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🚨 NDVA surged 43%. This AI Chipmaker Could Be Next See Analysis
Stocks To Watch: Long And Short Opportunities
www.investing.com/analysis/stocks-to-watch:-long-and-short-opportunities-229984
Stocks To Watch: Long And Short Opportunities
By Harry Boxer | Oct 23, 2014 01:34AM ET It was turnaround Wednesday as the markets on an early extension got wracked and closed at the lows for the day going away. It was not a surprise for us at the TheTechTrader. We traded the ProShares Ultra VIX Short-Term Fut ETF (ARCA:UVXY), so we did have some longs on Wednesday. We're going to go over both longs and shorts here.
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) popped to 76.98, before backing off and closing at 73.83 on Wednesday, up 92 cents, or 1.26%, on nearly a million shares. It wasn’t a great close, but you can see that as a new all-time high, it appears. Post IPO all-time high. I’m still looking for some more upside. If the market cooperates, this stock could get up to 90. The first target is 80, and then 88-90. It needs strong momentum.
Natus Medical Inc. (NASDAQ:BABY) is a stock we traded back in Oct 2013 when it broke out, consolidated, had a nice swing trade put on it that worked, consolidated for six months, popped, consolidated for a couple more months, broke out, pulled back, and was a little choppy, but on Wednesday, it popped 55 cents, or 1.7%, on 865,000. That’s the biggest volume since Jan. It got up to 33.20, which is a new all-time high.
BioFuel Energy Corp. (BioFuel Energy Corp (NASDAQ:BIOF)) has been working well for us. You can see the snapback from my recommendation down in the 5 3/4 range. It had a target of 8.00 on Tuesday, which it hit and backed off, and on Wednesday, it had a nice inside day. Even though the volume was low it was an up-day, up 34 cents, or 4.6%, on 559,000 shares traded. It may be pausing in here. Hopefully, the better it looks in terms of hard pauses. The next target is 9.00.
Regulus Therapeutics Inc. (NASDAQ:RGLS) had a spectacular day on Wednesday on strong hepatitis-C drug news. This stock exploded, almost 200% at one point, from the 6.00, and change, level, which is where it closed on Tuesday, to as high as 18.33 on Wednesday pre-market, and then it pulled back to as low as 11.13. However, it closed at 13.75, up 6.98, or 103%, on 20 million shares. If it can get back above 15-15.20, I think this stock will be an 18-19 dollar stock. So keep an eye on this one.
Other on Harry’s Charts of the Day are Infinity Pharmaceuticals, Inc. (NASDAQ:INFI), Image Sensing Systems, Inc. (NASDAQ:ISNS), NewLink Genetics Corporation (NASDAQ:NLNK), RadNet, Inc. (NASDAQ:RDNT), Super Micro Computer, Inc. (NASDAQ:SMCI), and Unisys Corporation (NYSE:UIS).
Stocks on the short side included Arctic Cat Inc. (NASDAQ:ACAT), Core Laboratories NV (NYSE:CLB), Hi-Crush Partners LP (NYSE:HCLP), Hornbeck Offshore Services, Inc. (NYSE:HOS), Nu Skin Enterprises Inc. (NYSE:NUS), Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), Tupperware Brands Corporation (NYSE:TUP), and Waddell & Reed Financial, Inc. (NYSE:WDR).
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