It was a big day on Wall Street on Tuesday. A lot of stocks we follow did well, so let’s take a look at a few of them.
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO), which we’ve been looking at for the last few sessions, has broken out of its consolidation, formed a double top, and ran on Tuesday as high as 73.99, up 4.65 or 7%, on 872,000. That’s the best volume in four sessions. It looks like it’s on its way to test as high as 90.
Akorn, Inc. (NASDAQ:AKRX) had a nice breakout of a consolidation range and has been up three days in a row. On Tuesday, it was up 2.28, or 5.8%, on 3.2 million shares. Like the market itself, it got over extended. It may very well extend to 45, which is the next target on this stock.
Anacor Pharmaceuticals, Inc. (NASDAQ:ANAC), another biotech that is acting phenomenal, is at the highest level I’ve ever seen in this stock. It broke out across the trading range, and multiple tops on Monday, and followed through nicely on Tuesday, up 82 cents, or 3%. If there’s more upside, perhaps to 34-5.
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) has progressed well, and on Tuesday, it popped, getting as high as 12.36, right at resistance and backed off. It was up 11 cents, or .94%, on 3.9 million shares. Volume needs to be higher. At the bottom of all this is a bullish flag, and if it breaks out, I could see 18-19 on this stock at some point.
Other on Harry’s Charts of the Day are Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Ultra (NASDAQ:BIB), BioFuel Energy Corp. (NASDAQ:BIOF), Bitauto Holdings Limited (NYSE:BITA), Century Aluminum Co. (NASDAQ:CENX), Harley-Davidson, Inc. (NYSE:HOG), NewLink Genetics Corporation (NASDAQ:NLNK), Splunk, Inc. (NASDAQ:SPLK), SunEdison, Inc. (NYSE:SUNE), and VASCO Data Security International (NASDAQ:VDSI).