The stock market keeps pushing. I don’t know how long they are going to keep this up, but, until they break the trend, the trend is your friend, and they are still moving higher. We’re going to go over some longs here. The charts may be a little longer than usual, because I want to make up for the weekend when I wasn’t able to cover a lot of the stocks.
Gogo Inc. (NASDAQ:GOGO) is one stock I want to show you because of the big reversal. On Monday, it went from 3.40 off the low, and closed a dime off the high at 18.40, up 1.76, or 10.6%, on 9.1 million shares. Quite a reversal day. A spike up right off the line at 15.72 and right through resistance. What I’m looking for is follow-through to test the 19 1/2-3/4. Once it gets through that, if it can, look for 22 1/2, and then 25. Those are my next targets.
Infinera Corporation (NASDAQ:INFN), one of our swing trades, is acting well. It popped, broke out, pulled back, and held support on Monday. The next target is a test of 16.45, and then 18.00.
Orexigen Therapeutics, Inc. (NASDAQ:OREX) had a huge day on Monday. It was up 1.28, or 33 1/4%, on 15.4 million shares. It closed pretty well, but about 20 cents off the high. Nevertheless, it was still a solid session, with big volume, especially breaking through the 50-day moving average and lateral resistance. So let’s see if it will extend. The next target is around 6 1/2.
Planar Systems Inc. (NASDAQ:PLNR) had a huge breakaway gap on Friday on earnings, and a nice follow-through on Monday, up 1.28, or 20%, on 5.2 million shares. Nowhere near what it had on Friday, but you wouldn’t expect that. I'm looking for it to extend to 8 3/4 short-term.
Other on Harry’s Charts of the Day are Ekso Bionics Holdings, Inc. (EKSO), FireEye, Inc. (FEYE), Gogo Inc. (GOGO), Green Brick Partners, Inc. (GRBK), Integrated Device Technology, Inc. (IDTI), Infinity Pharmaceuticals, Inc. (INFI), LightInTheBox Holding Co, NewLink Genetics Corporation (NLNK), Orexigen Therapeutics, Inc. (OREX), Progenics Pharmaceuticals, Inc. (PGNX), Plranar Systems Inc. (PLNR), Regulus Therapeutics Inc. (RGLS), Sierra Wireless Inc. (SWIR), TASER International Inc. (TASR), TG Therapeutics, Inc. (TGTX), TubeMogul, Inc. (TUBE), Unisys Corporation (UIS), Unisys Corporation (UIS), Unilife Corporation (UNIS), VASCO Data Security International (VDSI), Vimicro International Corp. (VIMC), Vipshop Holdings Limited (VIPS), Vitae Pharmaceuticals, Inc. (VTAE), Willdan Group, Inc. (WLDN), Yahoo! Inc. (YHOO), ZELTIQ Aesthetics, Inc. (ZLTQ).