The market is still a good trading market. A lot of our stocks we follow closely are doing very well, and certainly some of our swing trades are also performing.
Arista Networks, Inc. (ANET) did very well on Wednesday. It opened just under 76.00, ran up to 83.47, and closed at 83.15, up 6.99, or 9%, on 724,200 shares traded. That’s a lot of volume for that stock, and the best volume in two and a half weeks. If it breaks out across the next line of resistance, this stock could head up towards 92-93 zone short term.
BioDelivery Sciences International, Inc. (BDSI), one of our swing trades, is acting well. It popped up and through taking out lateral resistance, and a double-top from back in July. The short-term target is 19, and 21 intermediate-term.
Keryx Biopharmaceuticals Inc. (KERX) is breaking out in tiers. The top of the intermediate resistance in the 18 range was taken out on Wednesday. In the position that it’s in right now it looks like it headed toward the 20 range short-term, and then 22-22 1/2 intermediate-term.
Sunesis Pharmaceuticals, Inc. (SNSS) popped on Wednesday, up 74 cents, or 10%, on 5.2 million shares. That’s the biggest volume since the beginning of the year. When it comes to a breakout day, it moved across resistance going back a long time. At this point, look for SNSS to run to 12 short-term, and then 15 intermediate-term. This could be a good one, so keep your eye on it. We may put out a swing trade, but it won’t be until Thursday morning.
Other on Harry’s Charts of the Day are Arista Networks, Inc. (ANET), BioFuel Energy Corp. (BIOF), DepoMed Inc. (DEPO), Exact Sciences Corporation (EXAS), Amicus Therapeutics, Inc. (FOLD), Image Sensing Systems, Inc. (ISNS), JD.com, Inc. (JD), TubeMogul, Inc. (TUBE), and Vimicro International Corp. (VIMC).