Clovis Oncology Inc (NASDAQ:CLVS), one of our swing trades, had a nice reversal day on Tuesday, I thought. It popped 3.64, or 6.56%, to 59.15, on 3 million shares traded, and touched the declining topsline before backing off underneath, closing under the 50. Any follow-through here could be to the 60.60-.69. Support is around 53 1/2.
Zosano Pharma Corporation (NASDAQ:ZSAN) exploded on Friday, went right up to resistance, and backed off. It was an inside day on Tuesday, but still up 61 cents, or 8%, to 8.29, on 5 million shares traded. Definitely a positive inside day and on big volume. Watch this one, because if it gets through 11 1/2, I’m looking at 14 to be the next target.
Stocks on the Short Side….
Argan, Inc. (NYSE:AGX) came down out of a wedge and formed another wedge, dropping 1.45, or 4%, to 39.10, on 468,653 shares traded. It was a reversal day on Tuesday, but I’m looking for lower levels, first at 35, and then 31.
Nutrisystem, Inc. (NASDAQ:NTRI) really got creamed on Tuesday. This is a Box Swing short that did great. On Friday, the high was 42ish, and Tuesday’s low was 28 1/2, down 8.60, or 22%, to 31.30, on 8.7 million shares traded. That’s 13 1/2 points down since Friday morning. My next target is 23.
On the long side, stocks included Atara Biotherapeutics, Inc. (NASDAQ:ATRA), AxoGen, Inc. (NASDAQ:AXGN), Cerecor Inc. (NASDAQ:CERC), Clovis Oncology Inc (NASDAQ:CLVS), Collegium Pharmaceutical, Inc. (NASDAQ:COLL), Dillard's, Inc. (NYSE:DDS), Intelsat S.A. (NYSE:I), R1 RCM Inc. (NASDAQ:RCM), Talend S.A. (NASDAQ:TLND), VelocityShares Daily 2x VIX ST ETN (NASDAQ:TVIX), ProShares Ultra VIX Short-Term Futures (NYSE:UVXY), ViewRay, Inc. (NASDAQ:VRAY), and Zosano Pharma Corporation (NASDAQ:ZSAN).
Stocks on the short side included Advanced Energy Industries, Inc. (NASDAQ:AEIS), Argan, Inc. (NYSE:AGX), Bitauto Holdings Limited (NYSE:BITA), Guess', Inc. (NYSE:GES), Heska Corporation (NASDAQ:HSKA), Lumber Liquidators Holdings, Inc. (NYSE:LL), Overstock.com, Inc. (NASDAQ:OSTK), Silicom Ltd. (NASDAQ:SILC), The Scotts Miracle-Gro Company (NYSE:SMG), Sun Hydraulics Corporation (NASDAQ:SNHY), Tesaro, Inc. (NASDAQ:TSRO), and Ultra Clean Holdings, Inc. (NASDAQ:UCTT).