The stock market was up and down all day on Wednesday. It is volatile and tradable, but a tough market. Let’s take a look at some of the stocks that are still doing well, or did well on Wednesday.
A10 Networks Inc. (NYSE:ATEN) is one of our swing trades. It popped and broke out on Tuesday, pulled back on Wednesday morning with the market, had an inside day but a positive one, up just three cents to 7.20 with a high of 7.32. You can see on the chart that there is resistance in the 7.37 zone. The gap has been filled, or nearly so, and will be filled if it gets up to 7 3/4. If it gets through that, the next target is 9 1/4.
Solar3D, Inc. (NASDAQ:SLTD) is one of our favorite stocks, up 20 cents to 3.79, or 5.6% on 636,000 shares traded on Wednesday. It is taking over another solar company with 20 million in revenue, so now a coil has developed with positive technicals. It looks like it’s been accumulated for a run. The targets are 5-5 1/2, and then a run up to the 7 1/2-8 zone.
Sunedison Inc. (NYSE:SUNE) had a monster reversal day on Wednesday. After dropping from 33.00 all the way down to 11.00 and change, on big volume to the downside over the last ten days or so, it reversed on Wednesday and ran 90 cents to 14.25, or 6.7%, on 93.7 million shares. That’s the biggest volume in the history of this company on a reversal day. Look for it to test 16-plus, and then maybe a run up to 17 3/4.
Zogenix Inc. (NASDAQ:ZGNX) had a big day on Wednesday. After nearly a year-long base—a beautiful base—it broke out, ran straight up, formed a coil, popped out of the coil on Tuesday and pulled back. On Wednesday it popped out again and held. It was an inside day, but a positive day, up 98 cents to 19.92, or 5%, on 532,400 shares traded. Volume is solid. Technicals look like they are moving up. The OBV has a new high for the year. Look for this stock to reach up to 21.65, and if it takes that out, look for it to run up to 25.00.
Other stocks on the long side include Advaxis Inc (NASDAQ:ADXS), DS Healthcare Group Inc (NASDAQ:DSKX), Ezchip (NASDAQ:EZCH), Inogen Inc (NASDAQ:INGN), Neuroderm Ltd (NASDAQ:NDRM), Nymox Pharmaceutical Corp (NASDAQ:NYMX), Tetra Technologies Inc (NYSE:TTI) and Wayfair Inc (NYSE:W).