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4 Stocks To Watch Today: DVAX, IMGN, SGMO, SRPT

Published 10/02/2017, 11:55 PM
Updated 07/09/2023, 06:31 AM

Dynavax Technologies Corporation (NASDAQ:DVAX), one of our swing trades, is doing great, jumping another 1.75, or 8%, to 23.25, on 3.6 million shares traded on Monday. After the pop, explosive move, and wedge, we gave you a buy on it. This stock has gone from 15.00 to 23.00, and change, and it looks like it can go higher. My next target is in the 28-9 zone. It has 4.5 days to cover .

ImmunoGen Inc (NASDAQ:IMGN) is one of our swing trades that has worked beautifully this year. It stair-stepped up beautifully, formed a recent falling wedge, popped out of it, and has been up every day, or seven days, since then. It’s now up against resistance. On Monday, it was up 27 cents, or 3.53%, to 7.92, on 4 million shares traded. It pulled back enough to close under 8.00. We’ll just have to keep an eye on it. Resistance is at 8.84. If it gets through that, I’m looking for 9 1/2, and then 12.00 as the next targets.

Swing trade Sangamo Therapeutics Inc (NASDAQ:SGMO) broke out on Friday, followed through on Monday with a nice pop of 1.20, or 8%, to 16.20, on 2.4 million shares traded. I like the action. I like the look of it. Lateral resistance is at 20.00. That’s also the top of the channel. I’m looking for a move to the 19-20 zone.

Sarepta Therapeutics Inc (NASDAQ:SRPT), one of our swing trades, is working well, jumping 4.19, or 9%, to 49.55, on 4.55 million shares traded on Monday. It crossed the consolidation zone, and closed at the high for the day going away. That’s the best volume on an up-day in a month. It looks to me like it’s headed for 56.00. It has five days to cover .

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On the long side, stocks included Abeona Therapeutics Inc (NASDAQ:ABEO),Arbutus Biopharma Corp (NASDAQ:ABUS), AcelRx Pharmaceuticals, Inc. (ACRX), Bristol-Myers Squibb Company (NYSE:BMY), Dicerna Pharmaceuticals Inc (NASDAQ:DRNA), Dynavax Technologies Corporation (DVAX), Endocyte, Inc. (ECYT), General Motors Company (NYSE:GM), Helios and Matheson Analytics Inc. (HMNY), ImmunoGen, Inc. (IMGN), Inovalon Holdings, Inc. (INOV), Impax Laboratories Inc (NASDAQ:IPXL), Kandi Technologies Group, Inc. (KNDI), Kronos Worldwide, Inc. (KRO), Pieris Pharmaceuticals, Inc. (PIRS), uniQure N.V. (QURE), Rigel Pharmaceuticals, Inc. (RIGL), Seattle Genetics, Inc. (SGEN), Sangamo Therapeutics, Inc. (SGMO), Spectrum Pharmaceuticals, Inc. (SPPI), Square, Inc. (NYSE:SQ), Sarepta Therapeutics, Inc. (SRPT), VirnetX Holding Corp (VHC), Voyager Therapeutics, Inc. (VYGR), and Zogenix Inc (NASDAQ:ZGNX).

Latest comments

Where is you IMGN now?!?!
IMGN close to -10% after hours. Secondary share offering
I see a huge upside in from its current price through tax reform release. As you have posted, this stock has a higher than average beta that moves with the market. As a lot of analysts are predicting a 10-15% rise in the market if tax cuts are passed, I am leaded to believe IMGN will continue stair stepping at its current growth rate or possibly faster as the market rises. What are your thoughts on this, and its path forward through the end of 2017 if tax reform is passed?
Mr. Boxer, do you publish your picks somewhere at the time of initiation? I'd love to subscribe.
Excellent picks, bio sector has been a winner lately
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