Charts of the Day

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Charts of the Day video for Mon November 23rd 2015

Charts of the Day
The market had a difficult session to...

The market had a difficult session to start the week on Monday, but a lot of stocks we follow did well, and there are some new ones that we’ve been spotting. Let’s take a look at them.

AcelRx Pharmaceuticals, Inc. (ACRX) was looking good on Monday, up 38 cents to 5.75, or 7%, on 630,200 shares traded. It broke out of a base a couple weeks ago and set up a wedge. It broke out of the wedge, pulled back, held, and then popped, moving steadily. There’s a gap here. Targets for Tuesday are 6.15, and if it gets through that, it could possibly get up to 7-73/4. It’s long in the tooth. If it consolidates it may extend.

Celldex Therapeutics, Inc. (CLDX) has almost 8 days to cover. It broke out of a wedge, we put a swing on it, and it extended 1.92 o 18.11, or 12%, on 6 million shares. Excellent action. Target is 21-22, and then we'll go from there.

LeMaitre Vascular, Inc. (LMAT), a new swing trade of ours, poked up high above a lot of resistance. The volume is even heavier, especially after it came down to 15.02, and then rallied 90 cents. It was up 14 cents to 15.91, on 447,200 shares traded. Intraday pattern shows it all. A beautiful recovery, 4 days to cover short, and if it continues, the target is 19.

Omega Protein Corporation (OME) has incredible strength, up nearly another point on Monday at 97 cents to 25.03, or 4%, on 555,300 shares traded. It’s above the channel top. If it gets to 28, 29, 30 that would be great, but it may very well pull back and retest the 22-23 zone, so be careful.

Other stocks on the long side include Aduro BioTech, Inc. (ADRO), Amira Nature Foods Ltd. (ANFI), Bellicum Pharmaceuticals, Inc. (BLCM), Cytokinetics, Incorporated (CYTK), Intra-Cellular Therapies, Inc. (ITCI), KaloBios Pharmaceuticals, Inc. (KBIO), NeoPhotonics Corporation (NPTN), NovoCure Limited (NVCR), Nymox Pharmaceutical Corporation (NYMX), and SkyWest Inc. (SKYW).

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