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4 Stocks To Watch: HTGM, WUBA, DQ, TREE

Published 09/27/2018, 12:17 AM
Updated 07/09/2023, 06:31 AM

HTG Molecular Diagnostics, Inc. (NASDAQ:HTGM), one of my favorite juniors, I think is starting to ramp. It’s four waves up and working on the fifth wave, popping 48 cents, or 10%, to 5.10, on 2.3 million shares on Wednesday. It should test 5 1/2-3/4 on Thursday. Ultimately, if it gets through this zone, look for it to run up to 7 1/2-8.00.

Swing trade 58.com Inc. (NYSE:WUBA) popped at resistance, pulled back to a right-handed extended V, created a new rising channel, and on Wednesday, it popped 2.46, or 3.35%, to 75.96, on 583,582 shares traded up near resistance at the high at 77.13. If it gets through here, I’m looking for 85.00.

Daqo New Energy Corp. (NYSE:DQ), swing trade, is working very nicely. On Wednesday it was down 1.11, or -4%, to 26.63, on 740,408 shares traded and met my target around 26.00, and reached as low as 25.75. Four percent is not a big drop, but it may accelerate downward. At some point, I wouldn’t be surprised to see this at 19.00.

LendingTree, Inc. (NASDAQ:TREE) has been a swing short since April when it was trading at 325.00. It dropped down to 205, 120 points, and then formed a big coil, and on Wednesday dropped 5.20, or -2.28%, to 223.05, on 134,767 shares traded. I have a feeling that this is not done yet. My target is 172-75.

Stocks on the long side included Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Acacia Communications, Inc. (NASDAQ:ACIA), Aldeyra Therapeutics, Inc. (NASDAQ:ALDX), Amarin Corporation plc (NASDAQ:AMRN), AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO), Bloom Energy Corporation (NYSE:BE), Canada Goose Holdings Inc. (NYSE:GOOS), HTG Molecular Diagnostics, Inc. (NASDAQ:HTGM), Mesoblast Limited (NASDAQ:MESO), Invitae Corporation (NYSE:NVTA), Oasmia Pharmaceutical AB (publ) (NASDAQ:OASM), Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), and 58.com Inc. (NYSE:WUBA).

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On the short side, stocks included argenx SE (NASDAQ:ARGX), AxoGen, Inc. (NASDAQ:AXGN), TopBuild Corp. (NYSE:BLD), Daqo New Energy Corp. (NYSE:DQ), IntriCon Corporation (NASDAQ:IIN), Instructure, Inc. (NYSE:INST), Nutanix, Inc. (NASDAQ:NTNX), Olin Corporation (NYSE:OLN), PetMed Express, Inc. (NASDAQ:PETS), SolarEdge Technologies, Inc. (NASDAQ:SEDG), SMART Global Holdings, Inc. (NASDAQ:SGH), Scientific Games Corporation (NASDAQ:SGMS), LendingTree, Inc. (NASDAQ:TREE), TechTarget, Inc. (NASDAQ:TTGT), Vicor Corporation (NASDAQ:VICR), and Wynn Resorts, Limited (NASDAQ:WYNN).

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