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AVEO, DVAX, FOLD, MRTX — Stock Charts to Watch

Charts of the Day video for Wednesday October 4th, 2017

AVEO, DVAX, FOLD, MRTX

Swing trade AVEO Pharmaceuticals, Inc. (AVEO) is looking good. It popped, coiled, popped, coiled again, and on Wednesday, it popped 21 cents, or 5.6%, to 3.94, on 7.8 million shares traded. It didn’t close great, but there’s resistance at about 4.11 and the high was 4.15. I think that if its gets a follow-through it’s going to be a big one. If it does, I think it will get to 5-5 1/2 pretty quickly.

I’m really liking the swing trade on Dynavax Technologies Corporation (DVAX). It’s extending slightly, popping 75 cents, or 3.23%, to 23.95, on 1.9 million shares traded on Wednesday, and reaching a new high at 24.00. I believe that’s my swing target, but I raised it to 25 and 28. It has 4.5 days to cover short.

Amicus Therapeutics, Inc. (FOLD) popped out of a wedge on Wednesday, jumping 1.37, or 9.2%, to 16.24, on 10.6 million shares traded. I did it with a bit of a gap, too. I love the action. I’m looking at 18 as the next target, and then 21-2 if it extends through this zone. It has 10 days to cover short.

Mirati Therapeutics, Inc. (MRTX), one of our swing trades, is working great after it popped and pulled back in a beautiful falling wedge on low volume. Then it was up 8 days in a row, and on Wednesday it popped 1.65, or 12.4 to 14.95, on 1.2 million shares traded. I think it has more to go. I’m looking at 17 for Thursday, potentially. Be careful, though since it’s been up 8 days in a row.

On the long side, AudioCodes Ltd. (AUDC), AVEO Pharmaceuticals, Inc. (AVEO), AXT Inc. (AXTI), BroadSoft, Inc. (BSFT), Dynavax Technologies Corporation (DVAX), Endocyte, Inc. (ECYT), FibroGen, Inc. (FGEN), Amicus Therapeutics, Inc. (FOLD), Global Blood Therapeutics, Inc. (GBT), Intelsat S.A. (I), Kandi Technologies Group, Inc. (KNDI), Mimecast Limited (MIME), MannKind Corporation (MNKD), Mirati Therapeutics, Inc. (MRTX), Mazor Robotics Ltd. (MZOR), NewLink Genetics Corporation (NLNK), Puma Biotechnology, Inc. (PBYI), Pieris Pharmaceuticals, Inc. (PIRS), Square, Inc. (SQ), Tetraphase Pharmaceuticals, Inc. (TTPH), and VirnetX Holding Corp (VHC).

On the short side, stocks included Buffalo Wild Wings Inc. (BWLD), Finisar Corp. (FNSR), Genesco Inc. (GCO), Insteel Industries, Inc. (IIIN), MACOM Technology Solutions Holdings, Inc. (MTSI), PCM, Inc. (PCMI), Dave & Buster's Entertainment, Inc. (PLAY, Shutterstock Inc. (SSTK), and Veritiv Corporation (VRTV).




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