FORBES; Four Stocks Moving Higher
Dec 15, 2016 1:03:33 GMT
miamianne67, drangled, and 3 more like this
Post by Deleted on Dec 15, 2016 1:03:33 GMT
Four Stocks Moving Higher
Dec 14, 2016 @ 11:58 AM
Emergent BioSolutions (EBS), which had a big breakaway gap Friday on a contract announcement, had a positive inside day on Monday, and then popped 74 cents to $34.21 on Tuesday, edging above lateral resistance. The stock has been in a 5-month sideways pattern after its big drop in June, rangebound between around $25 and $34. Watch for a move next to $37, and then possibly the low $40's. Short interest of 10 times its average volume could accelerate price as shorts cover on an upmove.
screen-shot-2016-12-14-at-8-47-55-am
Opko Health (OPK) may be coming out of a long-term head-and-shoulders basing pattern. It traded a combined 13 million shares in the last two sessions, popping above lateral resistance on Monday and following through on Tuesday. Watch for a move next to $13, followed by $15 and then $17 potentially. It has huge short interest of 18.6 times its average volume, which could fuel the rally on a short squeeze.
Terex Corp. (TEX) rallied intraday Tuesday off a low of $30.46 to close at $33.05, up $2.80, or 9.3%, on 4.15 million shares traded. That’s the highest close on this stock going back to September 2014. The stock is near the channel top and lateral resistance, and a move through here could get it to $38 next.
Western Digital (WDC) popped $1.61 to $67.90 on 3.5 million shares Tuesday. The stock, which has been climbing off its November low at the channel bottom above $54, popped last week and is now in a mini flag. A move through $69.50 would break it out of the flag, with a target in the mid-to-high $70's.
Dec 14, 2016 @ 11:58 AM
Emergent BioSolutions (EBS), which had a big breakaway gap Friday on a contract announcement, had a positive inside day on Monday, and then popped 74 cents to $34.21 on Tuesday, edging above lateral resistance. The stock has been in a 5-month sideways pattern after its big drop in June, rangebound between around $25 and $34. Watch for a move next to $37, and then possibly the low $40's. Short interest of 10 times its average volume could accelerate price as shorts cover on an upmove.
screen-shot-2016-12-14-at-8-47-55-am
Opko Health (OPK) may be coming out of a long-term head-and-shoulders basing pattern. It traded a combined 13 million shares in the last two sessions, popping above lateral resistance on Monday and following through on Tuesday. Watch for a move next to $13, followed by $15 and then $17 potentially. It has huge short interest of 18.6 times its average volume, which could fuel the rally on a short squeeze.
Terex Corp. (TEX) rallied intraday Tuesday off a low of $30.46 to close at $33.05, up $2.80, or 9.3%, on 4.15 million shares traded. That’s the highest close on this stock going back to September 2014. The stock is near the channel top and lateral resistance, and a move through here could get it to $38 next.
Western Digital (WDC) popped $1.61 to $67.90 on 3.5 million shares Tuesday. The stock, which has been climbing off its November low at the channel bottom above $54, popped last week and is now in a mini flag. A move through $69.50 would break it out of the flag, with a target in the mid-to-high $70's.
