Air Transport Services Group, Inc. (NASDAQ:ATSG) first popped and exploded in March, 2016, when they announced a deal with Amazon (NASDAQ:AMZN). It moved up, popped, consolidated, ran up again, and formed a coil. You can see that in the last couple days it popped out of the coil, and on Wednesday, it was up another 60 cents, or 2.5%, to 24.74, on 849,379 shares traded. It looks to me like this stock has some energy for all-time highs. If it’s running in this angle, I’m looking for 28 as the short-term target, and eventually, it could be in the low to mid 30’s.
AXT Inc. (NASDAQ:AXTI), one of our old favorites, ran up, pulled back, consolidated, formed a big wedge, broke out again, got up to a triple top, pulled back, and on Wednesday, it popped again, advancing 25 cents, or 3.4%, to 7.60, on 538,243 shares traded. In after hours, on earnings it went up to 8.30. I expect this stock to do really well on Thursday, and maybe even test the spike high up at 8.65, initially, and if it blows through that look for it to run up to 9-9 1/2 or 10.
Dynavax Technologies Corporation (NASDAQ:DVAX) ripped, dipped, had a nice snapback, and popped 50 cents, or 5%, to 10.40, on 10.6 million shares traded on Wednesday. It exploded to 13.00 pre-market, then it got pounded down to 8.15, at which point I put a day trade on it, it popped, pulled back, formed an extended V, then went up to all of my targets. It needs a follow-through to get it to 10.80, and then 13, which is my next target.
The Direxion Daily Jr Gold Miners Bull 3X ETF (NYSE:JNUG) had a really good day on Wednesday along with other gold stocks. In the afternoon, it exploded from about 17 to 19, and then backed off, forming a bull coil. Still, it closed up 1.79, or 11%, to 18.50, on 21 million shares traded. Volume was solid and the biggest volume on an up-day since back when it was running. If it gets through Wednesday’s high at 18.75, I'm looking for something in the 20 1/2-21. That’s the big one, because that’s where the declining topsline and multiple-month lateral resistance come together, and if it gets through that it completes the base, the declining topsline, and will be on its way to the high 20’s, maybe 30.
On the long side, stocks included Air Transport Services Group, Inc. (NASDAQ:ATSG), AXT Inc. (NASDAQ:AXTI), Biogen Inc. (NASDAQ:BIIB), CHEGG, INC (NYSE:CHGG), Direxion Daily Jr Gld Mnrs Bull 3X ETF (NYSE:JNUG), VelocityShares 3x Lng Crude Oil ETN New (NYSE:UWT), Dynavax Technologies Corporation (NASDAQ:DVAX), Cryoport, Inc. (NASDAQ:CYRX), CEVA Inc. (NASDAQ:CEVA), Cryoport, Inc. (NASDAQ:CYRX), New Oriental Education & Technology Group Inc. (NYSE:EDU), iRobot Corporation (NASDAQ:IRBT), JD.com, Inc. (NASDAQ:JD), Nutrisystem, Inc. (NASDAQ:NTRI), Spark Therapeutics, Inc. (NASDAQ:ONCE), PetMed Express, Inc. (NASDAQ:PETS), TAL Education Group (NYSE:TAL), Ultra Clean Holdings, Inc. (NASDAQ:UCTT), and WAYFAIR INC. (NYSE:W).