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Celsius Holdings, Inc. (CELH) had a big day on Thursday, and we were fortunate enough to put a swing on it as it was breaking out. It moved up 7.19, or 29.03%, to 31.96, with a session high of 32.75, on a huge 7 million shares traded. Looking at the overall chart pattern, the mid-channel target now has to be in the low-40’s. I think I said the next target will be 39-40.
Fulgent Genetics, Inc. (FLGT) exploded on Thursday with a really nice pop of 5.70, or 17.4%, to 38.45, with a session high of 40.67, on 2.85 million shares traded. That’s the biggest volume we have seen in six to eight weeks. It is bringing back up to the declining topsline right there. If it can get through that, we may see this stock in the mid-50’s short-term.
Electrameccanica Vehicles Corp. (SOLO) exploded 1.06, or 28.12%, to 4.83, from 3.70 to a session high of 5.21, on 39.3 million shares traded. A test of the highs at 5.90 is in order.
Scholar Rock Holding Corporation (SRRK) continues in the rising channel that we have been showing you. After pulling back for a few days in what looks like a wedgie-type pattern, it popped out on Thursday. It was up 3.59, or 8.59%, to 46.00, with a session high of 47.30, on 1.5 million shares traded and another 50 cents in after-hours taking it to 46.50. It is testing resistance in the 47.50-48.00 zone. My next target is 52.00.
ShockWave Medical, Inc. (SWAV), one of our long-term swings, has been phenomenal since it ran from the low-20’s to Thursday’s high at 91.50. It was up 1.68, or 2%, to 90.48, on 637,265 shares traded. It’s near the top of the channel so it’s overbought short-term.
On the long side, stocks included Allied Healthcare Products, Inc. (AHPI), Atara Biotherapeutics, Inc. (ATRA), AXT, Inc. (AXTI), CBAK Energy Technology, Inc. (CBAT), Celsius Holdings, Inc. (CELH), Clean Energy Fuels Corp. (CLNE), Co-Diagnostics, Inc. (CODX), CureVac N.V. (CVAC), Fulgent Genetics, Inc. (FLGT), Five Prime Therapeutics, Inc. (FPRX), Fisker Inc. (FSR), Grayscale Bitcoin Trust (BTC) (GBTC), GrowGeneration Corp. (GRWG), Inspired Entertainment, Inc. (INSE), Li Auto Inc. (LI), Moderna, Inc. (MRNA), NIO Inc. (NIO), Niu Technologies (NIU), Plug Power Inc. (PLUG), ReneSola Ltd (SOL), Electrameccanica Vehicles Corp. (SOLO), Scholar Rock Holding Corporation (SRRK), ShockWave Medical, Inc. (SWAV), Utz Brands, Inc. (UTZ), ViewRay, Inc. (VRAY), XPEL, Inc. (XPEL), and XPeng Inc. (XPEV).