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ADMS, MARK, MRTX, NKTR — Stock Charts to Watch

Charts of the Day video for Tuesday January 9th, 2018


Adamas Pharmaceuticals, Inc. (ADMS) was up 1.72, or 5.35%, to 33.87, on 612,876 shares traded on Tuesday. What I’m seeing here is 4 waves up, and the 5th wave could take it to the mid 40’s, even the mid 50’s. For now, I want to see it get up through that 37-8 zone, and beyond that we’re looking at the mid 40’s.

Remark Holdings, Inc. (MARK) popped out on Monday, and then it had a nice little inside day on Tuesday, gaining just 9 cents, to 13.14, on 1.7 million shares traded. Good volume. Great technicals. I think this one will go to 15, 20, and 29.

Mirati Therapeutics, Inc. (MRTX) jumped 1.85, or 11%, to 19.05, on 502,798 shares trade on Tuesday. The snap back is going to be testing or pressing 9.70 resistance. If it gets through that, and I think it might, I’m looking for 22 and 24 as my next targets.

Nektar Therapeutics (NKTR) had a monster day on Tuesday, exploding 10.63, or 18 1/2%, to 68.03, on 6 million shares traded. The swing that I gave you in November in the 24 range, took it all the way up to 69.00 on Tuesday. The next target is 80-dollars.

On the long side, stocks included Adamas Pharmaceuticals, Inc. (ADMS), Alder Biopharmaceuticals, Inc. (ALDR), Array BioPharma Inc. (ARRY), BlackBerry Limited (BB), Collegium Pharmaceutical, Inc. (COLL), Corcept Therapeutics Incorporated (CORT), Daqo New Energy Corp. (DQ), Global Blood Therapeutics, Inc. (GBT), Immunomedics, Inc. (IMMU), ITUS Corporation (ITUS), Eastman Kodak Company (KODK), Remark Holdings, Inc. (MARK), MiMedx Group, Inc. (MDXG), Mimecast Limited (MIME), Mirati Therapeutics, Inc. (MRTX), Nektar Therapeutics (NKTR), QuinStreet, Inc. (QNST), Canopy Growth Corporation (TWMJF), Weight Watchers International, Inc. (WTW), and Xunlei Limited (XNET).

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