Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

4 Stocks To Watch: TTMI, VERTEX, JACK, TPX

By Harry BoxerStock MarketsApr 05, 2017 01:09AM ET
www.investing.com/analysis/ttmi,-vertex,-jack,-tpx-200181313
4 Stocks To Watch: TTMI, VERTEX, JACK, TPX
By Harry Boxer   |  Apr 05, 2017 01:09AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

TTM Technologies Inc (NASDAQ:TTMI) had a nice pop on Tuesday, broke out, spiked from 15.97 to 17 1/4, and closed up 1.33, or 8.5%, to 17.06, on 3.2 million shares traded. The volume is solid here, and the best volume in several weeks. I’ll be watching on Wednesday to see if it can get up through the 17.85 area. If it does, the targets are 19 and 21. With almost 10 days to cover , it may very well get a little thrust.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) had big drug news a few days ago, and it went from under 90 to 112. The last two days it has been consolidating. On Tuesday, it popped from 107 to 112.69, pulled back and closed up 4.84, or 4.5%, to 112.29, on 2.8 million shares traded. Solid volume. If it gets through Tuesday’s high, then we may very well see it run up to the 130-5 zone.

Stocks on the Short Side….

Jack In The Box Inc (NASDAQ:JACK) continues to form a large, rising bear wedge, the 50-day moving average and declining topsline. It was down 17 cents to 101.72, on 360,896 shares traded. This is the area I want it to fail, because we don’t want it over 102 1/2-3. Targets are in the 93-91 zones, and then I will be looking for 82-84.

Tempur Sealy International Inc (NYSE:TPX) fell 90 cents, or 2%, to 44.39, on 896,678 shares traded. It looks like it’s about to rollover. It had a nasty drop at the end of January, and has taken about a month and a half or two months to consolidate, forming a big bear wedge. If that breaks, we’ll see 37, and maybe all the way down to the high 20’s.

On the long side, stocks included BlackBerry Ltd (NASDAQ:BBRY), Conns Inc (NASDAQ:CONN), Gogo Inc (NASDAQ:GOGO), Guidewire Software Inc (NYSE:GWRE), Resolute Energy Corp (NYSE:REN), TTM Technologies Inc (NASDAQ:TTMI), VelocityShares 3x Long Natural Gas linked to S&P GSCI Natural Gas Excess Return (NYSE:UGAZ), and Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Stocks on the short side included Acuity Brands Inc (NYSE:AYI)), AutoZone Inc (NYSE:AZO), Five Prm Th (NASDAQ:FPRX), Jack in the Box Inc. (NASDAQ:JACK), Ralph Lauren Corporation (NYSE:RL), Sally Beauty Holdings, Inc. (NYSE:SBH), Signet Jewelers Limited (NYSE:SIG), Tempur Sealy International, Inc. (NYSE:TPX), Ubiquiti Networks, Inc. (NASDAQ:UBNT), and WEX Inc. (NYSE:WEX).

4 Stocks To Watch: TTMI, VERTEX, JACK, TPX
 

Related Articles

4 Stocks To Watch: TTMI, VERTEX, JACK, TPX

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email