Concert Pha (NASDAQ:CNCE) had a very strong day on Monday on positive drug news. This stock has gone from the mid 20’s, all the way down to the 7-8.00 range, based out, formed a huge breakaway gap, and then exploded 5.99, or 62%, to 15.64, on 10.6 million shares traded on Monday. Huge volume, possibly the biggest ever for CNCE. Although it was 2 3/4 off the high, it closed pretty well above the mid-range. I expect it to retest 18-18 1/2, low-to-mid 20, and then 25 to retest the highs from a year and a half ago.
TG Therapeutics Inc (NASDAQ:TGTX), with a breakaway day on Monday, exploded 4.85, or 91%, to 10.20, on 33.6 million shares traded. That’s the best volume ever traded for this stock. I want to see what the next few days bring for TGTX. There is some support around the 8.00 range. I’d like to see if that consolidates, and runs up further. The targets are 13, 15, and 19 going forward.
Stocks on the Short Side….
Cardtronics Inc (NASDAQ:CATM) bear-flagged on Monday, dropping 9 cents to 44.73, on 285,492 shares traded. It looks like it’s headed much lower. If it breaks down around 42.75, it could test the 40, maybe even the 36 range.
Papa John's International Inc (NASDAQ:PZZA), which we put a swing on Monday, is not looking good. It had a break down a week and a half ago, followed by a bear wedge, and looks like it’s breaking down again. On Monday, it was down 41 cents to 77.56, on 494,609 shares traded. If it gets under 72, it could make a disastrous move to the low-to-mid 60’s.
Stocks on the long side included Aurinia Pharmaceuticals Inc (NASDAQ:AUPH), Concert Pharmaceuticals, Inc. (CNCE), Community Health Systems Inc (NYSE:CYH), Foundation (NASDAQ:FMI), Intevac Inc (NASDAQ:IVAC), Kite Pharma (NASDAQ:KITE), Magal Security Systems Ltd (NASDAQ:MAGS), Nanometrics Incorporated (NASDAQ:NANO), NewLink Genetics Corporation (NASDAQ:NLNK), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), TG Therapeutics Inc (NASDAQ:TGTX), Ultra Clean Holdings Inc (NASDAQ:UCTT), VBI Vaccines Inc (NASDAQ:VBIV), and Virtusa Corporation (NASDAQ:VRTU).
On the short side, stocks included Acuity Brands, Inc. (NYSE:AYI), Cardtronics plc (NASDAQ:CATM), Dillard's, Inc. (NYSE:DDS), G-III Apparel Group, Ltd. (NASDAQ:GIII), Hibbett Sports, Inc. (NASDAQ:HIBB), Huron Consulting Group Inc. (NASDAQ:HURN), iRobot Corporation (NASDAQ:IRBT), Papa John's International, Inc. (PZZA), Ralph Lauren Corporation (NYSE:RL), Sally Beauty Holdings, Inc. (NYSE:SBH), Signet Jewelers Limited (NYSE:SIG), Target Corporation (NYSE:TGT), Tempur Sealy International, Inc. (NYSE:TPX), Under Armour, Inc. (NYSE:UAA), and United Parcel Service, Inc. (NYSE:UPS).