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Oil Stocks On The Upside. Watch: OCUL, RDCM, XON

Published 03/08/2016, 12:41 AM
Updated 07/09/2023, 06:31 AM

It was an interesting day on Wall Street as many of the oil and gold stocks were volatile, especially the oil stocks on the upside.

Ocular Therapeutix Inc (NASDAQ:OCUL) recovered nicely after the falling wedge, up 87 cents on Monday to 9.58, or 4.1 million shares. After it consolidated, it popped. It has 10.4 days to cover. Targets are 11, and then 14.

Radcom Ltd (NASDAQ:RDCM) is a new swing trade of ours, up 94 cents to 14.41, or 7%, on 235,200 on Monday. It has four waves up, and the fifth wave in under way. Look for more upside. Targets are 12, and then maybe 20.

Intrexon Corpn (NYSE:XON) looks terrific, up another 1.87 to 38.90, or 5%, on 2.6 million shares. The gut feeling is that it may pull back in the 39-40 zone to get it back down to the 34-5 zone. If that occurs, look for it to run to 50 plus.

Other stocks on the long side included Encana Corporation (NYSE:ECA), Direxion Daily Energy Bull 3X Shares (NYSE:ERX), Unit Corporation (NYSE:UNT), United States Oil (NYSE:USO), Whiting Petroleum Corporation (NYSE:WLL), United States Steel Corporation (NYSE:X), Carbo Ceramics Inc (NYSE:CRR), Editas Medicine Inc. (EDIT), Energy Recovery Inc (NASDAQ:ERII), Amicus Therapeutics Inc (NASDAQ:FOLD), Direxion Daily S&P Biotech Bull 3X Shares (NYSE:LABU), Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT), InVivo Therapeutics Holdings (NASDAQ:NVIV), Ocular Therapeutix, Inc. (OCUL), Radcom Ltd. (RDCM), Supernus Pharmaceuticals Inc (NASDAQ:SUPN), Tronox Limited (NYSE:TROX), and Intrexon Corporation (XON).

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