It was another good day on Wall Street, a nice follow-through day, and the markets closed pretty well on top of everything else, so we’ll see if there’s more upside. For now, let’s go over some of the stocks we traded today and a couple new ones that came up.
Dynavax Technologies Corporation (DVAX) is a beautiful chart and really nicely moving after consolidating. It popped 82 cents to 29.65, or 2.8%, on nearly a million shares on Wednesday. That’s the best volume in five days. The beauty of this pattern is that after the base broke, and it ran up to resistance, it pulled back a couple times to test the 26.70 range, or thereabouts, and moved up to over 30 on Wednesday at 30.39. The target is 34-34 1/2 going forward.
Natural Health Trends Corp. (NHTC) has been a star all year, going from under a dollar in the early part of this year, all the way up to the mid 40’s. Recently, it triple-topped near 44-45, and came down hard, formed a break away gap, and reversed on Wednesday, up 9.66 to 34.39, or 39%, on 1.9 million shares. That's the biggest volume on an up-day since we’ve been tracking this stock and a huge day for this stock. There’s some resistance, so we’ll have to watch to see if it will get up through the 36 range. If it does, the next target is 39 1/2, followed by, eventually, the mid 40’s if it gets a follow-through.
VCA Inc. (WOOF) had a big earnings report and blew through resistance on Wednesday, up 5.88 to 60.10, or 11%, on 1.9 million shares, which is strong volume for this stock. It reached a new, all-time high at 61.36. Look for it to move to 65-66 short-term.
YRC Worldwide Inc. (YRCW) had a huge move on Wednesday, up 1.98 to 15.06, or 15%, on 2 million shares. With 5.3 days to cover, and a move up to resistance, I’d be carefully watching to see if this stock follows through. It did back off through two moving averages and declining topsline on Wednesday. But keep an eye on it. Secondary resistance and target is 17.55, and then 19.90.
Other stocks on Harry’s Charts of the Day included AtriCure, Inc. (ATRC), Calix Inc. (CALX), Amicus Therapeutics, Inc. (FOLD), NuVasive, Inc. (NUVA), the Rubicon Project, Inc. (RUBI), Shake Shack Inc. (SHAK), U.S. Silica Holdings, Inc. (SLCA), and Intrexon Corporation (XON).