4 Stocks: CORT, FSLR, JUNO, NVM
Harry Boxer | Oct 24, 2017 12:24AM ET
Corcept Therapeutics Incorporated (NASDAQ:CORT) has been great since it broke out in August, going from 13 to 21, and change, it pulled back, coiled or wedged, and on Monday, it popped out of the wedge and ran up 70 cents, or 3.8%, to 19.09, on 1.65 million shares traded, reaching as high as 19.53 earlier in the day. That’s a good day for a lousy market. If the market cooperates it may get to 22, and then 24. It has 3.5 days to cover .
Juno Therapeutics Inc. (NASDAQ:JUNO) popped on Monday, gaining 1.42, or 3.25%, to 45.13, on 2.8 million shares traded, but then it backed off, and might still be in the confines of a coil. It still has to follow through. If it gets to 49, it might get to 56-7. Those are my targets.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) bounced 82 cents, or 2.7%, to 30.86, on 218,355 shares traded on Monday, and is right at resistance. It has a triple-top. If it gets through here, I’m looking at 35 as the next target, and maybe even 40 if the market cooperates.
On the long side, stocks included CAI International, Inc. (NYSE:CAI), Corcept Therapeutics Incorporated (CORT), Cryoport, Inc. (NASDAQ:CYRX), Electro Scientific Industries, Inc. (NASDAQ:ESIO), First Solar, Inc. (NASDAQ:FSLR), Juno Therapeutics Inc. (JUNO), KalVista Pharmaceuticals, Inc. (NASDAQ:KALV), Lumentum Holdings Inc. (NASDAQ:LITE), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), PetMed Express, Inc. (NASDAQ:PETS), Riot Blockchain, Inc. (NASDAQ:RIOT), Scorpio Bulkers Inc. (NYSE:SALT), SenesTech, Inc. (NASDAQ:SNES), Seagate Technology plc (NASDAQ:STX), and Veritone, Inc. (NASDAQ:VERI).
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