Cohu, Inc. (NASDAQ:COHU), one of our old favorites, continues to go. In February of this year, it was trading in the 15 range, and now it’s about 11 points higher at 26. On Tuesday, it popped above resistance, gaining 76 cents, or 3%, to 25.80, on 276,313 shares traded. Now, it’s headed higher, and I think it’s headed to 29.
Corcept Therapeutics Incorporated (NASDAQ:CORT), after a difficult start this morning, had a big pop, and then a big pullback. It went from under 19 to almost 20, popping 79 cents, or 4%, to 19.69, on 1.6 million shares traded. Looking at the daily chart, you’ll see that the wedge was broken on Tuesday, and I think it broke out. On Wednesday, I’d be watching the 20.00-.10 range. If it gets through that you could see it run to 22, and then 24. It has 5.4 days to cover .
Melco Resorts & Entertainment L (NASDAQ:MLCO) broke out of key resistance on Tuesday that it’s been in for 5 weeks, jumping 1.64, or 7%, to 25.28, on 7 million shares traded. It looks to me like it’s headed up toward 28-9.
NovoCure Limited (NASDAQ:NVCR) snapped back to test the highs from September, running 1.25, or 6%, to 21.60, on 1.5 million shares traded. If it can get to 22.30, you may see it run to the 29 target. There’s 8.6 days to cover .
On the long side, stocks included Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS), Apptio, Inc. (NASDAQ:APTI), Calumet Specialty Products Partners (NASDAQ:CLMT), Cohu, Inc. (NASDAQ:COHU), Corcept Therapeutics Incorporated (NASDAQ:CORT), Cree, Inc. (NASDAQ:CREE), Data I/O Corporation (NASDAQ:DAIO), Exact Sciences Corporation (NASDAQ:EXAS), Global Blood Therapeutics, Inc. (NASDAQ:GBT), Data I/O Corporation (NASDAQ:DAIO), Integrated Device Technology, Inc. (NASDAQ:IDTI), KEMET Corporation (NYSE:KEM), Melco Resorts & Entertainment L (NASDAQ:MLCO), Micron Technology, Inc. (NASDAQ:MU), Mazor Robotics Ltd. (NASDAQ:MZOR), Intellia Therapeutics Inc. (NASDAQ:NTLA), NovoCure Limited (NASDAQ:NVCR), mvmi, Universal Display Corporation (NASDAQ:OLED), Overstock.com, Inc. (NASDAQ:OSTK), QuinStreet, Inc. (NASDAQ:QNST), Square, Inc. (NYSE:SQ), Sterling Construction Company, Inc. (NASDAQ:STRL), Trex Company, Inc. (NYSE:TREX), and Triton International Limited (NYSE:TRTN).