Junior semiconductor Enphase Energy, Inc. (NASDAQ:ENPH) is ramping it up and holding very well, consolidated on the 50-day and the trendline, broke out, formed a rising flag, and on Wednesday, popped 38 cents, or 6.5%, to 6.23, 3.7 million shares. This, to me, looks like a 7 1/2 and 9-dollar stock going forward.
Exact Sciences Corporation (NASDAQ:EXAS) had big news on Wednesday, and exploded 5.86, or 11%, to 58.58, on 6.2 million shares with a triple top and a wedge to get up to resistance near the 60 range. Wednesday’s high was 59.77 and resistance is at 59.97. If it gets through that, it has a solid shot of testing the high from back in November when it tagged 63 1/2, and then you’re looking at low-to-mid 70’s.
Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) is poised to pop and broke out of a big basing pattern in early May. On Wednesday, it jumped 1.30, or 2.32%, to 57.35, on 444,126 shares traded, and is now wedging. Targets going forward are 65 and 73.
Xencor, Inc. (NASDAQ:XNCR), a swing trade of ours, was up 1.56, or 4.26%, to 38.14, on 255,126 shares traded on Wednesday. With a long base, a breakout and falling wedge as well, it took a run-up, going from 27 1/2 to 40, nearly a 13-point run. It’s 3 waves up, and I wouldn’t be shocked to see 48 and mid 50’s.
Stocks on the long side included Applied Optoelectronics, Inc. (NASDAQ:AAOI), Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR), Amtech Systems, Inc. (NASDAQ:ASYS), Attunity Ltd. (NASDAQ:ATTU), Bilibili Inc. (NYSE:BILI), Baozun Inc. (NASDAQ:BZUN), Cerus Corporation (NASDAQ:CERS), Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX), Dick's Sporting Goods, Inc. (NYSE:DKS), Enphase Energy, Inc. (NASDAQ:ENPH), Exact Sciences Corporation (NASDAQ:EXAS), Foundation Medicine, Inc. (NASDAQ:FMI), Amicus Therapeutics, Inc. (NASDAQ:FOLD), HUYA Inc. (NYSE:HUYA), iQIYI, Inc. (NASDAQ:IQ), Iridium Communications Inc. (NASDAQ:IRDM), REGENXBIO Inc. (NASDAQ:RGNX), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), TapImmune, Inc. (NASDAQ:TPIV), Upland Software, Inc. (NASDAQ:UPLD), USA Technologies, Inc. (NASDAQ:USAT), and Xencor, Inc. (NASDAQ:XNCR).