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4 Stocks To Watch: IMMU, WTI, ALNY, SNHY

Published 05/01/2018, 12:07 AM
Updated 07/09/2023, 06:31 AM

Immunomedics, Inc. (NASDAQ:IMMU) is looking great. It was up another 1.33, or 7.88%, to 18.21, on 4.6 million shares on Monday. If you will take a look at the consolidation for the last three or four months, you’ll see that it could be setting up for a big move to the mid 20’s. My swing target is 25.

W&T Offshore, Inc. (NYSE:WTI) was up 21 cents, or 4%, to 6.10, on 2.55 million shares on Monday and is looking great. It's in the fifth wave up. I think it will extend to 7-7 1/2. It has good momentum, nice OBV . Keep an eye on this one going forward.

Stocks on the Short Side….

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) is still in a bear flag, but came down on Monday 2.10, or 2%, to 94.53, on nearly 500,000 shares traded. It looks like it wants to fall. If it takes out the double bottom near the 93 range, it could start the decline. If it gets through that zone, I have a target in the low 70’s.

Sun Hydraulics Corporation (NASDAQ:SNHY) is rolling over and taking out support. On Monday, it was down another 79 cents, or 1.6%, to 48.57, on 110,323 shares traded. It has been down nine days in a row. This Boxer Shorts swing trade looks good for more downside. Immediately to support at 45, and then 40-41.

Stocks on the long side included Achaogen, Inc. (NASDAQ:AKAO), General Cannabis Corp (OTC:CANN), Check-Cap Ltd. (NASDAQ:CHEK), California Resources Corporation (NYSE:CRC), Dova Pharmaceuticals, Inc. (NASDAQ:DOVA), First Data Corporation (NYSE:FDC), Five9, Inc. (NASDAQ:FIVN), Turtle Beach Corporation (NASDAQ:HEAR), HTG Molecular Diagnostics, Inc. (NASDAQ:HTGM), Immunomedics, Inc. (NASDAQ:IMMU), Legacy Reserves LP (NASDAQ:LGCY), Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS), Stitch Fix, Inc. (NASDAQ:SFIX), Spotify Technology S.A. (NYSE:SPOT), Canopy Growth Corporation (OTC:TWMJF), Vericel Corporation (NASDAQ:VCEL), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), W&T Offshore, Inc. (WTI), 58.com Inc. (NYSE:WUBA).

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On the short side, stocks included Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY), American Woodmark Corporation (NASDAQ:AMWD), Belden Inc. (NYSE:BDC), Ebix, Inc. (NASDAQ:EBIX), Essent Group Ltd. (NYSE:ESNT), Mazor Robotics Ltd. (NASDAQ:MZOR), Radian Group Inc. (NYSE:RDN), Sanderson Farms, Inc. (NASDAQ:SAFM), Signet Jewelers Limited (NYSE:SIG), Sun Hydraulics Corporation (NASDAQ:SNHY), LendingTree, Inc. (NASDAQ:TREE), and Wayfair Inc. (NYSE:W).

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