Dynavax Technologies Corporation (NASDAQ:DVAX) was featured in Market Watch this week, and extended for the fifth day in a row on Wednesday. It was up just 75 cents, or 3.25%, to 19.05, on 2.88 million shares traded, but it’s testing in the 19.60 area. If it can get through that, I’m looking at a run to 23 1/2, which is the next target.
Puma Biotechnology Inc (NASDAQ:PBYI) was doing great on Wednesday, gaining 2.25, or 2.32%, to 99.10, on 1 million shares traded. The recent high on this stock was 98.85, and Wednesday’s high was 100.10. I’m a firm believer that this stock is about to explode and get into the 110 range, and then maybe 120. It has 5 1/2 days to cover .
Stocks on the Short Side:
Amedisys Inc (NASDAQ:AMED) was down just 7 cents to 52.32 on 275,025 shares traded on Wednesday, and still looks like a short to me. It broke down and now it’s in a rising wedge at resistance up around the 54 range. If it does break down, it could see 45, and then the high 30’s.
Truecar Inc (NASDAQ:TRUE) dropped just 2 cents to 16.98 on 1.1 million shares traded on Wednesday. After it broke its trend with a major break away gap to the downside, it formed a rising bear wedge. The underlying technicals don’t look good, and if it breaks here, 13-14 are my next targets.
On the long side, stocks included CTSO, Cryoport Inc (NASDAQ:CYRX), Dynavax Technologies Corporation (DVAX), Fiat Chrysler Automobiles NV (NYSE:FCAU), G-III Apparel Group Ltd (NASDAQ:GIII), Insmed Inc (NASDAQ:INSM), Myriad Genetics Inc (NASDAQ:MYGN), Nutanix Inc (NASDAQ:NTNX), Puma Biotechnology, Inc. (PBYI), Points International Ltd. (NASDAQ:PCOM), RadNet Inc (NASDAQ:RDNT), Sarepta Therapeutics Inc (NASDAQ:SRPT), Verastem Inc (NASDAQ:VSTM), and Zogenix Inc (NASDAQ:ZGNX).
On the short side, stocks included Amedisys, Inc. (AMED), Cavium Inc (NASDAQ:CAVM), Finisar Corporation (NASDAQ:FNSR), Hawaiian Holdings Inc (NASDAQ:HA), Hasbro, Inc. (NASDAQ:HAS), Hill-Rom Holdings Inc (NYSE:HRC), iart, iiin, md, Dave & Buster’s Entertainment (NASDAQ:PLAY), TrueCar, Inc. (TRUE), and Westinghouse Air Brake Technologies (NYSE:WAB).