Collegium Pharmaceutical, Inc. (NASDAQ:COLL) closed down 6 cents to 16.94, on nearly 500,000 shares traded on Monday. In afterhours, however, it formed a nice wedge on an announcement that they did a deal with Depomed, and it is now up 1.56 up near resistance. If it gets through 19-19 1/4, it could see 21-2 pretty quickly.
Overstock.com, Inc. (NASDAQ:OSTK) gained 3.80, or 9%, to 46.10, on 4.3 million shares traded on Monday. After coming down for five days, it had an inside day, which could be a precursor to a reversal. It had a nice day on Monday, but it didn’t blow. For me, the next target is 49-49 1/2, if it can get above 47 3/4.
Stocks on the Short Side….
Charles River Laboratories International, Inc. (NYSE:CRL), which I put out as a swing, moved up a little higher to resistance, reversed on Monday and dropped 2.22, or 2%, to 102.07, on 388,938 shares traded. I’m looking for this stock to test 99.00, and then run down to 92-3.
Boxer Swing Short Medidata Solutions, Inc. (NASDAQ:MDSO) lost 2.56, or 3.8%, to 64.79, on 422,506 shares traded, closing near the low end of the range on Monday. It ran up to resistance and pulled back, bounced for a day or two weekly on lousy technicals, and reversed on Monday. Targets going forward are 59 1/2, 49 1/2, and then 50. I think the back of the trend is broken.
On the long side, stocks included Aptevo Therapeutics Inc. (NASDAQ:APVO), Aradigm Corporation (NASDAQ:ARDM), General Cannabis Corp. (CANN), CASI Pharmaceuticals, Inc. (NASDAQ:CASI), Cameco Corporation (NYSE:CCJ), Collegium Pharmaceutical, Inc. (COLL), Digital Power Corporation (NYSE:DPW), Etsy, Inc. (NASDAQ:ETSY), Bitcoin Investment Trust (OTC:GBTC), Remark Holdings, Inc. (MARK), Overstock.com, Inc. (NASDAQ:OSTK), and Stitch Fix, Inc. (NASDAQ:SFIX).
On the short side, stocks included Charles River Laboratories International, Inc. (CRL), Finisar Corp. (FNSR), Medidata Solutions, Inc. (MDSO), Natural Health Trends Corp. (NASDAQ:NHTC), PCM, Inc. (NASDAQ:PCMI), Repligen Corporation (NASDAQ:RGEN), Shopify Inc. (NYSE:SHOP), Tactile Systems Technology Inc., TrueCar, Inc. (NASDAQ:TRUE), The Trade Desk, Inc. (NASDAQ:TTD), Veritiv Corporation (NYSE:VRTV), Whirlpool Corporation (NYSE:WHR), and Wix.com Ltd. (NASDAQ:WIX).