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Allied Healthcare Products, Inc. (AHPI) shows a large coil on the hourly chart right at the apex on Monday. It was a low volume day for this stock, but still, it was up 1.07, or 6%, to 18.35, after reaching a high of 19.50, on 525,531 shares traded. If it pops and takes out 22 quickly, we should see 27-28, and much higher. Let’s look at the overall potential of this one. If it breaks out here and goes vertical, and retest the 35-45-50 area, it could spike up. But everything depends on the volume.
AIM ImmunoTech Inc. (AIM) broke out on Monday, popped 62 cents, or 30%, to 2.66, with a high of 3.45, on 28 million shares traded, and another 39 cents, or 15%, to 3.05, and then settled back from resistance, which was at 3 1/2. If there’s any further upside, we might see 5.00 on this one. On Monday, the volume was good but the close wasn’t, so we’ll keep an eye on it on Tuesday.
Alpha Pro Tech, Ltd. (APT) shows a big run-up, a coil, a breakout of 2.12, or 29%, to 13.32, with a high of 14.40, on 8.1 million shares traded, and a little wedge. The next target is 16.
Owens & Minor, Inc. (OMI) had a big day on Monday, jumping 2.88, or 52%, to an early multi-week and session high of 8.94, before pulling back an closing up 8.39, on 18.5 million shares traded, and in after-hours it added another 19 cents, or 10%, to 9.20. Remember when I liked it in Sept when it broke out of a flag, before it went through a six-month consolidation period, and then broke down when the market broke, all the way down to 53. It’s now 150% off the low, reaching as high as 8.94 on Monday. I think it may test the gap on this one. Resistance is at 10 3/4, but it will probably gap some more, so keep an eye on this stock.
OraSure Technologies, Inc. (OSUR) broke its channel, pulled back, and then exploded out of it on Monday with a pop of 1.70, or 21%, to 9.83, after reaching a high of 10, on 1.5 million shares traded. That’s good volume. It’s at resistance. If it gets through here, we’re looking at 12.
ShockWave Medical, Inc. (SWAV) broke out on Monday, gaining 3.23, or 10%, to 35.95, with a high of 36.71, on 542,620 shares traded. It seems to me like there’s resistance right about where it reached on Friday and backed off. It came on nicely on Monday. If it gets above 39, we’re looking at 44 and 48. I don’t know if that is going to happen until it gets a better consolidation. It’s showing good relative strength.
Charts included S&P 500, NDX-X, iShares Russell 2000 ETF (IWM), Allied Healthcare Products, Inc. (AHPI), AIM ImmunoTech Inc. (AIM), Alpha Pro Tech, Ltd. (APT), BioNTech (BNTX), Gilead Sciences, Inc. (GILD), Direxion Daily S&P Biotech Bull 3X Shares (LABU), Direxion Daily Financial Bull 3X Shares (FAS), VanEck Vectors Semiconductor ETF (SMH), Moderna, Inc. (MRNA), Microsoft Corporation (MSFT), Novavax, Inc. (NVAX), Owens & Minor, Inc. (OMI), OraSure Technologies, Inc. (OSUR), ShockWave Medical, Inc. (SWAV), Teekay Tankers Ltd. (TNK), and Vapotherm, Inc. (VAPO).