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5 Stocks With Strong Upward Momentum

Published 07/09/2020, 03:00 AM
Updated 07/09/2023, 06:31 AM
BLDP
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SPWR
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FSLR
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RIOT
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LAB
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GNMK
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LAKE
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VBIV
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VNET
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ALT
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AXDX
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BCLI
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NVTAQ
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IBRX
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QD
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DOCU
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BE
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SOLO
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NIU
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TIGR
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JMIA
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LVGO
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HYLN
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1. Brainstorm Cell Therapeutics

Brainstorm Cell Therapeutics (NASDAQ:BCLI) on Wednesday was up a small fraction, gaining 35 cents, or 2.8%, to 12.83, with an early morning high of 13.61, on 1.4 million shares traded. It looks like it wants to extend. If it gets through the 13.61 high, you could see 15 and 18.

2. Ballard Power Systems

Ballard Power Systems (NASDAQ:BLDP) swing continues to push. After Tuesday’s pullback and reversal, Wednesday it was up 52 cents, or 2.66%, to 20.06, extending to a new high of 20.30, on 5.2 million shares traded. Going forward, I am looking for 22 1/2-23.

3. DocuSign

DocuSign (NASDAQ:DOCU) has been a monster. Since the low 60’s it’s been ripping it by 250%. On Wednesday, it jumped 8.60, or 4.35%, to 206.35, closing at the session high at 206.55, on 6.1 million shares traded and in after-hours it was up another 2.59. It’s up at my predicted top. I’m not sure how much further it can go, but momentum is strong on this one.

4. Tortoise Acquisition

Tortoise Acquisition (NYSE:SHLL) pullback formed a down channel, and on Wednesday it ended with a snapback, but didn’t breakout. It popped 2.58, or 11%, to 26.34, with a high of 26.75, on 4.4 million shares traded, and another 66 cents in after-hours. Nevertheless, I want to see this stock make a move through the declining topsline. The next target is 29 1/2. Then we’re looking for 33-4-5.

5. UP Fintech Holding Limited

Up Fintech Holding (NASDAQ:TIGR) had its second big gap up in three day, exploding 1.41, or 26%, to 6.90, with a session high of 7.18, on 10.6 million shares traded. That’s big volume for this stock. TIGR has gone from the March low of under 2.00 to over 7.00.

On the long side

Altimmune, Inc. (NASDAQ:ALT), Alpha Pro Tech, Ltd. (APT), Accelerate Diagnostics, Inc. (NASDAQ:AXDX), Brainstorm Cell Therapeutics Inc. (BCLI), Bloom Energy Corporation (NYSE:BE), Ballard Power Systems Inc. (BLDP), BiondVax Pharmaceuticals Ltd. (BVXV), DocuSign, Inc. (DOCU), Fluidigm Corporation (NASDAQ:FLDM), First Solar, Inc. (NASDAQ:FSLR), GenMark Diagnostics, Inc. (NASDAQ:GNMK), Jumia Technologies AG (NYSE:JMIA), Lakeland Industries, Inc. (NASDAQ:LAKE), Livongo Health, Inc. (LVGO), Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL), Niu Technologies (NASDAQ:NIU), NantKwest, Inc. (NASDAQ:NK), Nikola Corporation (NKLA), Invitae Corporation (NYSE:NVTA), ooma, Pan American Silver Corp. (PAAS), Qudian Inc. (NYSE:QD), Riot Blockchain, Inc. (NASDAQ:RIOT), Retractable Technologies, Inc. (RVP), Sea Limited (SE), Tortoise Acquisition Corp. (SHLL), Electrameccanica Vehicles Corp. (NASDAQ:SOLO), SunPower Corporation (NASDAQ:SPWR), UP Fintech Holding Limited (TIGR), VBI Vaccines Inc. (NASDAQ:VBIV), and 21Vianet Group, Inc. (NASDAQ:VNET).

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