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Allied Healthcare Products, Inc. (AHPI) had a long decline, going from when it exploded in March all the way down to Thursday’s low, then popped 88 cents, or 8%, to 11.97, after reaching a multi-week and session high of 12.00, on 156,257 shares traded. I put a swing on it, and it backed off. It formed a wedge and now it may have come out of the wedge. Keep an eye on this stock for a quick move above the 13 3/4-14 range, which is where it will really take off, if it does make a move.
Allegheny Technologies Incorporated (ATI) came down on Wednesday, snapped back on Thursday, and gained 49 cents, or 7%, to 7.97, after reaching a session high of 8.19, on 2.1 million shares traded. It needs more volume, but the level to watch is over 8.45-8.50, and then I think it is headed to 10, 11, and higher.
Catasys, Inc. (CATS) has had a fantastic run, going from the 14 range into the 32 range, pulled back for a week, mostly on a negative article, reversed a little on Wednesday, and on Thursday it followed through with a move of 3.26, or 14%, to 26.79, with a session high of 27.11, on 667,124 shares traded. It couldn’t get through resistance at 27 1/2, and in after-hours when the earnings report came out it dropped 54 cents. Let’s see if it can hold 23 3/4 and snap back. Then it has to take out 27-27 1/4 before it can make any further progress.
Darden Restaurants, Inc. (DRI) made it up to 81 from where we gave it to you at 40. It formed a trendline pattern and then on Thursday it jumped 2.32, or 3.4%, to 70.53, with a session high of 72.10, on 2.3 million shares traded. No question support right now is 66. Under 66 and I want you to get out. If it advances, 80-82 is the target.
Inovio Pharmaceuticals, Inc. (INO) pulled back after a long run-up, bounced around for 4-5 days, and on Thursday it popped 23 cents, or 2.2%, to 10.70, with a session high of 10.98, on 16 million shares traded. If it gets through 9 1/4, I am looking for a pop to 10.40, and then the target is 15-16 and beyond.
Penn National Gaming, Inc. (PENN) moved up 2.43, or 15.4%, to 18.18, with a high of 18.68, on 17 million shares traded on Thursday. This stock still looks great. Any move through the 18.98 zone, and the targets are 23 and 28.
Stocks on the long side included Allied Healthcare Products, Inc. (AHPI), Apache Corporation (APA), Alpha Pro Tech, Ltd. (APT), Aramark (ARMK), Allegheny Technologies Incorporated (ATI), AVEO Pharmaceuticals, Inc. (AVEO), Catasys, Inc. (CATS), Canopy Growth Corporation (CGC), Co-Diagnostics, Inc. (CODX), Copa Holdings, S.A. (CPA), Darden Restaurants, Inc. (DRI), Eldorado Resorts, Inc. (ERI), Fluidigm Corporation (FLDM), Group 1 Automotive, Inc. (GPI), InMode Ltd. (INMD), Inovio Pharmaceuticals, Inc. (INO), MEI Pharma, Inc. (MEIP), Moderna, Inc. (MRNA), Penn National Gaming, Inc. (PENN), Valero Energy Corporation (VLO), and Wayfair Inc. (W).