Corcept Therapeutics Incorporated (NASDAQ:CORT), one of our swing trades, is doing very well. It has a falling wedge that broke on Tuesday with a pop, gaining another 87 cents, or 6.2%, to 14.87, on 1.6 million shares traded. If it can get through 15.26, it could extend toward 16 1/2, and then 18. It has 10.6 days to cover .
MiMedx Group, Inc. (NASDAQ:MDXG) broke out of a couple month-long consolidation on Tuesday, jumping 96 cents, or 6%, to 16.74, on 4.4 million shares traded. The targets going forward are 19, 22, and 24. It has 22 days to cover .
Stocks on the Short Side…..
MYR Group Inc. (NASDAQ:MYRG) rolled over in April, formed a wedge, and then broke down out of the wedge, going from 32 to 24 on Tuesday, down another 80 cents, or 3%, to 24.30, on 73,764 shares traded. I think it still has more to go to 22 1/2, and, eventually, 18 1/2.
Tetra Tech, Inc. (NASDAQ:TTEK) had a massive drop in January, and right now has formed a bear wedge. On Tuesday, it had a little bit of a drop, down 30 cents to 41.30, on 302,286 shares traded. Targets are 39, 36-7, and longer-term it could be 30, or less.
On the long side, stocks included Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT), China Cord Blood Corporation (NYSE:CO), Corcept Therapeutics Incorporated (NASDAQ:CORT), Extreme Networks, Inc. (NASDAQ:EXTR), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), Hertz Global Holdings, Inc. (NYSE:HTZ), ImmunoGen, Inc. (NASDAQ:IMGN), Kite Pharma, Inc. (NASDAQ:KITE), Kopin Corporation (NASDAQ:KOPN), MiMedx Group, Inc. (NASDAQ:MDXG), MyoKardia, Inc. (NASDAQ:MYOK), Otonomy, Inc. (NASDAQ:OTIC), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), and Wynn Resorts Ltd. (NASDAQ:WYNN).
On the short side, stocks included Advance Auto Parts Inc. (NASDAQ:AAPL), Cummins Inc. (NYSE:CMI), Dick's Sporting Goods, Inc. (NYSE:DKS), Genesco Inc. (NYSE:GCO), Gentex Corporation (NASDAQ:GNTX), Hibbett Sports, Inc. (NASDAQ:HIBB), L Brands, Inc. (NYSE:LB), Lannett Company, Inc. (NYSE:LCI), MYR Group Inc. (NASDAQ:MYRG), Parsley Energy, Inc. (NYSE:PE), Signet Jewelers Limited (NYSE:SIG), Tanger Factory Outlet Centers, Inc. (NYSE:SKT), Targa Resources Corp. (NYSE:TRGP), Tetra Tech, Inc. (NASDAQ:TTEK), Taubman Centers, Inc. (NYSE:TCO), Under Armour, Inc. (NYSE:UAA), Urban Outfitters, Inc. (NASDAQ:URBN), and Veritiv Corporation (NYSE:VRTV).