The stock market had a difficult session to start out the day, but it came back nicely only to roll back again at the end of the day, finishing in the red. Some of the stocks we follow did okay and some did very well. Let’s take a look at them.
Ebix Inc. (NASDAQ:EBIX), a stock I regretted not putting a swing trade on a few days ago, had an inside day on Monday, and on Tuesday, it ran 1.53 to 32.74, or 5 1/4%, on nearly 700,000 shares traded. That’s the best volume in about 5 weeks. It looks like it broke out across the March high, and the target now has to be 38. Watch for this one to extend and go.
Esperion (NASDAQ:ESPR) had a nice day on Tuesday, up 1.30 to 105.60, or 1.25%, on nearly a half-million shares traded. It has a very long, beautiful coil, but now it’s time to see a break out. A swing was issued, which may be a little participatory. If it takes out that coil, look for it to get to 115-ish, and then make a potential move mid-range to around 135.00.
Exelixis Inc. (NASDAQ:EXEL) had a really nice session, up 28 cents, or 8.24%, on 5.4 million shares. It went from 3.35 to 3.76, pulled back to 3.26, and closed at 3.68. It did break out after popping and pulling back. This should be a swing trade. The target is going to be close to 5.00.
Opko Health Inc. (NYSE:OPK) surged on Tuesday. If it does what I think it can, look at the long, sharp up-move, then a 3-month, coiling consolidation, and on Tuesday it spike 51 cents to 14.81, or 3.6%, on 3.5 million shares. That’s the biggest volume on an up-day in about a month and a half. This stock could get going. Watch the 15-15 1/4 range. If it gets through that it will fly to 17 1/2 midrange, and then all the way up to 21-22.
Other stocks on Harry’s Charts of the Day included Agenus Inc (NASDAQ:AGEN), A10 Network (NYSE:ATEN), Cheetah Mobile Inc (NYSE:CMCM), Chanticleer Holdings Inc (NASDAQ:HOTR), Inphi Corporation (NYSE:IPHI), Natural Health Trend (NASDAQ:NHTC), Oasis Petroleum Inc (NYSE:OAS), Ocean Rig UDW Inc (NASDAQ:ORIG), SciClone Pharmaceuticals Inc (NASDAQ:SCLN), Sigma Designs Inc (NASDAQ:SIGM), Steel Dynamics Inc (NASDAQ:STLD) and TASER International Inc (NASDAQ:TASR).