The markets had a really mixed session on Wednesday, but a lot of stocks we follow are still doing well, and we have some new ones coming up and breaking out as well. So let’s take a look at some of our favorites.
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has been great. Two of the last three days have been superior sessions. Last week when it broke down and formed a little flag, it was looking good. But the breakaway gap on Monday, a retest of resistance and a pullback on lower volume, and then follow-through on Wednesday, after reversing off of 12, getting up to 14.86, and closing just a penny off the high, or 19%, on 20 million shares made it a spectacular day. Now it's through the mid-channel line, if there is a follow-through, this could be an 18, 20, 22-dollar stock going forward.
Groupon, Inc. (NASDAQ:GRPN) had an extension day on Wednesday, and jumped another 30 cents, or 3.85%, on 45.6 million shares. The base is broken, it broke out, retested, and I’m looking for a test of the gap on this one near 9.00 short-term. The secondary target is 11 1/4-1/2.
Orexigen Therapeutics, Inc. (NASDAQ:OREX) had a big day on Wednesday. The stocks soared after information came out that business had been better than they expected in the third quarter. It looks like it’s headed up toward resistance. I’m looking for a test on it as early as Thursday at 6 1/2. If it gets through that, maybe we’ll see 7 1/2-3/4, 7 3/4 being my swing trade target.
TG Therapeutics, Inc. (NASDAQ:TGTX) had a good break out for this biotech on Wednesday as the entire wedge pattern was blown through. It was up 1.12, or 8.68%, on 701,100 shares traded. The volume wasn’t huge, but it’s been up the last 5 days in a row. Let’s see if it can make it to mid-channel around 17, and possibly as high as in the 19-20 zone.
Other on Harry’s Charts of the Day areVGGL Agios Pharmaceuticals, Inc. (NASDAQ:AGIO), ANI Pharmaceuticals, Inc. (NASDAQ:ANIP), ALIBABA GROUP HOLDING LTD (NYSE:BABA), Everyday Health, Inc. (NYSE:EVDY), GRBX, Groupon, Inc., Infinity Pharmaceuticals, Inc. (NASDAQ:INFI), JD.com, Inc. (NASDAQ:JD), Planar Systems Inc. (NASDAQ:PLNR), Viggle Inc. (NASDAQ:VGGL), and Vitae Pharmaceuticals, Inc. (NASDAQ:VTAE).