The markets had an interesting day on Tuesday, sharply lower at the opening, came back, and closed mixed. There were a lot of individual stocks that did well. Let’s take a look at a few of those.
Globant (N:GLOB) came out of a little flag on Tuesday, and popped 82 cents to 36.99, or 2.2%, on 180,00 shares traded. It has 8.8 days to cover. I think that’s going to fuel the fire. Targets are 43-44.
Oramed Pharmaceuticals Inc. (O:ORMP), after the explosive move a week and a half ago, came down to test the trend line, 10-day moving average, and lateral price support, and then spiked back up on Tuesday 1.04 to 9.44, or 12%, on 400,700 shares traded. It has 11.4 days to cover. If it can get to 11 very quickly, the target will be upwards to 15, so keep an eye on this one.
TherapeuticsMD, Inc. (N:TXMD), on very positive drug news, made a monster move on Tuesday, up 2.53 to 9.06, or 39%, on 25 million shares. That’s the all-time record volume for one day. It broke out across a massive, triple top, and at this point, the lateral channel shows 11 short term, and may very well get up into the 13 range.
Vital Therapies, Inc. (O:VTL) popped 84 cents to 10.45, or 8.7%, on 508,500 shares traded on Tuesday. That’s the biggest volume in a week and a half. With the pattern looking like it is, and then a flag, I put a swing on it. It did breakout and close at the upper end of the range. With the OBV looking the way it is, look for it to fill the gap, and run up to the 13 zone, and eventually the 15-16 zone.
Other stocks on the long side include Berry Plastics Group, Inc. (N:BERY), Boston Scientific Corporation (N:BSX), Century Casinos Inc. (O:CNTY), Cytokinetics, Incorporated (O:CYTK), e-Future Information Technology Inc. (O:EFUT), Eagle Pharmaceuticals Inc. (O:EGRX), Intra-Cellular Therapies, Inc. (O:ITCI), RingCentral, Inc. (N:RNG), Vuzix Corporation (O:VUZI), ZAGG Inc (O:ZAGG).