Five9, Inc. (NASDAQ:FIVN) has been one of my favorite stocks and on my Top 25 list all year. It formed a base, broke out in Dec, and stair-stepped its way up in a beautiful rising channel. On Thursday, it popped 1.05, or 5%, to 22.04, on 1 million shares traded and out across key resistance. My target is 29-30
Impax Laboratories Inc. (NASDAQ:IPXL) looks good and I still like this pattern. It looks like a right-handed, extended-V platform, formed a wedge, broke out, and followed through on Thursday, gaining 50 cents, or 3%, to 17.05, on 4.2 million shares traded. It could make it to 21 eventually, and then 28. I’m looking for a pullback opportunity on this one. It has 4.2 days to cover .
Stocks on the Short Side….
Dillard's, Inc. (NYSE:DDS), a retail stock, is looking ugly, and the rising wedge got slammed, dropping was 10.13, or 17 1/2%, to 47.77, on 5.5 million shares traded on Thursday. If it doesn’t pull the support, I’m looking for high 30’s in the 38-40 range as the next target.
Ralph Lauren Corporation (NYSE:RL) is another ugly retail stock. That big 3-month bear flag or consolidation looks like it may have been broken. On Thursday, it dropped 3.84, or 5%, to 79.23, on 2 million shares traded. If it drops below this level, I’m looking for 71, or another 8 points down.
Stocks on the long side included Asure Software, Inc. (NASDAQ:ASUR), Baozun Inc. (NASDAQ:BZUN), Calithera Biosciences, Inc. (NASDAQ:CALA), Calpine Corporation (NYSE:CPN), Care.com, Inc. (NYSE:CRCM), 3D Systems Corporation (NYSE:DDD), Five9, Inc. (FIVN), Immunomedics, Inc. (NASDAQ:IMMU), Impax Laboratories Inc. (NASDAQ:IPXL), KEMET Corporation (NYSE:KEM), LivePerson, Inc. (NASDAQ:LPSN), Medidata Solutions, Inc. (NASDAQ:MDSO), Match Group, Inc. (NASDAQ:MTCH), NVIDIA Corporation (NASDAQ:NVDA), Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX), Sangamo Therapeutics, Inc. (NASDAQ:SGMO), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), Tellurian Inc. (NASDAQ:TELL), Valeant Pharmaceuticals (NYSE:VRX) International, Inc. (NYSE:VRX), and The ExOne Company (NASDAQ:XONE).
On the short side, stocks included Allegiant Travel Company (NASDAQ:ALGT), CAMPING WORLD HOLDINGS, INC. (NYSE:CWH), CyberOptics Corporation (NASDAQ:CYBE), Dillard's, Inc. (NYSE:DDS), Dollar General Corporation (NYSE:DG), DineEquity, Inc. (NYSE:DIN), Express Scripts Holding Company (NASDAQ:ESRX), Fossil Group, Inc. (NASDAQ:FOSL), Inphi Corporation (NYSE:IPHI), MSC Industrial Direct Co., Inc. (NYSE:MSM), National Retail Properties, Inc. (NYSE:NNN), Ryder System, Inc. (NYSE:R), Ralph Lauren Corporation (NYSE:RL), Signet Jewelers Limited (NYSE:SIG), Simon Property Group, Inc. (NYSE:SPG), Target Corporation (NYSE:TGT), Ubiquiti Networks, Inc. (NASDAQ:UBNT), United Parcel Service, Inc. (NYSE:UPS), and Veritiv Corporation (NYSE:VRTV).