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Intercept Pharmaceuticals, Inc. (ICPT) has been forming a nice base, it broke out and tested the last spike high in October at 75.90, closing up 5.85, or 8.45%, to 75.09, on 1.4 million shares on Tuesday. If it gets through 75.90, it’s going to explode here. There’s not a lot of resistance all the way through 85.00. Keep tabs on this one because it could run another 8-10 points.
uniQure (QURE), which I highlighted on Monday, broke out of the wedge on Tuesday, jumping 1.46, or 5.7%, to 27.03, on 299,799 shares traded and tested the 27.19 high from 6-7 weeks ago. If it gets through 27.10, my targets are 31 and 35.
Viking Therapeutics, Inc. (VKTX) gained 20 cents, or 4.26, to 4.90, on 654,312 shares traded on Tuesday. The declining topsline was pierced slightly on Tuesday on low volume. If it can get through the 4.90 range, it could see 6.00, or more pretty quickly.
Xencor, Inc. (XNCR) popped out on Tuesday, jumping 1.78, or 6.37%, to 30.19, on 310,405 shares traded. If it takes 32 1/2 out, it could run to 34 1/2, and then the highs 30’s.
Stocks on the long side included Abeona Therapeutics Inc. (ABEO), Atara Biotherapeutics, Inc. (ATRA), Audentes Therapeutics, Inc. (BOLD), Clovis Oncology, Inc. (CLVS), California Resources Corporation (CRC), Etsy, Inc. (ETSY), Intelsat S.A. (I), Intercept Pharmaceuticals, Inc. (ICPT), Adesto Technologies Corporation (IOTS), Direxion Daily S&P Biotech Bull 3X ETF (LABU), uniQure (QURE), REGENXBIO Inc. (RGNX Spectrum Pharmaceuticals, Inc. (SPPI), Tandem Diabetes Care, Inc. (TNDM), Urogen Pharma Ltd. (URGN), VelocityShares 3x Lng Crude Oil ETN New (UWT), Vericel Corporation (VCEL), Viking Therapeutics, Inc. (VKTX), ViewRay, Inc. (VRAY), and Xencor, Inc. (XNCR).
On the short side, stocks included Tupperware Brands Corporation (TUP), YY Inc. (YY), and LendingTree, Inc. (TREE).