ABEO: A stock I have been trading for awhile. Today it released earnings a popped on that news. Looks like a break out day. It is in an up trending channel and today broke out of the falling wedge to the upside. I'll be looking for an opportunity to enter a trade with $21.00 as the price target. Short ratio, 5.2 days to cover.
CNCE: Stock recently broke out of its base and a falling wedge pattern. Today it traded up through lateral resistance to a high of $20.25 closing at $19.90. It does have minor resistance at $21.00 and then looking for $25.00. Short ratio, 4.9 days to cover.
COLL: AS stock I have been writing about since it broke out at $12.50. It has been very strong putting in a reversal today to continue its upward move. It probably needs to consolidate for a few days in this area, but over today's high of $15.85 and I think we will see $17.00 and then $20.00. Short ratio, 22.4 days to cover. Shorts look to be getting squeezed.
DRNA: A stock I wrote about recently. It took off from $2.50 at the end of August and traded as high as $6.75. It then had an orderly retrace and in early November broke to the up side from the wedge pattern forming a pennant pattern in the $8.40 range. Today, it popped out of that pattern and traded as high as $9.69 closing at $9.40. I would look to go long over today's high with $12.00 and $16.00 as price targets. Short ratio, 3.6 days to cover.
NKTR: Stock just keeps powering higher. After my alert when it broke out at $25.00 2 weeks ago, the stock is now $43.00. It is at the top of the channel and over extended. But if the momentum continues $45/$48 and on a swing basis $55.00 is the target. Short ratio 12.7 days to cover so adding a lot of momentum to the trade.
SGMO: Stock is in a nice rising channel and currently is at the bottom of the channel. Today it broke through lateral resistance at $14.60 trading as high as $15.00 and closing at $14.65. I would look to go long over today's high with price target of $17.00 and then $19.00. Short ratio, 4.6 days to cover.