The markets did not have a good day on this turnaround Tuesday. A lot of our stocks did well, so let’s go over a few old ones and new ones.
Advaxis, Inc. (ADXS) impressed me by jumping a dollar. It didn’t hold the high, but it got up to a penny off the high at 15. It backed off about 50 cents and closed at 14.44, up 1.00, or 7 1/2%, on 1.86 million shares. That’s the best volume on an up day in a couple weeks. If it could just get a follow-through, we could see 18 or 19 on this stock.
Capnia, Inc. (CAPN) popped on Tuesday, up 34 cents to 6.40, or 5.6%, on 7.8 million shares. It went up to 6.95, but couldn’t quite get through the 7.00 level. The line of resistance at that level is still holding. Watch this one carefully. The technicals look good, the OBV is at a new high. Look for a run at the 8.00 range, and then a test of 9 3/4. Beyond that we could see 12 or 13, but let’s take it one step at a time.
Syneron Medical Ltd. (ELOS), a swing trade, has been acting well. It broke out, pulled back, had a nominal breakout, but couldn’t follow through, and backed off one more time on low volume and good technicals. On Tuesday, it popped from 11.67 to 12.99, and closed at 12.39, up 71 cents, or 6%, on 360,000 shares traded. That’s big volume for this stock, the second biggest volume in about 4 weeks. Let’s see if it get to my targets at 13 1/4 and 14 1/2.
Spark Therapeutics, Inc. (ONCE) is a recent IPO biotech, and one of the favorites, having gone from 65 to 79 in the last three consecutive days. The target is now 86-7.
Other stocks on Harry’s Charts of the Day included Arista Networks, Inc. (ANET), CorMedix, Inc. (CRMD), Dyax Corp. (DYAX), Syneron Medical Ltd. (ELOS), Great Basin Scientific, Inc. (GBSN), Genetic Technologies Limited (GENE), Gordmans Stores, Inc. (GMAN), 2U, Inc. (TWOU), and Unilife Corporation (UNIS).