4 Stocks To Watch: ABEO, COOL, IMGN, SGMO
Harry Boxer | Aug 30, 2017 12:20AM ET
Abeona Therapeutics Inc. (NASDAQ:ABEO) had a big pop on Tuesday, popping 1.75, or 18.4%, to 11.25, on 2.8 million shares traded. It had a breakout and a thrust through the July high, and when it crossed the 10.24 area, it closed a dollar higher. At this point, I’m looking for the 14-15 range as the next target, maybe even higher. There’s 20.84 days to cover .
Swing trade ImmunoGen, Inc. (NASDAQ:IMGN) was put out on May 16 at 4.88. It reached up to 8.00, pulled back in a 3-wave corrective move, and then broke out on Tuesday, jumping 1.12, or 17%, to 7.58, on 13 million shares traded. That’s the biggest volume since January. Targets are 9 1/2 and 12 1/2. It has 5.5 days to cover .
Sangamo Therapeutics, Inc. (NASDAQ:SGMO) is also looking good. This is a swing trade from May 11 at 6.68. On Tuesday, it was up 1.30, or 11.3%, to 12.80, on 3.3 million shares traded, reaching a high of 12.90. My current targets are 11 1/2 and 13. My target going forward is 17. It had 3.6 days to cover .
On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Agnico Eagle Mines Limited (NYSE:AEM), Majesco Entertainment Company (COOL), Corcept Therapeutics Incorporated (NASDAQ:CORT), Catalent, Inc. (NYSE:CTLT), Fate Therapeutics, Inc. (NASDAQ:FATE), Amicus Therapeutics, Inc. (NASDAQ:FOLD), First Solar, Inc. (NASDAQ:FSLR), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), ImmunoGen, Inc. (IMGN), Juno Therapeutics Inc. (NASDAQ:JUNO), KEMET Corporation (NYSE:KEM), Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), Movado Group, Inc. (NYSE:MOV), Puma Biotechnology, Inc. (NASDAQ:PBYI), Sangamo Therapeutics, Inc. (NASDAQ:SGMO), Swift Transportation Company (NYSE:SWFT), Vericel Corporation (NASDAQ:VCEL), and YRC Worldwide Inc. (NASDAQ:YRCW).
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