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ADXS, EXEL, NVAX, XNCR — Stock Charts to WatchRSS

Charts of the Day video for Wednesday August 3rd, 2016

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It was a nice rally back on Wall Street on Wednesday. We have a lot of stocks that are doing well, so let’s take a look at them and see how they are doing.

Advaxis, Inc. (ADXS) was the super star on Wednesday, up 2.61 to 13.69, or 23 1/2%, on 5.7 million shares, and reaching as high as 14.24. That was a big day for this stock. With 12.9 days to cover, even though it’s at resistance, there’s a possibility that it could extend to the 16-17-18 range. I don’t know if it will make it, but if it pulls back and consolidates nicely, it could get up to the next level. It has 12.9 days to cover.

Exelixis, Inc. (EXEL) has a phenomenal trend, a really tight rising channel. On Wednesday, it was up 24 cents to 9.39, or 2.6%, on 7.3 million shares. It reversed on Wednesday and then in afterhours it was trading low again. Even though there is resistance in this area, it wouldn’t surprise me if it ran up to the 11-12 area. It has 7 days to cover.

Novavax, Inc. (NVAX), a swing trade of ours, has been consolidating for a couple weeks, and on Wednesday it popped 42 cents to 7.61, or 5.84%, on 4.3 million shares. It looks like it’s ready to test the 8-8 1/4 range, and then 9 1/2. It has 12.2 days to cover.

Xencor, Inc. (XNCR), one of our swing trades, did great on Wednesday, up 1.88 to 21.16, or 9.75%, on 541,100 shares traded. It broke out of a wedge and took off running, actually tagging 21.81, which is my target. The secondary target is 24. We’ll see if we get a follow-through, and then consolidate. It has 5.35 days to cover.

Stocks on the long side included Advaxis, Inc. (ADXS), Amkor Technology, Inc. (AMKR), Cempra, Inc. (CEMP), Cemtrex Inc. (CETX), CaesarStone Sdot-Yam Ltd. (CSTE), 3D Systems Corporation (DDD), Eleven Biotherapeutics, Inc. (EBIO), Etsy, Inc. (ETSY), Exact Sciences Corporation (EXAS), Exelixis, Inc. (EXEL), Fitbit Inc. (FIT), INSYS Therapeutics, Inc. (INSY), Direxion Daily S&P Biotech Bull 3X ETF (LABU), MeetMe Inc. (MEET), NeoPhotonics Corporation (NPTN), Novavax, Inc. (NVAX), Oclaro, Inc. (OCLR), Ocean Power Technologies, Inc. (OPTT), Aratana Therapeutics, Inc. (PETX), Primo Water Corporation (PRMW), Shopify Inc. (SHOP), U.S. Silica Holdings, Inc. (SLCA), Sarepta Therapeutics, Inc. (SRPT), and Xencor, Inc. (XNCR).

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