GLBS: Stock popped out of a declining wedge formation today trading from the low $4s to a high of $7.94 closing at $6.74. If it follows the patterns from the last few spikes, they normally last 3 or 4 days. I would look to go long over today's high with $10.00 as the first target and then $13.00. It is volatile, so be careful.
HALO: Stock is in an up trending channel since holding support at $10.00. Today it popped through resistance at $14.35 (a triple top) and traded as high as $14.75. It closed at $14.68. I would look to go long this stock over $14.75 with my first price target at $17.00 and then $19.00. Huge short position, relative to volume with 18.9 days to cover. It could add a lot of momentum to the trade.
INFN: In early February this stock broke out of its long term base of $9.00 and gapped up to a high of $12.55. Since then it has made a descending wedge pattern trading down as low as $10.00. Today it popped out of that wedge and traded as high as $11.51 before closing at $11.20. I would look to go long over today's high with resistance at the recent high of $12.50. Above that we could see $14.00. Shorts, 4.6 days to cover.
INVE: This stock is in a strong up trending channel. It looks to be in the 5th wave of a 5 wave move. Today, it broke through resistance at $6.00 and traded as high as $6.88, closing at $6.75. I would look to go long over today's high with $8.00 as my first target.
KEM: A good one to keep on watch. after its run up back in December it has been consolidating. Then in early February it broke out of the consolidation pattern and started trading in the $8.00 range. From there it popped up the $11.00 range. It has made resistance at $11.75 trading up against that for the last 3 weeks. If we should see it break above $11.75, then $17.00 is the next price target.
MAGS: In late January this stock ran sharply up to $7.90. Since then it has had a sharp retracement, but down to support at $6.25. The last two weeks it has broken above the descending tops line and today moved strongly up. It traded as high as $7.68 closing at $7.53. It needs to break above $7.90 with $9.00 as my price target.
MCRB: Huge move on this stock today on news. It traded up as high as $13.32 today closing at $12.71. I would look to go long over today's high with $13.75 and $15.00 as my near term targets. Shorts 16.5 days to cover, so could add a lot of momentum to the trade.
OCUL: Stock traded up to resistance on the declining tops line trading as high as $10.07. You can look to scalp it above $10.07 as the next resistance is $10.50. If it can get through that level then $12.00 is the next resistance level. Shorts 4.2 days to cover.
SALT: Shipping stock that I alerted at $8.00 traded as high as $9.15 today. It looks like it wants to head to $10.00 and then $12.00.
UCTT: Junior semiconductor stock that is in a strong uptrend. At the end of last month it gapped up and traded at the upper range of the channel. Then it made an orderly correction. On Friday it broke out of that down channel and today traded strongly through the previous high of $14.95. The stock traded up to $15.30 before closing at $15.09. I would look to go long over today's high with a price target of $17.00.
Hey bob just curious as to where you got your 17 price target on HALO?
It is an area of resitance from late 2015
@Turbobob Did you enter in HALO?
In the morning. $14.80 to $15.10
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