It was another down day, or mixed session, for the market on Tuesday. A lot of stocks were weak, but there was some positive strength. We’ll take a look at some of them.
8x8 Inc. (O:EGHT) was up 12 cents to 11.15, or 1%, on 303,000 shares traded, and consolidating wonderfully on Tuesday. It’s coming up on a rising wedge, and looks like it wants to go higher. The long-term chart shows this to be a 30-dollar stock. Targets are 15, if it takes out the 12 1/2 range.
Neogenomics Inc. (O:NEO) is acting great. On Tuesday, it was in a very tiny range, with very tiny volume and underlying technicals. The 4-wave move looks like it will make its fifth and final move up to 9 1/2. That is the target for NEO.
Weight Watchers International, Inc. (N:WTW) had a pullback day, but it’s acting well. The pullback was on lower volume, good technicals. It looks like it’s setting up a little flag. It’s headed to 29-30. It has 15 days to cover.
ZIOPHARM Oncology, Inc. (O:ZIOP) broke through multiple tops on Tuesday, up 59 cents to 14.57, or 4.2%, on 4 million shares. OBV is at the high for the year. It looks like an 18, and then 24-dollar stock.
Other stocks on the long side included Alarm.com Holdings, Inc. (O:ALRM), Axovant Sciences Ltd. (N:AXON), Bellicum Pharmaceuticals, Inc. (O:BLCM), Intra-Cellular Therapies, Inc. (O:ITCI), Kite Pharma, Inc. (O:KITE), Neogenomics Inc. (NEO), Omega Protein Corporation (N:OME), Rackspace Hosting, Inc. (N:RAX), Revance Therapeutics, Inc. (O:RVNC), TETRA Technologies, Inc. (N:TTI), and Intrexon Corporation (N:XON).