Check Point Software Technologies Ltd. (NASDAQ:CHKP) popped through the recent high and went to the 6-year high. The highest level ever reached in this stock was back in 2000 when it traded at 118.55. On Thursday, it ran up to 112.04, before pulling back and closing up 1.45, or 1.32%, to 111.40, on 842,012 shares traded. It is now 4-waves up, and the fifth wave could take it to the top of the channel to 125.00. It has 5.3 days to cover .
Puma Biotechnology, Inc. (NASDAQ:PBYI) has had quite a move in the last two weeks. It has gone from 28, and change, to Thursday’s high at 80.00, with big volume on fantastic drug news. On Thursday, it followed through and was up another 3.10, or 4%, to 78.05, on 5.3 million shares traded, and the backed off the high. I do have a target at the 83, followed by 95ish.
Sequans Communications S.A. (NYSE:SQNS) is looking pretty good. Since it broke out in April, it pulled back at about 2.85-.90, and, subsequently, moved to 4.44 on Thursday, jumping 23 cents, or 5.56%, to 4.37, on 1.2 million shares traded. It reached a new multi-year, or 6-year, high. If it gets up through that zone, it may very well see 6.50.
Teladoc, Inc. (NYSE:TDOC) is looking good. After the explosive move three weeks ago, it formed a wedge, and on Thursday, it popped out of the wedge, and ran up 1.40, or 4.8%, to 30.50, on 688,712 shares traded. Volume wasn’t exceptional, but okay. Watch this level. If it gets over 31, this stock could run into the mid 30’s. It had 15.8 days to cover .
Stocks on the long side included Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), Abercrombie & Fitch Co. (NYSE:ANF), Best Buy Co., Inc. (NYSE:BBY), BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), Callidus Software Inc. (NASDAQ:CALD), Camtek Ltd. (NASDAQ:CAMT), Check Point Software Technologies Ltd. (NASDAQ:CHKP), Tableau Software, Inc. (NYSE:DATA), Integrated Device Technology, Inc. (NASDAQ:IDTI), INSYS Therapeutics, Inc. (NASDAQ:INSY), JinkoSolar Holding Co., Ltd. (NYSE:JKS), KEMET Corporation (NYSE:KEM), New Age Beverages Corporation (NASDAQ:NBEV), Puma Biotechnology, Inc. (NASDAQ:PBYI), Sequans Communications S.A. (NYSE:SQNS), Teladoc, Inc. (NYSE:TDOC), Triumph Group, Inc. (NYSE:TGI), and Titan Machinery Inc. (NASDAQ:TITN).