It was a pretty lousy day on Wall Street on Monday. The markets were down all morning, they bounced a little bit, tried to rally, and then pulled back. It was a negative day for sure. There were still a lot of stocks that were moving, despite the nasty day.
A10 Networks, Inc. (N:ATEN), a swing trade of ours, continues its nice movement. After popping and consolidating, it broke out on Monday with the volume picking up, up 38 cents to 8.10, or 4.9%, on 1.25 million shares. The targets going forward are 9 1/4-1/2, and then 12.00.
Loxo Oncology, Inc. (O:LOXO) had a big move on Monday, up 4.43 to 27.68, or 19%, on nearly a million shares. That’s the biggest volume going back a couple years. A key breakout day. Look for a move to 34 1/2.
Lexicon Pharmaceuticals, Inc. (O:LXRX) had a bullish inside day on Monday. It popped 72 cents to 13.76, or 5.5%, on 2.8 million shares. It looks like it wants to go higher. Targets are 15 1/2-3/4 range, maybe 17, or even 19, going forward.
ZIOPHARM Oncology, Inc. (O:ZIOP) popped 28 cents to 13.98, or 2%, on 3 million shares on Monday. It looks like it may be on the verge of an important move. It has five highs in this area. If it gets through here, 18 and 23 are the targets.
Other stocks on the long side include CEVA Inc. (O:CEVA), Celldex Therapeutics, Inc. (O:CLDX), Cytokinetics Incorporated (O:CYTK), Dean Foods Company (N:DF), Ebix Inc. (O:EBIX), Horizon Pharma plc (O:HZNP), Inotek Pharmaceuticals Corporation (O:ITEK), Kite Pharma, Inc. (O:KITE), Omega Protein Corporation (N:OME), Pacific Biosciences of California, Inc. (O:PACB), and Weight Watchers International, Inc. (N:WTW).