CRISPR Therapeutics AG (NASDAQ:CRSP) made a big move on Wednesday, jumping 5.81, or 9%, to 69.57, 1.9 million shares. It has gone from 47 to 69 in the last two weeks. The pause and then two days on lower volume gave it the momentum to pop back up on volume again. Mid-channel line is right about 75. That is my target, and eventually I think it will work it’s way higher.
Intelsat S.A. (NYSE:I) has made another phenomenal move breaking out of a wedge on Wednesday, and gaining 1.76, or 12%, to 16.30, on 4.77 million shares. It looks like it’s headed to 20-21.
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) is still running up. What a beautiful chart this one is, with a rising flag on Wednesday, taking it up another 74 cents, or 5.69%, to 13.75, on 2.2 million shares. Volume is steady. OBV is steady. I would not be shocked if this stock made it all the way up to my 16-17 target zone.
Varonis Systems, Inc. (NASDAQ:VRNS), one of our old swings from back in May of last year, and it is still running, going from the low 30’s to the mid 70’s. It jumped 2.20, or 3%, to 74.90, on 213,338 shares traded on Wednesday. I think it has further to go and is eventually an 85-dollar stock.
Stocks on the long side included ArQule, Inc. (NASDAQ:ARQL), Baozun Inc. (NASDAQ:BZUN), Cara Therapeutics, Inc. (NASDAQ:CARA), CRISPR Therapeutics AG (NASDAQ:CRSP), eGain Corporation (NASDAQ:EGAN), Evolus, Inc. (NASDAQ:EOLS), Geron Corporation (NASDAQ:GERN), Turtle Beach Corporation (NASDAQ:HEAR), Intelsat S.A. (I), Immunomedics, Inc. (NASDAQ:IMMU), Mirati Therapeutics, Inc. (NASDAQ:MRTX), Minerva Neurosciences, Inc. (NASDAQ:NERV), Quantenna Communications, Inc. (NASDAQ:QTNA), Sea Limited (NYSE:SE), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), Canopy Growth Corporation (OTC:TWMJF), USA Technologies, Inc. (NASDAQ:USAT), 21Vianet Group, Inc. (NASDAQ:VNET), Varonis Systems, Inc. (NASDAQ:VRNS), and Xencor, Inc. (NASDAQ:XNCR).