That was a pretty darn good day on Wall Street on Wednesday. The market gapped, ran, pulled back, closed well, and the technicals look good. We’ve got a lot of stocks that look well. Let’s take a look at them.
Cemtrex Inc (NASDAQ:CETX) is acting well, up four days in a row. On Wednesday it was up 12 cents to 4.47, or 2.76%, on 180,987. Low volume. Good OBV. I think that if it can get through the 4.57 area, we could see this stock run 5 1/4-1/2, and then 6 1/4-1/2.
US Silica Holdings Inc (NYSE:SLCA) is one of our swing trades that is continuing to act great. It had the breakout and retest in April, and then ran up about 60-70% from 22 to 37. On Wednesday it was up 1.21 to 34.46, or 3.4%, on 2 million shares, reaching a new, all-time high at 37.05. The next target is at 39-40. It has 4.65 to cover.
Teladoc Inc (NYSE:TDOC) is acting great, even though it was up only 3 cents to 17.54, on 1.4 million shares on Wednesday. After it popped, consolidated for two weeks, it popped again. The first swing trade target was met on Wednesday just under 18. The next target is in the 20-21 range. It has 10.9 days to cover.
Ubiquiti Networks Inc (NASDAQ:UBNT), a swing trade of ours, was up 2.07 to 41.82, or 5.2%, on 948,900 shares traded on Wednesday. I gave you a swing April-May that worked for a while, and then pulled back on Brexit, held the trendline, and now it’s made new highs. Looking at the old highs this looks like a stock that could visit 46, and then 48. It has 10 days to cover.
Stocks on the long side included Acacia Communications Inc (NASDAQ:ACIA), Cemtrex Inc. (CETX), Direxion Daily Gold Miners Bear 3X ETF (NYSE:DUST), Eleven Biothera (NASDAQ:EBIO), Exelixis Inc (NASDAQ:EXEL), Direxion Daily S&P Biotech Bull 3X Shares (NYSE:LABU), Lannett Com (NYSE:LCI), Ocean Power Technologies Inc (NASDAQ:OPTT), Progenics Pharmaceuticals Inc (NASDAQ:PGNX), US Silica Holdings Inc (NYSE:SLCA), SkyPeople Fruit Juice Inc (NASDAQ:SPU), Synacor Inc (NASDAQ:SYNC), Teladoc, Inc. (TDOC), and Ubiquiti Networks, Inc. (UBNT). It has 16 days to cover.