- Arrowhead Pharmaceuticals (NASDAQ:ARWR), one of our swings from back in Feb that hasn’t done much but consolidate for two months. It took a little bit of a pop on Thursday and went up 1.12, or 6.11%, to 19.45, on 1.8 million shares. That’s the best volume on an up-day since mid-March. What well be watching now is to see if it takes out the declining topsline from early April. If it can get through 20 1/2, the targets are 23 and 27.
- Bitcoin Investment Trust (OTC:GBTC) looks like bitcoins are on the move and moving up. It was up eight days in a row, going from 6.61 to Thursday high and closing high at 8.23, up 39 cents, or 5%, on 5 million shares. It looks to me like 9.00 and 10.00 are the targets going forward.
- Roku (NASDAQ:ROKU) had a monster day on Thursday, exploding 18.25, or 28%, to 83.17, on 56 million shares, reaching a high of 18.35. I think that’s the biggest volume traded on the upside for that stock. It came out of a consolidation in a multi-month zone. Going forward I have to look at mid-90’s as the next target for this stock.
- Shockwave Medical (NASDAQ:SWAV) exploded on Thursday, and got all the way up to 53.20, before pulling back and closing up 5.81, or 14%, to 48.66, on 918,974 shares traded. It had a pretty strong day, and it may not be done. Look for something in the 60 range.
- Telaria (NYSE:TLRA), a video management, platform company and one of our swing trades, had a nice engulfing reversal day on Thursday, popping 64 cents, or 9%, to 8.09, on 2.1 million shares. I think it’s headed to the 9-9 1/2 zone short-term.
Stocks on the long side included Arrowhead Pharmaceuticals, Inc. (ARWR), CareDx, Inc (CDNA), CECO Environmental Corp. (CECE), Copa Holdings, S.A. (CPA), Bitcoin Investment Trust (GBTC), Kratos Defense & Security Solutions, Inc. (KTOS), Nuance Communications, Inc. (NUAN), Overstock.com, Inc. (NASDAQ:OSTK), Predictive Technology Group, Inc. (PRED), Precipio, Inc. (PRPO), R1 RCM Inc. (RCM), Roku, Inc. (ROKU), ShockWave Medical, Inc. (SWAV), Telaria, Inc. (TLRA), TechTarget, Inc. (TTGT), and Veritone, Inc. (VERI).
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