- Achillion Pharmaceuticals , Inc. (NASDAQ:ACHN) has an awfully strong pattern with a left shoulder-head-right shoulder, neckline breakaway, and to the declining topline and moving average. It had a strong move from 2.40 to 5.00, a 2-3 week consolidation, and then on Wednesday it popped to resistance, looked like it was going to get through, and then back off, gaining just 7 cents, or 1.49%, to 4.76, on 2 million shares. The target going forward is 5 1/2-6.
- Akari Therapeutics, Plc. (NASDAQ:AKTX) exploded 1.12, or 62.22%, to 2.02, on 3.5 million shares on Wednesday and closed at the upper end of the range. That’s a big move for this stock. Now, let’s see if there’s a follow-through. If there is, I’m looking for something around 4 and 5 1/4 going forward.
- Deciphera Pharmaceuticals , LLC (NASDAQ:DCPH)), which I put a swing on after the big pop, then it pulled back, and held support. It had an up day on Wednesday, which a lousy day for the market, and popped 1.97, or 5.5%, to 37.87, on 3.1 million shares. It looks like it wants to go higher.
- Arcadia Biosciences , Inc. (Arcadia Biosciences Inc (NASDAQ:RKDA)), one of our swings, is looking great. I put a swing on it on Tuesday when it pulled back, and then it exploded on Wednesday, jumping 96 cents, or 16%, to 7.05, on 10.6 million shares. It has to get through the triple top at the 7.30-.35 range. If it does that, you may see 10 very quickly.
On the long side, stocks included S&P 500, Nasdaq 100, DJ-20, iShares Russell 2000 ETF (NYSE:IWM), Achillion Pharmaceuticals, Inc. (ACHN), Akari Therapeutics, Plc (AKTX), Deciphera Pharmaceuticals, Inc. (DCPH), Direxion Daily Financial Bear 3X Shares (FAZ), G1 Therapeutics, Inc. (NASDAQ:GTHX), Novavax, Inc. (NVAX), Arcadia Biosciences, Inc. (RKDA), ProShares UltraPro Short QQQ (SQQQ), VelocityShares Daily 2x VIX ST ETN (TVIX), Direxion Daily Small Cap Bear 3X ETF (TZA), ProShares Ultra VIX Short-Term Futures (NYSE:UVXY) and Xunlei Limited (NASDAQ:XNET).