Swing trade Lantheus Holdings Inc (NASDAQ:LNTH) popped a coil, and we put a swing on it. It went right up to resistance and pulled back in an orderly falling wedge. In the last three days it’s been up in a lousy market, and on Wednesday, it bounced 45 cents, or 5%, to 9.50, on 908,848 shares traded. If this stock gets up to 10.30, I’m looking at 13.00, maybe higher as the next target. This is a great-looking chart.
TESARO Inc (NASDAQ:TSRO) is unbelievable. It was up another 2.21, or 2%, to 123.35, on 1 million shares traded on Wednesday, reaching a new time all high at 124.32. I can see this stock making it to the 140-50 range very quickly. It has 6.4 days to cover .
Stocks on the Short Side…..
Luxoft Holding (NYSE:LXFT) has finally broken it’s multi-month wedge, down on Wednesday another 1.65, or 3%, to 50.35, on 220,721 shares traded. It looks like it’s 4 waves down, and wave 5 would take it to the mid 30’s, taking it from the initial move at 43-45 zone, and then maybe 36-7.
Texas Roadhouse Inc (NASDAQ:TXRH) dropped 97 cents, or 2.4%, to 39.49, on 1.7 million shares traded. It’s four waves down, formed a bear flag, and looks like it’s going to keep on going. Target is 34.
Stocks on the long side included Amkor Technology Inc (NASDAQ:AMKR), AveXis Inc (NASDAQ:AVXS), Cameco Corp (NYSE:CCJ) Criteo Sa (NASDAQ:CRTO), VelocityShares 3x Inverse Natural Gas linked to S&P GSCI Natural Gas Excess Return (NYSE:DGAZ), Direxion Daily Gold Miners Bear 3X ETF (NYSE:DUST), Direxion Daily Junior Gold Miners Bear 3X Shares (NYSE:JDST), Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT), VelocityShares 3x Inverse Crude linked to S&P GSCI Crude Oil Excess Return (NYSE:DWTI), Direxion Daily S&P Biotech Bear 3X Shares (NYSE:LABD), Lantheus Holdings Inc (NASDAQ:LNTH), Shopify Inc (NYSE:SHOP), Skyline Medical Inc (NASDAQ:SKLN), sq, TESARO Inc (NASDAQ:TSRO), Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA), ProShares Ultra VIX Short-Term Futures (NYSE:UVXY), and Zillow Group Inc (NASDAQ:Z).
On the short side, stocks included Alliance Data Systems Corporation (NYSE:ADS), Air Methods Corporation (NASDAQ:AIRM), Acuity Brands Inc (NYSE:AYI), DexCom Inc (NASDAQ:DXCM), Honeywell International Inc. (NYSE:HON), L Brands, Inc. (NYSE:LB), Luxoft Holding (NYSE:LXFT), MercadoLibre Inc (NASDAQ:MELI), Molina Healthcare Inc (NYSE:MOH), Natural Health Trend (NASDAQ:NHTC), Universal Display Corp. (OLED), Signet Jewelers Limited (SIG), Splunk, Inc. (SPLK), Atlassian Corp Plc (NASDAQ:TEAM), Texas Roadhouse Inc (NASDAQ:TXRH), Veeva Sys Inc (NYSE:VEEV), and WebMD Health Corp (NASDAQ:WBMD).