Akari Therapeutics, Plc (AKTX)
AKTX soared 224.18%, up 4.08 to 5.90 on Wednesday, on 81 million shares and in after hours it’s up nearly a dollar or 16%. This stock may have a follow-through session. If you take a look at the way this stock closed at the upper end of the range on 81 million shares, it would not shock me to see 8, 9, or even 10 in the next day or two.
Cara Therapeutics, Inc. (CARA)
CARA exploded out of a consolidation, wedge-type pattern on Wednesday, and went out through resistance at about the 19 range, closing up 2.05, or 12%, to 19.48, on 3.5 million shares. That’s really good volume for that stock. It’s the best we’ve seem since June, which leads me to believe that 21, 22, even higher than that could be targets. Let’s say 21 and 24 are the targets going forward. Clean Energy Fuels Corp. (CLNE) bounced 65 cents, or 29%, to 2.92, with a huge volume of 8.4 million shares on Wednesday, the largest volume since May or June of last year. This could trigger another big move. I’m looking for this stock to test and take out the 3.10-3.15 range. If it does, the target is 3.50-4.00.
Denali Therapeutics Inc. (DNLI)
DNLI took out multiple tops on Wednesday with a pop of 2.17, or 10%, to 24.38, on 1.2 million shares. It looks to me like it could extend. A test of the old highs may be in order at 25 3/4. It might get there on Thursday.
Nabriva Therapeutics plc (NBRV)
NBRV broke out of an inverse head-and-shoulders on Wednesday, with a kind of extended platform with a pop of 38 cents, or 15.64%, to 2.81, on 1.7 million shares. Going forward, targets are 3 1/4-1/2 and 4 1/2.
Vera Bradley, Inc. (VRA)
VRA with a big breakaway move on earnings on Wednesday, got up to resistance tells most of it. It was up 2.44, or 21.82%, to 13.62, on 3.2 million shares. It was a significant day on volume. There’s resistance here. I would like to see it back and fill. My next target is 16, followed by 17 1/2-18
Stocks on the long side
Aurora Cannabis Inc. (ACB), Akari Therapeutics, Plc (AKTX), Axsome Therapeutics, Inc. (AXSM), Cara Therapeutics, Inc. (CARA), Clean Energy Fuels Corp. (CLNE), Conatus Pharmaceuticals Inc. (CNAT), California Resources Corporation (CRC), Denali Therapeutics Inc. (DNLI), Everi Holdings Inc. (EVRI), Exelixis, Inc. (EXEL), Fluidigm Corporation (FLDM), Guardant Health, Inc. (GH), Jounce Therapeutics, Inc. (JNCE), Lexicon Pharmaceuticals, Inc. (LXRX), Momo Inc. (MOMO), Nabriva Therapeutics plc (NBRV), Natera, Inc. (NTRA), NVIDIA Corporation (NASDAQ:NVDA), Puma Biotechnology, Inc. (PBYI), Quantenna Communications, Inc. (QTNA), Pareteum Corporation (TEUM), Vera Bradley, Inc. (VRA), and YETI Holdings, Inc. (YETI).
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