EXACT Sciences Corporation (NASDAQ:EXAS) popped out of a wedge on Wednesday on a big breakaway gap, jumping 3.82, or 11.7%, to 36.47, on 9.9 million shares traded. It is looking really good at this point. I am giving you a target in the 41-2 zone. It has 6.4 days to cover .
Teladoc Inc (NYSE:TDOC) is doing great, up another 1.00, or 3.38%, to 30.60, on 718,361 shares traded on Wednesday. I like the way it’s acting. If it gets out of the wedge, it could run to my next target at 34-5, or higher.
Stocks on the Short Side
Signet Jewelers Ltd (NYSE:SIG) finally got to the bottom of the channel on Wednesday, dropping another 22 cents to 48.10, on 4 million shares traded, but reached down to as low as 46.00. I don’t know if it will be able to set up another bear wedge, or coil, but my target is 36-7.
Ubiquiti Networks Inc (NASDAQ:UBNT) rolled over, formed a wedge, dropped down to support, filled the gap, and snapped back only to roll over again to support, dropping 33 cents to 47.16, on 317,507 shares traded. If it breaks support here and rolls over again, it may really roll. I’m looking for 41 and 37 as the next targets.
Stocks on the long side included Asure Software Inc (NASDAQ:ASUR), Callidus Software Inc (NASDAQ:CALD), Cymabay Therapeu (NASDAQ:CBAY), Majesco Entertainment Company (COOL), Control4 Co (NASDAQ:CTRL), EXACT Sciences Corporation (NASDAQ:EXAS), Melco Resorts & Entertainment Ltd (NASDAQ:MLCO), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), Teladoc Inc (NYSE:TDOC), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), and Boingo Wireless Inc (NASDAQ:WIFI).
On the short side, stocks included Allegiant Travel Company (NASDAQ:ALGT), Cardtronics Inc (NASDAQ:CATM), Dillard's Inc (NYSE:DDS), DineEquity Inc (NYSE:DIN), Dick’s Sporting Goods Inc (NYSE:DKS), Express Scripts Holding Co (NASDAQ:ESRX), Foot Locker, Inc. (NYSE:FL), Fossil Group Inc (NASDAQ:FOSL), Genesco Inc (NYSE:GCO), Inphi Corporation (NYSE:IPHI), PCM Inc (NASDAQ:PCMI), Radian Group Inc (NYSE:RDN), Signet Jewelers Ltd (NYSE:SIG), Target Corporation (NYSE:TGT), Ubiquiti Networks Inc (NASDAQ:UBNT), United Rentals Inc (NYSE:URI), Wave Life Sciences Ltd (NASDAQ:WVE), Cimarex Energy Co. (NYSE:XEC), and Yelp Inc (NYSE:YELP).