It was a pretty crummy day on Wall Street on Thursday, although a lot of stocks we follow did well. We’re going to take a look at both longs and shorts here.
Pacific Biosciences of California (O:PACB) is making a move, up 65 cents to 10.77, or 6.4%, on 2 million shares on Thursday. The swing trade is acting well again. It had a beautiful swing on it, it consolidated, and on Thursday it may have started to move. Watch this stock on Friday. If it gets through the 10.95-11.00 area, it could head up to the 12-13 zone. That’s the target.
Rewalk Robotics Ltd (O:RWLK) had the biggest day of its history on Thursday. It opened at 7.82, ran up to 13.59, before backing off and closing at 11.00, still up 5.00, or 83%, on a whopping 7 million shares, with 12 days to cover. It may very well follow through and take it up to 14-15.
Stocks on the Short Side…
Buffalo Wild Wings Inc (O:BWLD) got crushed a month and a half ago, formed a big bear wedge, and looks like it might collapse. On Thursday it was down another 2.80 to 156.85. If it takes out 156.00 on Friday, then it could have a rapid drop down at least 10 points.
Papa JohnS International Inc (O:PZZA) is finally breaking after the big hit last week. A wedge formed, a swing was put on it, and it looks like it’s coming fruition. On Thursday it dropped 1.21 to 56.34. If it gets below 53.00, the next target is 49-50.
Other stocks on the long side include Advaxis Inc (O:ADXS), American Superconductor Corporation (O:AMSC), Eldorado Resorts LLC (O:ERI), Second Sight Medical Products (O:EYES), Globant SA (N:GLOB), Kandi Technologies Group Inc (O:KNDI), ProShares UltraShort Bloomberg Crude Oil (N:SCO), and SolarCity Corporation (O:SCTY).
Stocks on the short side include CEB Inc (N:CEB), Criteo Sa (O:CRTO), CVS Health Corporation (N:CVS), Harman International Industries (N:HAR), Incorporated (N:HAR), Qualys Inc (O:QLYS), Red Robin Gourmet Burgers Inc (O:RRGB), and Williams-Sonoma Inc (N:WSM).