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BioCryst Pharmaceuticals, Inc. (BCRX), in the biotech vaccine area, on Tuesday popped to 5.41, up 46 cents, or 9%, after reaching a midday high of 5.56, on 10.9 million shares traded. Strong volume pushed it to break out of a little wedge. Now, we have the objective of getting through 5.65, and making a run to the main spike-high at 6.29. if it gets through that, we’re looking at 7.00 as the next target.
Inovio Pharmaceuticals, Inc. (INO), another vaccine stock, popped on Tuesday to 24.09, up 3.16, or 15%, with a session high of 24.99, on 62 million shares traded. If momentum and the channel are correct, this stock is headed to 38 next.
MOGU Inc. (MOGU), late in the day on Tuesday, exploded to 5.92, up 3.03, or 105%, after reaching all-time and session high highs at 6.85, on 22.4 million shares traded. It went from 2.61 to 6.85, a huge day for this stock, and a clean breakout, indeed. The next target is about 8.00.
Novavax, Inc. (NVAX), yet another vaccine stock, the biggest and best I’ve seen all year, on Tuesday exploded 25.12, or 32%, to 104.56, with an all-time and session high of 111.77, on 26.3 million shares traded. Going from 4 to 111 is a fantastic move for a 6-month run. It seems to me that when this stock coiled and broke out, I said the way this stock looked, if it reached to the top of the channel it could be over 100. It reached 111.77 on a massive order from the government.
TG Therapeutics, Inc. (TGTX) broke out on Tuesday and ran up 2.17, or 11%, to 22.52, with an all-time and session high of 22.78, on 3.2 million shares traded. TGTX, at this point, is running. My first target is 26.
Vaxart, Inc. (VXRT) was a monster on Tuesday, particularly late in the day. It ran up 2.43, or 38%, to 8.87, on 52.6 million shares traded, and then backed off in after-hours. It went from 7.50 to the session high at 8.98. Nevertheless, it had a strong pop a week and a half ago, then had a one-week long pull-back falling wedge, filled the gap and retested, and then popped. This pop is important. Above 9 3/4, and this looks like a 14-dollar stock again.
On the long side, stocks included Altimmune, Inc. (ALT), BioCryst Pharmaceuticals, Inc. (BCRX), BiondVax Pharmaceuticals Ltd. (BVXV), CPS Technologies Corporation (CPSH), Cardiff Oncology, Inc. (CRDF), Cytokinetics, Incorporated (CYTK), Arcimoto, Inc. (FUV), Hepion Pharmaceuticals, Inc. (HEPA), Inovio Pharmaceuticals, Inc. (INO), Livongo Health, Inc. (LVGO), MOGU Inc. (MOGU), MTBC, Inc. (MTBC), NIO Inc. (NIO), Niu Technologies (NIU), Intellia Therapeutics, Inc. (NTLA), Novavax, Inc. (NVAX), Overstock.com, Inc. (OSTK), Origin Agritech Limited (SEED), TG Therapeutics, Inc. (TGTX), VBI Vaccines Inc. (VBIV), and Vaxart, Inc. (VXRT).