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ABEO, COOL, IMGN, SGMO — Stock Charts to Watch

Charts of the Day video for Tuesday August 29th, 2017


Abeona Therapeutics Inc. (ABEO) had a big pop on Tuesday, popping 1.75, or 18.4%, to 11.25, on 2.8 million shares traded. It had a breakout and a thrust through the July high, and when it crossed the 10.24 area, it closed a dollar higher. At this point, I’m looking for the 14-15 range as the next target, maybe even higher. There’s 20.84 days to cover.

Majesco Entertainment Company (COOL), a swing trade of ours, was acting really well on Tuesday. We put it out to you at 23.81 on Aug 15, and now it’s trading 6 points higher, reaching as high 29.92 on Tuesday. It was up 1.35, or 4.8%, to 29.46, on 140,001 shares traded. It’s high in June was 30.09. If it gets through that, the targets are 33-4, maybe as high as the high 30’s over the next few weeks going forward. It has 6 days to cover.

Swing trade ImmunoGen, Inc. (IMGN) was put out on May 16 at 4.88. It reached up to 8.00, pulled back in a 3-wave corrective move, and then broke out on Tuesday, jumping 1.12, or 17%, to 7.58, on 13 million shares traded. That’s the biggest volume since January. Targets are 9 1/2 and 12 1/2. It has 5.5 days to cover.

Sangamo Therapeutics, Inc. (SGMO) is also looking good. This is a swing trade from May 11 at 6.68. On Tuesday, it was up 1.30, or 11.3%, to 12.80, on 3.3 million shares traded, reaching a high of 12.90. My current targets are 11 1/2 and 13. My target going forward is 17. It had 3.6 days to cover.

On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Agnico Eagle Mines Limited (AEM), Majesco Entertainment Company (COOL), Corcept Therapeutics Incorporated (CORT), Catalent, Inc. (CTLT), Fate Therapeutics, Inc. (FATE), Amicus Therapeutics, Inc. (FOLD), First Solar, Inc. (FSLR), Health Insurance Innovations, Inc. (HIIQ), ImmunoGen, Inc. (IMGN), Juno Therapeutics Inc. (JUNO), KEMET Corporation (KEM), Kratos Defense & Security Solutions, Inc. (KTOS), Movado Group, Inc. (MOV), Puma Biotechnology, Inc. (PBYI), Sangamo Therapeutics, Inc. (SGMO), Swift Transportation Company (SWFT), Vericel Corporation (VCEL), and YRC Worldwide Inc. (YRCW).




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