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The market had a positive session on Tuesday and many of the stocks we follow did great. Let’s take a look at a few of them.
Adial Pharmaceuticals, Inc. (ADIL) has been popping, pulling back, popping, consolidating, looks very bullish, formed a wedge, and that broke out on Tuesday as we put a swing on it. It jumped 1.06, or 14 1/2%, to 8.33, on 1.45 million shares. I think it will make it to 12.
Apyx Medical Corporation (APYX), one of my Top 30 picks, continues to move up 8 days in a row, 15 of the last 16 days. On Tuesday it popped another 42 cents, or 5%, to 8.67 on 403,900 shares traded. I think it’s headed to the 10-11 range.
Calix, Inc. (CALX) has been coming down for a week, held near price support, and then popped 65 cents, or 7.32%, to 9.53, on 1 million shares on Tuesday. If it gets through the 10-level, it could see the 10 3/4-11, and 12 range. Those are the targets going forward.
Ciena Corporation (CIEN) looks great, forming a wedge, and then popped out again on Tuesday, gaining 1.00, or 2.73%, to 37.63, on 2.1 million shares. The highest we’ve seen on this stock goes back in 2007, and 11-year high, a 45.85-point high. If it can get through 37.63, it could accelerate to the low 40’s.
Intelligent Systems Corporation (INS) is one of the Top 30 for the year. It has been up almost every day for the last two weeks, and looks fabulous in a nice rising channel. Tuesday’s reversal and close, up 1.49, or 8.23%, to 19.59, on 52,072 shares traded, closing at the highs for the day, tells me that this is far from done. If it accelerates through here, it may head to the mid 20’s.
Nutanix, Inc. (NTNX) looks great. I love this chart. A triple bottom, base pattern, and multiple tops that were broken on Tuesday with a thrust of 3.19, or 7%, to 48.74, on 4 million shares. I think this stock will be headed to 54, and eventually back to 62. That’s my opinion.
Stocks on the long side included Adial Pharmaceuticals, Inc. (ADIL), Apyx Medical Corporation (APYX), Attunity Ltd. (ATTU), Axsome Therapeutics, Inc. (AXSM), Alteryx, Inc. (AYX), Calix, Inc. (CALX), Ciena Corporation (CIEN), Coupa Software Incorporated (COUP), Ceragon Networks Ltd. (CRNT), DocuSign, Inc. (DOCU), Etsy, Inc. (ETSY), Exelixis, Inc. (EXEL), Incyte Corporation (INCY), Intelligent Systems Corporation (INS), Direxion Daily S&P Biotech Bull 3X ETF (LABU), K12 Inc. (LRN), New Age Beverages Corporation (NBEV), Nektar Therapeutics (NKTR), Nutanix, Inc. (NTNX), Okta, Inc. (OKTA), SharpSpring, Inc. (SHSP), TAL Education Group (TAL), Tyme Technologies, Inc. (TYME), VirnetX Holding Corp (VHC), and Vanda Pharmaceuticals Inc. (VNDA).