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4 Stocks On The Rise: CASI, CCJ, IMMU, MRTX

By Harry BoxerStock MarketsMay 02, 2018 12:38AM ET
www.investing.com/analysis/casi-ccj-immu-mrtx-200311568
4 Stocks On The Rise: CASI, CCJ, IMMU, MRTX
By Harry Boxer   |  May 02, 2018 12:38AM ET
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Casi Pharma (NASDAQ:CASI) is doing well. On Tuesday, it popped 48 cents, or 7.21%, to 7.14, on 769,650 shares traded. The volume picked up a little bit and it may be beginning to move out of here. The target going forward is 10.

Cameco Corp (NYSE:CCJ), a uranium company, formed a left shoulder-head-right shoulder, and is right at the neckline. It spiked 62 cents, or 6%, to 11.15, on 5.5 million shares on Tuesday. I’m looking at the 12 1/2-13 1/2 zone. If it gets through that, on a longer-term basis where you might see this stock make a bigger move up towards key-key resistance could be tested at some point. That comes in around 17 1/2-18. So, my targets on this stock are 13 1/2 and 17 1/2.

Immunomedics Inc (NASDAQ:IMMU) has a beautiful long-term chart, rising parallel channel, and long consolidation. It looks like the 19.04 area was taken out with another 83 cents, or 4.56%, on 1.9 million shares on Tuesday. At this point, I’m looking for 23 and 25 as the next targets on IMMU.

Mirati Therapeutics (NASDAQ:MRTX), a swing trade that we put in September, continues to improve. The last 3-4 months it’s been consolidating nicely. It looks like it may have come through the declining top line, consolidated, and is moving back up again. On Tuesday, it jumped 1.85, or 6%, to 32.65, on 346,462 shares traded. Going forward, I am looking at 33 1/2, a retest of 37, and then low 40’s.

Stocks on the long side included CASI Pharmaceuticals, Inc. (CASI), Cameco Corporation (CCJ), The Geo Group Inc (NYSE:GEO), Heron Therapeuti (NASDAQ:HRTX), Heat Biologics Inc (NASDAQ:HTBX), Immunomedics, Inc. (IMMU), Kirkland Lake Gold Ltd (TO:KL), Mirati Therapeutics, Inc. (MRTX), MagnaChip Semiconductor (NYSE:MX), Tenet Healthcare Corporation (NYSE:THC), and Travelzoo Inc (NASDAQ:TZOO).

On the short side, stocks included Alnylam Pharmaceuticals Inc (NASDAQ:ALNY), Belden Inc (NYSE:BDC), Bitauto Holdings Limited (NYSE:BITA), National Beverage Corp (NASDAQ:FIZZ), Lumber Liquidators Holdings Inc (NYSE:LL), Mazor Robotics Ltd (NASDAQ:MZOR), Prestige Brand Holdings Inc (NYSE:PBH), Sun Hydraulics Corporation (NASDAQ:SNHY), and Wayfair Inc (NYSE:W).

4 Stocks On The Rise: CASI, CCJ, IMMU, MRTX
 

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4 Stocks On The Rise: CASI, CCJ, IMMU, MRTX

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