The stock market had an ugly afternoon as it rolled over after a couple days of rallying. Not quite sure what that means, but heading into Friday, it may be a sloppy day. We’ll take a look at some interesting longs, and this weekend we’ll be going over some of the Boxer Shorts.
Kodiak Oil & Gas Corp. (KOG) had a nice snapback in the last two days as we put a swing trade on this stock when it was reversing. On Thursday, it was up 36 cents to 8.11, or 4.65%, on nearly 11 million shares. It may fall in this area, but it looks like it might take a quick move up to the swing trade area at 8 1/2-3/4 zone.
Pharmacyclics Inc. (PCYC) spiked up on Thursday after breaking out, pulling back, and then reaching the swing trade target up around 38 1/2 – 39. On Thursday, it was up 1.95 to 36.73, or 5.64%, on 2 million shares. Keep an eye on this one, because it looks like it still has more to go.
TravelCenters of America (TA) had a big day on Thursday. It popped and got all the way up to 5.75, closing at 5.47, up 70 cents, or 14.7%, on 1 million shares. That’s the heaviest volume in 2-2 1/2 months. As it thrust back through two layers of resistance, it tagged a third one and backed off. If it gets through Thursdays high of 5.75, look for something up around 6.75.
Vitesse Semiconductor Corp. (VTSS) had a big surge-back Thursday on heavy volume, up 30 cents to 2.50, or 13.6%, on 2.2 million shares. First resistance is up around 2.80 – 2.85, second resistance is up around 3.25 – 3.35. Those are the targets for VTSS.
Other stocks in our Charts for the Day are AuthenTec, Inc. (AUTH), Ellie Mae, Inc. (ELLI), Patrick Industries Inc. (PATK), Streamline Health Solutions, Inc. (STRM), Vringo, Inc. (VRNG), and Westport Innovations Inc. (WPRT).