ACMR: Huge spike today for this recent IPO. After double bottoming at $4.75 and then working its way to $7.50, the stock exploded and traded as high as $13.19 closing at $11.00. I will be watching for an entry level as I would be surprised if this is the one day wonder. I will be looking for a move to the mid teens.
BZUN: Stock exploded out of a 6 month basing pattern and traded as high as $48.75 before closing at $48.21 on a good report that was released. Depending how the markets are in the morning this stock has room to move. The top of the channel is around $58.00.
CLSD: After a strong earnings report the stock gapped up to $13.00 but then closed at the low end of its trading day. Today, it retraced that gain and we called it in our room to go long at $11.00. Stock traded back up to $13.35 before closing at $12.95. I would look to go long over $13.35 with $17.00 as the price target. Short ratio 15.7 days to cover so could add good momentum to the trade.
CRON: Israeli pot stock has broken the neck line of a reverse head and shoulders pattern. In general, this is a strong sector right now and this stock looks like it it wants to go higher. My price target is $12.00.
ECYT: A profitable trade for us today in the trading room. Stock broke through lateral resistance and traded as high as $7.36 closing at $7.04. It is in a tight rising channel. I would look for a price target of $8.00 and then $9.00.
EVBG: Stock broke through lateral resistance today at $35.00 closing at $35.18. If the momentum continues then $38.00 is the price target.
FANH: Chinese insurance broker with a very strong rising channel chart pattern. It is right near resistance of $34.00 (closing at $33.40). It looks like if it can get through $34.00 it could trade quickly to the top of the channel at $38.00.
NTNX: Stock I have been writing about recently. It has broken out of the up trending channel and the last 3 days has been up very strong trading as high as $44.50 today closing at $44.13. Price target $47.00 and then $52.00. Short ratio 4.9 days to cover.
XNCR: Stock recently broke out of a large base building pattern popping yesterday to $32.50. Today was an inside day closing at $31.82. Watch for a break above the former high with $40.00 as the price target. Short ratio 14.6 days to cover look for a possible squeeze to continue.