Harry Boxer's Charts of the Day stock chart videos are available nightly to members of TheTechTrader. Members please login and see Charts of the Day in the "Videos" menu dropdown.
Clovis Oncology, Inc. (CLVS) broke out of a wedge or coil on Tuesday, exploded from 5.52 to 6.53, and finished up 87 cents, or 15.7%, to 6.51, on 11.8 million shares traded. It is looking like a breakout day, but resistance is right there. If it gets through that, look for the 7.98 range going forward.
Dynavax Technologies Corporation (DVAX) was also coming out of a 5-wave decline on Tuesday. It popped 55 cents, or 12%, to 5.19, with a session high of 5.22, on 5.4 million shares traded. There is going to be double resistance up near the 5.96 zone. If it can push through that, you are looking at 7 1/2.
Seres Therapeutics, Inc. (MCRB) finally popped out of that long coil on an engulfing-reversal day on Tuesday and jumped 2.40, or 7.5%, to 34.25, with a session high of 34.33, on 784,970 shares traded. That was solid volume but nothing great. Right now, the way this closed at the high for the day, I wouldn’t be surprised to see this run into the high 30’s quickly.
Pacific Biosciences of California, Inc. (PACB) has been a monster, almost vertical, going from 3.30 to 14.00 just in the last couple months. On Tuesday it moved up 83 cents, or 6.3%, to 13.95, with a session high of 14.01, on 6.4 million shares traded. I don’t see any stopping it here, but it’s long in the tooth.
ZOOM Technologies, Inc. (ZOOM) has made the highest close in its history on Tuesday as it broke out of a coil and ran 27.25, or 5.5%, to 518.79, with a session high of 519.99, on 8.8 million shares traded, and then moved up in after-hours another 1.21 to 520.00. It may very well run to 600.00 right here.
On the long side, stocks included BiondVax Pharmaceuticals Ltd. (BVXV), Clovis Oncology, Inc. (CLVS), Dynavax Technologies Corporation (DVAX), Enlivex Therapeutics Ltd. (ENLV), Evogene Ltd. (EVGN), Evoke Pharma, Inc. (EVOK), ImmunoGen, Inc. (IMGN), Jumia Technologies AG (JMIA), Kirkland's, Inc. (KIRK), Seres Therapeutics, Inc. (MCRB), Medigus Ltd. (MDGS), Allscripts Healthcare Solutions, Inc. (MDRX), MoneyGram International, Inc. (MGI), Magnite, Inc. (MGNI), NantKwest, Inc. (NK), Novavax, Inc. (NVAX), OptimizeRx Corporation (OPRX), Catasys, Inc. (OTRK), Pacific Biosciences of California, Inc. (PACB), Pacific Ethanol, Inc. (PEIX), Purple Innovation, Inc. (PRPL), ReneSola Ltd (SOL), TRACON Pharmaceuticals, Inc. (TCON), Tandem Diabetes Care, Inc. (TNDM), Unisys Corporation (UIS), and ZOOM Technologies, Inc. (ZOOM).