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4 Stocks To Watch: BLUE, CLVS, EXEL, WIFI

Published 03/16/2017, 01:03 AM
Updated 07/09/2023, 06:31 AM
NTRI
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X
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HOG
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BLDR
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CLVSQ
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COHU
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GSIT
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GOGL
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WIFI
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SUPN
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EXEL
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GDXJ
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BLUE
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TGTX
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NETI
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DARE
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JNUG
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CC
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TDOC
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LABU
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VRAYQ
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bluebird bio, Inc. (NASDAQ:BLUE) has had beautiful action in the past week. It’s been up 6 days in a row. After the spike-up to the target zone at 95, it pulled back to test support around 80, and on Wednesday, it spiked up 5.85, or 6.4%, to 97.85, on 1.2 million shares traded, closing about a point off the high. It looks like it wants to go higher. The target now is in the 107-8 range. It has 10.22 days to cover .

Clovis Oncology Inc (NASDAQ:CLVS) had another good day on Wednesday, popping 4.98, or 7.4%, to 71.93, on 5.5 million shares traded. It had two good days on volume in a row. Once it got through the big consolidation zone, held the 50 and the trendline, you could see it pop. My target was 75 and it reached 73.81. If it gets through that, the next targets are 85 and 100. This stock looks like it’s headed much higher.

Exelixis, Inc. (NASDAQ:EXEL) looks like it popped out of a wedge on Wednesday, and jumped 1.06, or 4.88, to 22.80, on 4.9 million shares traded. It appears to be ready to make a move that takes out 23 1/2, and then it will move up to 25, and 28.

Boingo Wireless, Inc. (NASDAQ:WIFI) had another good day on Wednesday, following through the multiple tops, and bouncing 34 cents, or 2.78%, to 12.56, on 574,901 shares traded. I think it will head up to 13 1/4 short-term, and then 15-15 1/2 intermediate-term.

Stocks on the long side included Builders FirstSource Inc (NASDAQ:BLDR), bluebird bio, Inc. (BLUE), The Chemours Company (NYSE:CC), Cerulean Pharma Inc. (NASDAQ:CERU), Clovis Oncology Inc (NASDAQ:CLVS), Cohu, Inc. (NASDAQ:COHU), Exelixis, Inc. (NASDAQ:EXEL), VanEck Vectors Junior Gold Miners (NYSE:GDXJ), Direxion Daily Jr Gld Mnrs Bull 3X ETF (NYSE:JNUG), Golden Ocean Group Limited (NASDAQ:GOGL), GSI Technology, Inc. (NASDAQ:GSIT), Harley-Davidson, Inc. (NYSE:HOG), Direxion Daily S&P Biotech Bull 3X ETF (NYSE:LABU), Nutrisystem, Inc. (NASDAQ:NTRI), Scorpio Bulkers Inc. (NYSE:SALT), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), Teladoc, Inc. (NYSE:TDOC), TG Therapeutics, Inc. (NASDAQ:TGTX), ViewRay, Inc. (NASDAQ:VRAY), Boingo Wireless, Inc. (NASDAQ:WIFI), United States Steel Corp. (NYSE:X).

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