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4 Stocks To Watch: CRNT, GIMO, MZOR, NVCR

By Harry BoxerStock MarketsMay 09, 2017 12:20AM ET,-gimo,-mzor,-nvcr-200187867
4 Stocks To Watch: CRNT, GIMO, MZOR, NVCR
By Harry Boxer   |  May 09, 2017 12:20AM ET
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Ceragon (NASDAQ:CRNT), one of our favorites, has a beautiful long-term chart similar to a lot of low-priced stocks we follow closely. It broke out of a falling wedge, pulled back and flagged for a week. I think Monday was a significant day. It popped 21 cents, or 61/4%, to 3.57, on 446,146 shares traded on low volume, but it picked up to one of the bigger volumes in the last three or four weeks. More importantly, it took out a resistance zone and may be headed to the 33.75-.80 zone. If it gets through that, the next target is 4.25, followed by 5.00-.50. It’s already four waves up, and the fifth wave could take it up to that zone.

Gigamon Inc. (NYSE:GIMO), which was looking pretty dire, had a good day on Monday. It was one of our favorites last year when it ran from 20, all the way up to 60, but then it cracked. If formed a long wedge and cracked again, holding near support around 30, and then last week it moved up sharply. On Monday, it popped another 6.20, or 18%, to 41.20, on 5.3 million shares traded. So, basically, it moved from 30-30 1/2 all the way up to 41.90 in a week. Even though there is resistance ahead, I think the momentum could carry this into the high 40’s. There may be an entry opportunity perhaps on a pullback. It has 3.9 days to cover .

Mazor Robotics Ltd. (NASDAQ:MZOR) has a beautiful chart, jumping 2.71, or 8%, to 38.48, on 1.1 million shares traded on Monday. It’s four waves up and the fifth wave is underway. It could lead to 43, or even to mid-to-high 40’s. It has 7.3 days to cover .

NovoCure Limited (NASDAQ:NVCR), one of our swing trades, is finally moving, gaining 70 cents, or 6%, to 12.50, on 834,818 shares traded on Monday. The volume was decent. Look for it to run to the 13, 14, and ultimately 17 and 18 if it picks up energy.

Stocks on the long side included CombiMatrix Corporation (NASDAQ:CBMX), Ceragon Networks Ltd. (CRNT), 3D Systems Corporation (NYSE:DDD), EMCORE Corporation (NASDAQ:EMKR), Extreme Networks, Inc. (NASDAQ:EXTR), Gigamon Inc. (NYSE:GIMO), Immunomedics, Inc. (NASDAQ:IMMU), Inpixon (NASDAQ:INPX), KEMET Corporation (NYSE:KEM), Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX), Kosmos Energy Ltd. (NYSE:KOS), Kornit Digital Ltd. (NASDAQ:KRNT), MiMedx Group, Inc. (NASDAQ:MDXG), Mazor Robotics Ltd. (NASDAQ:MZOR), Novanta Inc. (NASDAQ:NOVT), NovoCure Limited (NASDAQ:NVCR), Universal Display Corp. (NASDAQ:OLED), PetMed Express, Inc. (NASDAQ:PETS), Tower Semiconductor Ltd. (NASDAQ:TSEM), and Weibo Corporation (NASDAQ:WB).

4 Stocks To Watch: CRNT, GIMO, MZOR, NVCR

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4 Stocks To Watch: CRNT, GIMO, MZOR, NVCR

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