. (NASDAQ:GPRO), Inovio Pharmaceuticals, Inc. (NASDAQ:INO), Lipocine Inc. (NASDAQ:LPCN), NeoPhotonics Corporation (NYSE:NPTN), TETRA Technologies, Inc. (NYSE:TTI), and Zynerba Pharmaceuticals (ZYNE).