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Arrowhead Pharmaceuticals, Inc. (ARWR) is still a fantastic chart, still looks great from the time I got it in Feb at 14, and change, to about 20 points higher at 36. You can see the Wednesday snapback at 1.44, or 4.37%, to 34.36, on 1.35 million shares. I’m looking for 39, and then 44. Those are the targets going forward.
Lannett Company, Inc. (LCI) popped and pulled back on Wednesday, but still gained 2.07, or 34%, to 8.10, on 20.5 million shares. I like this for a swing. We’ll see. If it can get out above 6.10, I think it will come on at 10 1/2, hold the gap at 11 1/4, and then eventually 14 and 16.
Luckin Coffee Inc. (LK) had a nice comeback after we had a swing on it. It broke down, held secondary support, and snapped back. Currently, it’s right at the 50, and on Wednesday, it was up 1.55, or 8%, to 21.03, on 3.6 million shares. This might be a nice recovery if it gets to 22.
Sea Limited (SE) came down in a falling wedge and may turn around right here. It got down to 30.44 on Wednesday, and then popped 40 cents, or 1.25%, to 32.29, on 2.9 million shares. Any move here and we should see 34 and 37 going forward.
Weight Watchers International I (WW) is still a swing for me. I love the base, the breakout, the flag, and the little pattern when it moved up 61 cents, or 2.07%, to 30.05, on 1.8 million shares on Wednesday. Targeting 38 and 44.
Zymeworks Inc. (ZYME) popped, pulled back, and on Wednesday it popped again, jumping 1.48, or 5.92%, to 26.50, on 227,200 shares traded. I think this stock is headed to 28, or better.
Stocks on the long side included Aerojet Rocketdyne Holdings, Inc. (AJRD), Arrowhead Pharmaceuticals, Inc. (ARWR), Keurig Dr Pepper Inc. (KDP), Fastly, Inc. (FSLY), Sea Limited (SE), Plus Therapeutics, Inc. (PSTV), Luckin Coffee Inc. (LK), Solid Biosciences Inc. (SLDB), Weight Watchers International I (WW) Lannett Company, Inc. (LCI), VelocityShares 3x Long Silver ETN Linked to the S&P GSCI Silver Index ER (USLV), Workday, Inc. (WDAY), and Zymeworks Inc. (ZYME).
On the short side, stocks included Advance Auto Parts, Inc. (AAP), Dorman Products, Inc. (DORM), Everbridge, Inc. (EVBG), Gravity Co., Ltd. (GRVY), IntriCon Corporation (IIN), Mimecast Limited (MIME), Omnicell, Inc. (OMCL), United Rentals, Inc. (URI), Workday, Inc. (WDAY).