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4 Stocks To Watch: CLVS, EMES, PBYI, VUZI

By Harry BoxerStock MarketsSep 09, 2016 02:42AM ET
www.investing.com/analysis/clvs,-emes,-pbyi,-vuzi-200152576
4 Stocks To Watch: CLVS, EMES, PBYI, VUZI
By Harry Boxer   |  Sep 09, 2016 02:42AM ET
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The stock market had a lousy day on Thursday, but a lot of our stocks did well. We’re going to go over a lot of longs to see what’s up with them and what is emerging. A lot of them are biotech’s, oil and gas, and others. We’re really following the right stocks, so let’s take a look at some of them.

Clovis Oncology Inc (NASDAQ:CLVS) is really acting well, up 3.66, or 15%, to 28.01, on 12.5 million shares traded. When we first saw the pop and pullback, we gave you a buy on it. It popped again and pulled back. Nevertheless, looking at the pattern, it appears that the rising channel has been spiked through. If that is the case, this stock may very well test as early as Friday, the 31.00 range. Any follow-through in that area will be 36, but that’s a big one. It has 10 days to cover.

Emerge Energy Services LP (NYSE:EMES), which I’ve been following for a long time, was a disaster and a Boxer Short ever since it wedged several times, and then kept on going in a long down channel. Finally, after getting under 2.00, it popped up, pulled back, and popped up again, consolidated, and now it’s breaking out. Thursday’s move of 1.65, or almost 13%, to 14.51, on 1.1 million shares traded was significant. My next target on this one is 18 short-term, and then 21 mid-channel.

Puma Biotechnology (NYSE:PBYI), which I put another swing on Thursday, is moving forward, up 1.01, or 2%, to 59.02, on 362,290 shares traded. The reason I put the swing on it is because, when I get a parallel declining channel that goes from 207-9 down to 19, and change, forms an inverse head-and-shoulders, breaks out and flags a couple of times, looks to me like it has to have one more leg up. That leg could take it to the high 70’s, maybe even 80’s. It has 6.4 days to cover.

Vuzix Corp Cmn Stk (NASDAQ:VUZI) had a huge day on Thursday, up 59 cents, or 6.48%, to 9.69, on 946,931 shares traded. If you look at the chart, you will see that we reached the 9.60 and 9.75 targets, and on Thursday, it reached a high of 9.80. Technically, if it moves through this level, it may very well make it up to my next at 12.00.

Stocks on the long side included Apache Corp. (NYSE:APA), Aralez Pharmaceuticals Inc (NASDAQ:ARLZ), Bluebird bio Inc (NASDAQ:BLUE), Bazaarvoice Inc (NASDAQ:BV), Chesapeake Energy Corporation (NYSE:CHK), Clovis Oncology Inc (NASDAQ:CLVS), Clayton Williams Energy Inc (NYSE:CWEI), Encana Corporation (NYSE:ECA), Emerge Energy Services (EMES), Exelixis Inc (NASDAQ:EXEL), Finisar Corporation (NASDAQ:FNSR), MabVax Therapeutics Holdings Inc (NASDAQ:MBVX), Marathon Oil Corporation (NYSE:MRO), Puma Biotechnology, Inc. (PBYI), Aratana Thr (NASDAQ:PETX), Resolute Energy Corp (NYSE:REN), Shutterstock (NYSE:SSTK), Southwestern Energy Company (NYSE:SWN), Tailored Brands Inc (NYSE:TLRD), TESARO Inc (NASDAQ:TSRO), VelocityShares 3x Long Crude linked to S&P GSCI Crude Oil Excess Return (NYSE:UWTI), Vuzix Corporation (VUZI), and Xencor Inc (NASDAQ:XNCR).

4 Stocks To Watch: CLVS, EMES, PBYI, VUZI
 

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4 Stocks To Watch: CLVS, EMES, PBYI, VUZI

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