Collegium Pharmaceutical Inc (NASDAQ:COLL) had a really good day on Tuesday considering biotech’s got hammered. It was up 1.11, or 5.54%, to 21.13, on a solid 655,833 shares traded. It needs to be a little bit better than that. I’m still looking for 23, 25, and 29 going forward.
Kirkland Lake Gold Ltd (TO:KL) broke out of a little wedge recently and continues to run. On Tuesday, it was up another 62 cents, or 3.85%, to 16.74, on a solid 726,701 shares traded. It looks to me like it broke out. My target is 19-20.
Stocks on the Short Side…..
Check Point Software Technologies Ltd. (NASDAQ:CHKP) is still siting on the neckline of its left shoulder-head-right shoulder, the right shoulder being a big wedge pattern. It was down another 51 cents to 102.49, on 1.6 million shares traded on Tuesday. I would wait to see if it cracks 100. If it does, 93, 86, and even 80 are targets.
Trade Desk Inc (NASDAQ:TTD) dropped 80 cents, or 2%, to 48.33, on 906,052 shares traded on Tuesday. It's right at the apex of the wedge I’ve been showing you for a couple three weeks now, but it’s been in this process for two months. If it cracks, look for a move down to about 36.
On the long side, stocks included Aurora Cannabis Inc (OTC:ACBFF) General Cannabis Corp. (CANN), Canopy Growth Corporation (TWMJF), Autohome Inc. (ATHM), Collegium Pharmaceutical, Inc. (COLL), Corcept Therapeutics Incorporated (CORT), Fanhua Inc. (FANH), Goldcorp Inc. (GG), Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Kirkland Lake Gold Ltd. (KL), Kush Bottles, Inc. (KSHB), My Size, Inc. (MYSZ), Sorrento Therapeutics, Inc. (SRNE), ProShares Ultra VIX Short-Term Futures (UVXY), and vips.
Stocks on the short side included Owens-Illinois, Inc. (NYSE:OI), Advanced Energy Industries, Inc. (AEIS), Argan, Inc. (AGX), Check Point Software Technologies Ltd. (CHKP), Charles River Laboratories International, Inc. (CRL), Glaukos Corporation (GKOS), Heska Corporation (HSKA), The Medicines Company (MDCO), Medidata Solutions, Inc. (MDSO), PCM, Inc. (PCMI), Repligen Corporation (RGEN), RE/MAX Holdings, Inc. (RMAX), Red Robin Gourmet Burgers Inc. (RRGB), Sohu.com Inc. (SOHU), The Trade Desk, Inc. (TTD), Under Armour, Inc. (UAA), Wix.com Ltd. (WIX), and Universal Corporation (UVV).