It’s getting near Christmas, and the markets continue to push forward. The Dow reached up to new highs on Tuesday, while the Nasdaq 100 biotechs got whacked and saw what was probably one of their worst days in a long time, if not the worst day. That of course, brought the Nasdaq 100 down, and some of the ones we follow did not do well today. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) had a bad day Monday, and a negative follow-through on Tuesday. It had a pre-market high of over 25.80 on Monday, and went all the way down to 11.41 on Tuesday. That’s really amazing. For now, let’s look at some stocks that did well on Tuesday.
Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) has been going absolutely crazy. Since President Obama announced diplomatic relations with Cuba, this stock has gone from 7.00 a few days ago to almost 15.00 on Tuesday. That’s more than 100% in a week. I don’t want you getting hardwired with this one, so keep an eye on Tuesday’s low at 12 1/4, because beneath that is reversal. It closed at the 14.00 level, so it may take a run to 15, and even as high as 16-17-18, but be very careful.
GoPro, Inc. (NASDAQ:GPRO) had a reversal of late. It was down two days in a row, and then back up on Tuesday. It went through the declining topsline, but there’s lateral resistance and moving averages up there. It’s going to have to make a move above the 64 1/2 area to prevent a reverse. The target is set at 70-72, but a reversal will take out the low at 53 1/2 where it could be very dangerous.
XPO Logistics, Inc. (NYSE:XPO) did well on Tuesday, up 1.62, or 4%, on 827,700 shares traded. Looking at the chart, you can see a V bottom, and the extension, or what we call a right handed platform that was broken out. Look for it to get up to 47, which is the next target.
Zayo Group Holdings, Inc. (NYSE:ZAYO), a recent IPO, is doing great. After the wedge was broken, it had five days in a row up, and on Tuesday it increased another 1.46, or 5%, on 308,200 shares traded. It's headed up to the IPO high at 31.20. If it gets through there, then you could see a quick run up to the next target at 34.00.
Other stocks on Harry’s Charts of the Day are CryoLife Inc. (NYSE:CRY), Cytokinetics, Incorporated (NASDAQ:CYTK), FireEye, Inc. (NASDAQ:FEYE), Halyard Health, Inc. (NYSE:HYH), Oasis Petroleum Inc. (NYSE:OAS), RadNet, Inc. (NASDAQ:RDNT), SunEdison, Inc. (NYSE:SUNE), TubeMogul, Inc. (NASDAQ:TUBE), Unisys Corporation (NYSE:UIS), and Vanda Pharmaceuticals, Inc. (NASDAQ:VNDA)).