Semiconductors (SMH) are trading right at there all time highs all time high. NDX made a nominal new high and SPX is only 10 points away. Not rally a bearish scenario so don't fight the trend. Biotechs (LABU and BIB) are very strong in here. It looks like they will lead the markets higher. Gold also continues to be strong. I would say that the bull market in gold has started. ETFs to follow for that are GDXJ, GDX, NUGT and JNUG. Gold stocks to trade NEM and RGLD.
ABEO: After making a double top last week it had a bullish inside day on Friday. If this stock can get over $14.25 I can see it trading $17.50 very quickly. Short ratio (recently updated) 10.8 days to cover so on a break out could add a lot of momentum to the trade.
BLFS: Stock broke out of its base of $2.40 area in July and doubled in price to $5.10. It then corrected sharply and has been trending up since. On Friday it traded as high as $5.03 closing at $4.86. If this can break through $5.10 then $6.50 is the target.
CENX: An aluminum stock probably reacting to hurricane Harvey. But it traded up through lateral resistance on Friday trading as high as $20.63 closing at $20.56. I think we see this stock, on the short term at $23.50. Short ratio, 4.4 days to cover.
CORT: Stock has a strong chart and continues to trade strong. It did make a double top on Friday trading as high as $17.07 closing at $16.80. If it can trade through $17.10 with conviction $19.00 is the price target. Short ratio, 6.1 days to cover.
CRBP: Last week it broke out of its basing pattern and traded as high as $7.90. The last two days have been inside days. It needs to get through $8.00 with $8.50 and $10.00 as targets. Short ratio, 17 days to cover puts this stock high on my list to watch for a move.
CYRX: Such a strong up trend since it broke out above the $4.00 resistance level. It is in a strong up trending channel and last week it broke through a descending tops line right at the longer term up trending channel line. It traded up to lateral resistance on Friday at $7.90 closing at $7.89. Through $8.30 and $10.00 is the target.
IPXL: Huge move last Thursday at the stock broke through lateral resistance and traded as high as $22.20. Friday was an inside day making a double top and closing at $21.45. I would look to go long over $22.20 with $27.00 as the price target. Short ratio, 3.8 days to cover.
RXDX: Stock broke out of a wedge formation on Thursday and Friday made a nominal new high at $12.10 closing at $11.75. It needs to get through $12.50. But if it can then $16.00 is the price target. Short ratio, 5.2 days to cover.
TGTX: Interesting chart after it gapped up as high as $15.00 back in March and then has been consolidating sideways since. It has strong resistance at $12.75/$13.00. A break through that level and we could see it back at the spike high of $15.00 and them $18.00 Short ratio, 15.4 days to cover so could add momentum to the trade.