Casi Pharma (NASDAQ:CASI) popped and broke out, and I put a swing on it. I like the wedge that’s forming. It looks like it’s about to explode out of it. We’ll see. On Tuesday, it was up 41 cents or 6.39%, to 6.93, and the volume picked up to nearly a million shares. It needs to get up through 7 1/2, and then my targets will be upward of 9 1/2-10.
California Resources Corp (NYSE:CRC) is continuing to push, jumping 55 cents, or 2.45%, to 22.96, on 1.2 million shares on Tuesday. It’s been up seven days in a row and up through a couple layers of resistance. If it gets through here, it should test the January highs at 22.95, and above that, I think it's clear sailing to 30, or better.
Legacy Reserves LP (NASDAQ:LGCY) is really a nice, little, junior-oil stock. After the breakout, I gave you a swing on it, and it got up to my first target on Tuesday, which was around 6 1/2-3/4, and it got up to 6 1/4, gaining 13 cents, or 2.3%, to 5.78, on a million shares. You can see the line of resistance. If it can back and fill for a few days, and not go down too much, you could very well see 8, and 9 1/2 on this one.
Pure Storage Inc (NYSE:PSTG) popped out of the falling wedge on Tuesday, jumping 1.29, or 6.6%, to 20.77, on 3.8 million shares, and held the channel bottom as well. It looks like it should make a run as early as Wednesday to 21.40. If it gets through that, maybe it will even get up to 22.50. Ultimately, we’re looking for a run to the top of the channel in the 25-6 range.
Stocks on the long side included ArQule Inc (NASDAQ:ARQL), Casa Systems, Inc. (CASA), CASI Pharmaceuticals, Inc. (CASI), Clearside Biomedical Inc (NASDAQ:CLSD), California Resources Corporation (CRC), Carvana Co. (CVNA), eGain Corporation (EGAN), First Solar, Inc. (NASDAQ:FSLR), Intelsat Sa (NYSE:I), IntriCon Corporation (IIN), Immunomedics Inc. (IMMU), Direxion Daily S&P Biotech Bull 3X ETF (LABU), Legacy Reserves LP (LGCY), Match Group, Inc. (NASDAQ:MTCH), Novanta Inc. (NOVT), Nutanix, Inc. (NTNX), NovoCure Limited (NVCR), Pure Storage, Inc. (PSTG), Qualys, Inc. (QLYS), Roku, Inc. (ROKU), Rayonier Advanced Materials (NYSE:RYAM), Sailpoint Technologies Holdings Inc (NYSE:SAIL), Twitter, Inc. (TWTR), and Xencor, Inc. (XNCR).
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