First Solar (FSLR)
First Solar (NASDAQ:FSLR) broke out of a 6-week base pattern on Tuesday and jumped 2.38, or 4%, to 65.82, on 1.15 million shares. The entire solar group looks like it’s going to go higher. FSLR looks like it’s headed to 69-70, then take out 75, and make it to 80.
Health Insurance Innovations (HIIQ)
Health Insurance Innovations Inc (NASDAQ:HIIQ) popped and I put a swing on it. On Tuesday, it ran 1.14, or 6%, to 20.91, on 869,749 shares traded. It’s in a 5-wave decline, broke out, pulled back, and it’s above the 50-day, double-top, and declining tops line. I’m looking for 25, 28, and 34 going forward.
Snap (SNAP)
Snap (NYSE:SNAP) may have broken out. It took out the declining topsline and lateral price resistance. On Tuesday, it was up 1.07, or 7% to 16.83, on 40 million shares. If it can get up through 17.20, then we should see something around 18 1/2, and perhaps something higher down the road.
SunPower Corporation (SPWR)
SunPower (NASDAQ:SPWR) exploded 1.56, or 12%, to 14.50, on 7.3 million shares on Tuesday. I would estimate midchannel target 16, and then 20 going forward.
TerraForm Power (TERP): Swing Trade
TerraForm Power (NASDAQ:TERP) broke out of a four-week flag on Tuesday, and popped 68 cents, or 4%, to 17.58, on 945,325 shares traded. It looks like it’s going higher. It’s a really nice pattern since the Dec lows at 10, and change. Now, it’s above 17 1/2. Targeting 18 1/2 and 20.
Stocks on the long side
Avadel Pharmaceuticals (AVDL), Enphase Energy, Inc. (ENPH), First Solar, Inc. (NASDAQ:FSLR), Health Insurance Innovations, Inc. (HIIQ), HUYA Inc. (HUYA), Pier 1 Imports, Inc. (PIR), SolarEdge Technologies, Inc. (SEDG), Snap Inc . (NYSE:SNAP), SunPower Corporation (SPWR), StoneCo Ltd. (STNE), TerraForm Power, Inc. (TERP), and TherapeuticsMD, Inc. (TXMD).