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BioNTech (BNTX) broke out on Monday on high volume, and on Tuesday it had a solid inside day, gaining another 7.96, or 7.6%, to 112.76, with a session high of 113.40 from a low of 106.21, on 8 million shares traded. I think this stock will move even higher. I am looking at 125.00 and 140.00 as targets going forward.
The Chefs' Warehouse, Inc. (CHEF), after the big plunge in March like many stocks, rallied back and spent the last six months consolidating. It appears the three-wave corrective pullback, V-bottom, and platform resulted in a breakaway gap on Monday, and had a nice follow-through of Tuesday of 1.84, or 9.2%, to 21.90, with a session high of 22.01, on a solid 2.6 million shares traded. More importantly, it closed at the highest level since March. It may extend, initially, to retest 24 plus.
General Motors Company (GM) has been solid since March, and on Tuesday it popped 2.12, or 5.44%, to 41.08, with a session high of 41.59, on 25.7 million shares traded and an additional 82 cents to 41.93 in after-hours. Very impressive. Is it at the top of the channel? Yes. But momentum could carry this to the mid-40’s to 45.
Tupperware Brands Corporation (TUP) had a tough day on Monday, but it rebounded nicely with a move up nicely on Tuesday with a gain of 1.25, or 4.6%, to 28.48, and a session high of 28.98, on 1.3 million shares traded, and another 64 cents to 29.12 in after-hours. So, now, with gap support and Tuesday’s low being support, I don’t want this under 25.50. If it can get up to the 33-35 range, this stock could really get running.
U.S. Concrete, Inc. (USCR) on Tuesday extended 1.19, or 3.31%, to 37.10, with a session high of 38.45, on 292,788 shares traded. This is dramatically higher than the 7-dollar range in March. At least five-fold, but it doesn’t look done yet. It has a target of 41-42.
On the long side, stocks included Aptevo Therapeutics Inc. (APVO), BioNTech (BNTX), The Chefs' Warehouse, Inc. (CHEF), CureVac N.V. (CVAC), Community Health Systems, Inc. (CYH), dbvt, Denali Therapeutics Inc. (DNLI), Five Prime Therapeutics, Inc. (FPRX), fuboTV Inc. (FUBO), General Motors Company (GM), Granite Construction Incorporated (GVA), Nordstrom, Inc. (JWN), Luna Innovations Incorporated (LUNA), NantKwest, Inc. (NK), Nano-X Imaging Ltd. (NNOX), OncoSec Medical Incorporated (ONCS), Oncternal Therapeutics, Inc. (ONCT), OptimizeRx Corporation (OPRX), Sientra, Inc. (SIEN), Spirit AeroSystems Holdings, Inc. (SPR), Superior Industries International, Inc. (SUP), Team, Inc. (TISI), Tupperware Brands Corporation (TUP), U.S. Concrete, Inc. (USCR), Western Midstream Partners, LP (WES), Summit Wireless Technologies, Inc. (WISA), Xperi Holding Corporation (XPER).