It was an interesting day on Wall Street on Tuesday as the day took off with a thud, and then rallied to new highs. So, we’ll be highlighting longs here that continue to push ahead.
3D Systems Corp. (DDD) is a wonderful swing trade of ours, and it reached our target on Tuesday in the 69-70 zone. This stock spiked up and reached a 71.22 level, closing at 69.80, up 3.98, or 6%, on 5 million shares, the biggest volume in a long time. It looks like it’s accelerating here and may be coming to a near-term peak. It has broken above the long-term channel that goes back a year. So at this point, if it accelerates, nothing would stop it from going another 20-30 points. But it could peter out in the mid 70’s, and then pullback and consolidate.
First Solar, Inc. (FSLR) popped out of a wedge on Tuesday, up 1.50 to 31.58, or 5%, on 4 million shares. It does look like it wants to go back up to test 35, and maybe even as high as 38.
Research In Motion Limited (RIMM) has made an unbelievable move, up 32.06 to 17.90, or 13%, on 110 million shares. It has tripled from the low in Sept to the high on Tuesday, reaching nearly 18, the target set for this stock. It’s at resistance now and is short-term overbought. It may peak out. We’ll know pretty soon, so keep an eye on this one.
Repros Therapeutics Inc. (RPRX) has a nice swing trade on it. The fifth wave is on its way. Right now it’s at resistance, and if this stock pops, it could explode to the 25-27 zone.
Other stocks on Harry’s Charts of the Day are AcelRx Pharmaceuticals, Inc. (ACRX), Acme Packet, Inc. (APKT), Cimatron Ltd. (CIMT), 8X8 (EGHT), Goldfield Corp. (GV), GenCorp Inc. (GY), Krispy Kreme Doughnuts, Inc. (KKD), Cheniere Energy, Inc. (LNG), Opko Health, Inc. (OPK), Perceptron, Inc. (PRCP), Radian Group Inc. (RDN), and Silicon Graphics International Corp. (SGI).