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Advanced Micro Devices, Inc. (AMD) broke out of its 2-week flag on Monday and popped 3.13, or 3.42%, to 94.78, to a new, all-time session high at 95.40, on 48 million shares traded, and in after-hours it moved up another 54 cents to 95.32. I’m thinking now that this stock is going to the 103-109 zone. Those are my two targets going forward.
Arvinas, Inc. (ARVN) made an explosive move on Monday on major biotech new. It came down off that nearly 80-point high, finishing up 28.45, or 95%, to 58.38, on 28.3 million shares traded, and another 33 cents to 58.71 in after-hours. You can see, this stock is headed to potentially higher levels near 100.00, but it may need to back and fill for a bit.
ImmunoGen, Inc. (IMGN) broke through key resistance on Monday and popped 3.34, or 52.56%, to 9.69, with a session high of 10.83, on 134.6 million shares traded. In after-hours it exploded another 1.61 to 11.30. The OBV is at multi-year highs and looks good. Is there more upside? I would think we will start to see a quick move toward 8-8.25. Then we’re looking at 10.
Inseego Corp. (INSG) popped and now it has been up for two weeks. On Monday, it moved up 1.40, or 10.2%, to 15.16, with a session high of 16.50, on nearly 20 million shares traded and 24 cents in after-hours to 15.40. You can see the pullback late in the day. That’s the biggest volume I’ve ever seen on this stock and it may be short-term extended but has momentum.
Syros Pharmaceuticals, Inc. (SYRS) also has an inverse head and shoulder with a down-sloping neckline or a right-handed, extended V. Otherwise, this stock has had a good, strong, last six or seven days, having gone from 7.36 to Monday’s session high at 12.55, with a move up of 1.50, or 14.78%, to 11.65, on 1.1 million shares traded and another 12 cents in after-hours. The target going forward is 14.75.
On the long side, stocks included Arbutus Biopharma Corporation (ABUS), Advanced Micro Devices, Inc. (AMD), Arvinas, Inc. (ARVN), BioCardia, Inc. (BCDA), Calix, Inc. (CALX), Denali Therapeutics Inc. (DNLI), Daqo New Energy Corp. (DQ), Evelo Biosciences, Inc. (EVLO), Fuwei Films (Holdings) Co., Ltd. (FFHL), ImmunoGen, Inc. (IMGN), Inseego Corp. (INSG), mmedf, Nano Dimension Ltd. (NNDM), O2Micro International Limited (OIIM), Rocket Companies, Inc. (RKT), Retractable Technologies, Inc. (RVP), ReneSola Ltd (SOL), Stratasys Ltd. (SSYS), Surface Oncology, Inc. (SURF), Syros Pharmaceuticals, Inc. (SYRS), Translate Bio, Inc. (TBIO), and Veru Inc. (VERU).