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Digital Turbine, Inc. (APPS) exploded on Wednesday and advanced from Tuesday’s breakout point, with a move up of 3.56, or 12.4%, to 32.23, with a session high of 32.36, on a whopping 10 million shares traded, and a up another 21 cents in after-hours. It really looks like this wants to be a 40-dollar stock. That’s the target going forward.
Co-Diagnostics, Inc. (CODX) had a long downtrend at the beginning of August that ran for a month, it reversed three bars out of four days on good volume, had two days and a wedge inside day, broke out on Wednesday, and is right at resistance. It popped 1.37, or 11%, to 13.86, with a session high of 14.04, on 5.1 million shares traded. What I am going to look for is if CODX runs to 14.17. If it does, we could see 17 next.
DraftKings Inc. (DKNG), which we showed you two days ago when it popped and broke out, it had an inside day on Tuesday, and on Wednesday it advanced even further, gaining another 2.82, or 6%, to 51.03, with a session high of 53.25, on 49.2 million shares traded. I’m looking at mid-60’s as the next target.
Gogo Inc. (GOGO) has done fantastic since it announced the sale of one of its divisions. The wedge that formed was absolutely broken on Wednesday on a pop of 1.32, or 14%, to 10.93, with a session high of 11.60, on increasing volume of 12.5 million shares traded. It looks to me like this stock may now have designs on running up and testing 14 1/4, which is the next target.
Sorrento Therapeutics, Inc. (SRNE) had a big pop on Wednesday, going from 6.71 to 8.53, with a jump of 1.42, or 20 1/2%, to 8.36, on 46.7 million shares traded, and another 34 cents to the upside in after-hours. If this one can get up through 9.45, I’m looking at 12 and 14 as targets going forward.
Workhorse Group Inc. (WKHS), a swing of ours, is still moving and acting great. On Wednesday it was up another 1.47, or 5.8%, to 26.82, with a session high of 28.20, on 27.4 million shares traded, and a move of 18 cents higher in after-hours. The sky is the limit on this stock. I think it will see 32 and 35.
On the long side, stocks included Adaptimmune Therapeutics (ADAP), Digital Turbine, Inc. (APPS), Arrowhead Pharmaceuticals, Inc. (ARWR), AxoGen, Inc. (AXGN), AXT, Inc. (AXTI), Checkpoint Therapeutics, Inc. (CKPT), Co-Diagnostics, Inc. (CODX), Ceragon Networks Ltd. (CRNT), DraftKings Inc. (DKNG), Freeport-McMoRan Inc. (FCX), Fossil Group, Inc. (FOSL), GameStop Corp. (GME), Gogo Inc. (GOGO), GrowGeneration Corp. (GRWG), Inovio Pharmaceuticals, Inc. (INO), Mersana Therapeutics, Inc. (MRSN), NantKwest, Inc. (NK), Novavax, Inc. (NVAX), Invitae Corporation (NVTA), Pacific Biosciences of California, Inc. (PACB),Pacific Ethanol, Inc. (PEIX), Renewable Energy Group, Inc. (REGI), Rekor Systems, Inc. (REKR), Sorrento Therapeutics, Inc. (SRNE), TRACON Pharmaceuticals, Inc. (TCON), Vaxart, Inc. (VXRT), Workhorse Group Inc. (WKHS), and Wave Life Sciences Ltd. (WVE).