It’s a very tough market out there, especially for the low-priced and biotech stocks. They’re really getting hurt. They tried rallying on Tuesday, but backed off near the close. Perhaps they reached their low on Tuesday, but there’s no way to know yet. However, a lot of stocks we follow still did well on Tuesday. Let’s take a look at some of those.
Halozyme Therapeutics, Inc. (NASDAQ:HALO) is one of our swing trades that is acting great, up 56 cents to 20.65, or 2.8%, on 2.1 million shares. With the recent increase in volume, this stock has gone up seven days in a row, eleven out of the last thirteen, and has been very strong of late. It’s nearing the top of the channel, so it may get a pullback, but it’s new, all-time territory here. The long-term channel is saying that this is a 30-dollar stock.
MOBILEYE N.V. (NYSE:MBLY) had a very nice day on Tuesday, up 2.31 to 48.02, or 5%, on 5.2 million shares. That breaks it out of the declining topsline, and out of a consolidation. It formed a channel flag. The 50-day moving average and the trendline are on support. Look for it to take out 48 3/4, and if it gets through that, look for it to run up to 50, and then 53 going forward.
Sigma Designs, Inc. (NASDAQ:SIGM) was up 20 cents to 8.94, or 2.3%, on 642,500 shares traded on Tuesday. It broke out on a good earnings report in after hours and ran up to 9.65. A breakout above this resistance level and it may be on its way to mid-channel up around 10 1/2-11. The secondary target it at 12 1/2-3/4.
TASER International Inc. (NASDAQ:TASR) was up 71 cents to 33.59, or 2%, on 3 million shares on Tuesday. More importantly, it broke out on Tuesday across lateral resistance, and has taken out the moving averages. All that’s left is a run up to 35. That may come quickly. The long-term chart shows resistance at 42, and then all the way up to the high 40’s.
Other stocks on Harry’s Charts of the Day included Amedisys Inc. (NASDAQ:AMED), BSQUARE Corp. (NASDAQ:BSQR), BSKX, Isle of Capri Casinos, Inc. (NASDAQ:ISLE), MaxLinear, Inc. (NYSE:MXL), Ignyta, Inc. (NASDAQ:RXDX), Origin Agritech Limited (NASDAQ:SEED), and Net 1 Ueps Technologies Inc. (NASDAQ:UEPS).