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Stocks To Watch: 6 Big Movers With Upside

Published 06/02/2020, 12:36 AM
Updated 07/09/2023, 06:31 AM

1. First Majestic Silver Corp. (NYSE:AG) is really performing well, along with Pan American Silver Corp. (NASDAQ:PAAS). These are my two favorite airline stocks. On Monday, AG was up 72 cents, or 7%, to $10.73, with a session high of $10.86, on 9.6 million shares traded, and another 12 cents to $10.86 in after-hours. I’m looking for higher levels here. If silver can do what I think it might, we’re looking at $12.75 and $14 for AG.

2. Dynavax Technologies Corp. (NASDAQ:DVAX) exploded on Friday, coming out of a falling wedge, and had a nice follow-through on Monday, jumping $1.80, or 29.4%, to $7.92, with a session high of $8.12, on 34 million shares traded. I don’t think this is done. This pattern, and where resistance is, I think the next target will be a test of $10.

3. Myovant Sciences Ltd. (NYSE:MYOV) made quite a move on Monday, and exploded $4.68, or 38.2%, to $16.93, with a midday session high of $19.00, on 18.6 million shares traded, to rally 59 cents to $17.52 in after-hours. That’s the biggest volume in six months. It’s up against resistance from the November high. If it gets through here, you’re probably looking at mid-$20’s next.

4. O-I Glass, Inc. (NYSE:OI), one of our swing trades, popped on Monday, and rose $1.17, or 15%, to $8.83, with a session high of $8.93, on 3.5 million shares traded. It’s at resistance. I think it’s going to run up to $10-10.50, maybe $11.

5. United Natural Foods, Inc. (NYSE:UNFI) is four waves up, the fifth wave starting with a nice move up on Monday of $1.75, or 9%, to $21.35, after reaching a midday session high of $22.22, on 3.1 million shares traded, and a pop of 71 cents to $21.92 in after-hours. Targets are $28 and $33.

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6. Slack Technologies, Inc. (NYSE:WORK) was up $2.13, or 6%, to $37.18, on Monday, with a session high of $37.34, on 18 million shares traded. It then hit the target of $38 in after-hours with a move up of 94 cents to $38.12. Next targets have increased to $40, and then $44-45.

Stocks on the long side included Adaptimmune Therapeutics plc (NASDAQ:ADAP), First Majestic Silver Corp. (NYSE:AG), Agenus Inc. (NASDAQ:AGEN), Amyris, Inc. (NASDAQ:AMRS), Apache Corporation (NYSE:APA), Ballard Power Systems Inc. (NASDAQ:BLDP), Avis Budget Group, Inc. (NASDAQ:CAR), Cloudera, Inc. (NYSE:CLDR), DraftKings Inc. (NASDAQ:DKNG), Dynavax Technologies Corporation (DVAX), Kala Pharmaceuticals, Inc. (NASDAQ:KALA), Maxar Technologies Inc. (NYSE:MAXR), MEI Pharma, Inc. (NASDAQ:MEIP), Myovant Sciences Ltd (NYSE:MYOV), Nautilus Group Inc (NYSE:NLS), Intellia Therapeutics, Inc. (NASDAQ:NTLA), Novavax, Inc. (NASDAQ:NVAX), O-I Glass, Inc. (NYSE:OI) , Pan American Silver Corp (NASDAQ:PAAS), Peloton Interactive, Inc. (NASDAQ:PTON), Retractable Technologies Inc (NYSE:RVP), Trillium Therapeutics Inc. (NASDAQ:TRIL), United Natural Foods Inc (NYSE:UNFI), VectoIQ Acquisition Corp (NASDAQ:VTIQ), Slack Technologies Inc (NYSE:WORK), Wrap Technologies, Inc. (NASDAQ:WRTC), and Zoom Video Communications Inc (NASDAQ:ZM).

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