PolarityTE Inc (NASDAQ:COOL) has been acting well since the six months of a downtrend and it finally broke out, moving up for nine days in a row, pulled back and formed a bull wedge on good, low-volume ebb, popped on a secondary, which was really good news, and on Wednesday, it exploded 3.90, or 14.4%, closing at 30.95, on 1 million shares. That’s the highest close since the 31.68 close back August. I’m optimistic that it’s going to pop and run here to the mid, maybe high, 30’s. Even the low-to-mid 40’s could be had in the next week or two. This could be very powerful, so stay tuned.
EXACT Sciences Corporation (NASDAQ:EXAS): Speaking of powerful, after the explosive move it had a week ago on some drug news, then formed a little 3-day pennant, and popped again on Wednesday, jumping 2.90, or 4.64%, to 65.36, on 3.3 million shares. It looks to me like since this stock made a new high, it could accelerate to the mid-70’s.
Turtle Beach Corp (NASDAQ:HEAR) popped 1.05, or 6.27%, to 17.90, on 1.8 million shares on Wednesday. I am convinced that with a pattern that popped, wedged, popped, coiled, that another wave is about to form. I gave you a swing on it earlier on Wednesday, and it ran all the way up in after hours to 18.35, currently selling at 18.20, up another 40 cents after hours.
Swing trade Resonant Inc (NASDAQ:RESN) popped and flagged last week and is starting to move again, popping 47 cents, or 10%, to 5.14, on 283,211 shares traded on Wednesday. It looks like there’s some resistance at 5.14, and if it gets through there, it looks like there’s a lot of room to make a more upside move to 5 3/4 and 6 1/2.
Stocks on the long side included Aurora Cannabis Inc (OTC:ACBFF), General Cannabis Corp (CANN), Canopy Growth Corp (NYSE:CGC), Cronos Group Inc. (CRON), MedReleaf Corp. (MEDFF), Adverum Biotechnologies Inc (NASDAQ:ADVM), ArQule, Inc. (ARQL), Axovant Sciences Ltd. (AXON), PolarityTE, Inc. (COOL), Eloxx Pharmaceuticals, Inc. (ELOX), Endo International plc (ENDP), Evolus, Inc. (EOLS), Exact Sciences Corporation (EXAS), Turtle Beach Corporation (HEAR), Intelsat S.A. (I), Marinus Pharmaceuticals, Inc. (MRNS), Pandora Media, Inc. (P), Resonant Inc. (RESN), Six Flags Entertainment New (NYSE:SIX), STMicroelectronics (STM), Tesla, Inc. (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), Vicor Corporation (VICR), Valeant Pharmaceuticals (NYSE:VRX) International, Inc. (VRX), and Verastem Inc (NASDAQ:VSTM).