It was an interesting day on Wall Street. The markets came down, held support and rallied the entire day until the very end. A lot of our stocks are still trending. Let’s take a look at some of them.
Infoblox Inc. (BLOX), one of our long-term plays and recent swing trades, over the last several sessions popped, pulled back, popped again, pulled back, held each time, finally moved on Wednesday, then pulled back again to retest, only to close about a dollar off the low, up 26 cents to 26.32, or 1%, on 1.6 million shares on Thursday. The volume picked up as it went up. Look for it to head up toward 28 1/4-1/2. Let’s see if it gets an extension to rally to get to that. If it gets through that, then it’s on its way to the 31-32 zone, which is the short-term target.
FireEye, Inc. (FEYE) has been acting great. It had a good day on Thursday, up 1.81 to 46.82, taking out the March high at 46.44, or 4%, on 13 million shares. That's the best volume since February. The way it looks now this stock wants to head higher. Targets are up around 50 short-term, 55-56 intermediate-term, and then 61-63 long-term. This stock appears to be at the breakout point of the basing pattern.
Intra-Cellular Therapies, Inc. (ITCI), which we put out a swing on Thursday, failed on an earlier swing and came down in a 3-wave corrective pullback to a major channel bottom. Over the last few weeks it’s shown steady progress. On Thursday it was up 73 cents to 26.62, or 2.8%, on 211,561 shares traded. It looks like it’s going to start with a move to 28 1/2-3/4, and if it gets through that, then the targets are 31 short-term, 35 intermediate-term, and 38 long-term.
NeoPhotonics Corporation (NPTN), one of our swing trades, is acting great after popping and pulling back. It’s gone up steadily, reaching 8.65 on Thursday, and closing at 8.62, up 35 cents, or 4 1/4%, on nearly a million shares traded. Potential targets are 10 and 12 1/2.
Other stocks on Harry’s Charts of the Day included Advaxis, Inc. (ADXS), BSQUARE Corp. (BSQR), Cellectis S.A. (CLLS), CARBO Ceramics Inc. (CRR), Second Sight Medical Products, Inc. (EYES), GoPro, Inc. (GPRO), Infinera Corporation (INFN), Juno Therapeutics Inc. (JUNO), McDermott International Inc. (MDR), Sorrento Therapeutics, Inc. (SRNE), SunEdison, Inc. (SUNE), TubeMogul, Inc. (TUBE), and XOMA Corporation (XOMA).