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Advanced Micro Devices, Inc. (AMD) is on the move again. The pullback held the trendline, 50-day moving average, lateral price resistance, gap, etc, and broke out on Monday, jumping 2.53, or 5.09%, to 52.26, just four cents of the 52.30 high, on 61 million shares traded. If this gets through 52.85, you could see this stock ramping up towards 58-59.
Co-Diagnostics, Inc. (CODX) popped late Jan, pulled back, popped again, formed a wedge, and then exploded on Monday, gaining 96 cents, or 32%, to 3.96, after reaching a high of 4.24, on 29 million shares traded. If it extends on Tuesday, it may very well reach 5 1/2, 6 1/4, which are the near-term targets.
Kezar Life Sciences, Inc. (KZR), which got smacked from the 40’s down to the single digits, broke out of a base on Monday and popped 1.29, or 34.58%, to 5.02, after reaching a high of 5.20, on 1.1 million shares traded. Two weeks ago, it popped on big volume, pulled back, and exploded again. If it gets to 5 1/4 as early as Tuesday, you may see it run to 6 1/2, or more.
MTBC, Inc. (MTBC), a cloud-based healthcare IT solution and service company, exploded back in 2017, pulled back, exploded and coiled, and then consolidated for about a year and a half in the 3 1/4-5 1/2 range. It has moved in the last few days, exploding across key resistance on Monday, gaining 53 cents, or 9%, to 6.87, before pulling back and closing up 6.41, on 533,670 shares traded. I’m looking for an extension to the 8-9 range.
Rite Aid Corporation (RAD) broke out of a coil a couple days ago, and on Monday, exploded 66 cents, or 5%, to 13.75, after reaching a high of 14.50, on 8.6 million shares traded. It got right to resistance and backed off. If it takes out 14 1/2, 18 is my target, and beyond.
Virgin Galactic Holdings, Inc. (SPCE) is rocketing out of an ascending bull coil, up another 1.62, or 8.56%, to 20.55, on a high of 20.68, on 15 million shares traded on Monday. I think we’re going to see 24, and maybe 28 going forward.
Stocks on the long side included Amcor (AMCR), Advanced Micro Devices, Inc. (AMD), Aptose Biosciences Inc. (APTO), Avadel Pharmaceuticals plc (AVDL), Coherus BioSciences, Inc. (CHRS), Co-Diagnostics, Inc. (CODX), Cue Biopharma, Inc. (CUE), Youdao, Inc. (DAO), eGain Corporation (EGAN), Kezar Life Sciences, Inc. (KZR), MTBC, Inc. (MTBC), NantKwest, Inc. (NK), Invitae Corporation (NVTA), Rite Aid Corporation (RAD), Avita Medical Limited (RCEL), Virgin Galactic Holdings, Inc. (SPCE), Tandem Diabetes Care, Inc. (TNDM), 21Vianet Group, Inc. (VNET), XPO Logistics, Inc. (XPO), and Zymeworks Inc. (ZYME).