Axovant Sciences Ltd. (NYSE:AXON), in the biotech sector, had a big pop on Monday, jumping 3.41, or 23%, to 18.54, on 4.7 million shares traded, reaching a high of 19.86. This stock may not be done. With more than four days to cover there may be some upside toward 21-22.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) popped out of a wedge, running up 2.71, or 8%, to 38.53, on 2.6 million shares traded, on Monday, with a high of 39.75. Initial resistance is at 42, and then I am looking at 48 as the next target.
Momo Inc. (NASDAQ:MOMO) is a fantastic chart. I put out a swing on it because it looks explosive. It gained 2.57, or 7%, to 37.50, on 9.4 million shares traded on Monday. It reached a high of 38.12. It still has a lot of room to run. My short-term target is 44-45. I can see this stock at 50.
Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) is incredible. On Monday, it was up another 2.69, or 12%, to 24.78, on 1.7 million shares traded. I want to point out that this stock has the potential to run into the low 30’s, and, as you can see, it’s under 25 right now.
Stocks on the long side included Akorn, Inc. (AKRX), Akari Therapeutics, Plc (AKTX), Aphria Inc (APH.TO), Aphria Inc. (APHQF), Axovant Sciences Ltd. (AXON), Esperion Therapeutics, Inc. (ESPR), Everi Holdings Inc. (EVRI), Innoviva, Inc. (INVA), Identiv, Inc. (INVE), Momo Inc. (MOMO), MasTec, Inc. (MTZ), Omeros Corporation (OMER), Revolution Lighting Technologies, Inc. (RVLT), Star Bulk Carriers Corp. (SBLK), SolarEdge Technologies, Inc. (SEDG), Sears Holdings Corporation (SHLD), Seagate Technology plc (NASDAQ:STX), Tesla Motors, Inc. (NASDAQ:TSLA), Canopy Growth Corporation (TWMJF), ProShares Ultra VIX Short-Term Futures (UVXY), Zynerba Pharmaceuticals, Inc. (ZYNE), and Canopy Growth Corporation (TWMJF)