It was a big day on Wall Street on Tuesday. It was a rip-roaring session, to say the least. A lot of stocks ran, and it was a difficult day to choose what stocks I wanted to highlight and a few that you may not have heard of, but I do at least want to show you some of the ideas and trends that are in place right now.
AMD broke out of a base, consolidated, and then ran up sharply. It looks like a mini, five-wave advance. On Tuesday, it popped 1.99, or 7.22%, to 29.59, on 105 million shares. So, it might be getting near the end of it. A quick target is 12 1/2. If it gets extended, this could be a 16-dollar stock.
APPS exploded on Tuesday, popping 61 cents, or 16 1/2%, to 4.29, on 16.3 million shares. It looks like it’s going to hit the 6.00 target. My targets right now for APP are 5 1/4-6, and maybe 6 3/4 down the road. It has a beautiful long-term chart. You can see the ramp up in Sept when it was 1.20 and now it’s 4.29.
CFMS, one of our swing trades is doing great. It broke out of a coiling-type consolidation and is running now for five days in a row. On Tuesday, it popped 37 cents, or 10%, to 4.06, on 5.7 million shares. I’m looking for an extension up to 53/4. The volume was big at 5.7 million shares.
KL one of the best gold stocks in the world right now, and my favorite for quite some time, has gone from 5.00 31/2 years ago, and now it’s 37, and change, more than a seven-fold increase. On Tuesday, it ran 1.31, or 3.6%, to 37.69, on 2.8 million shares. It looks like it’s headed to the mid-’40s.
QURE a leading gene therapy company, had a big day on Tuesday, with a pop of 6.10, or 9.44%, to 70.74, on 2.5 million shares. I think this stock exploded and has broken out of the March double top. You may start to see a ramp up that takes it above a hundred dollars. But, for now, the target is 80-85.
WNDW exploded on Monday and had a big follow-through on Tuesday, reaching 4.35, but finished at 3.77, up 64 cents, or 20%, on 391,769 shares traded. My targets, now, are a test of 4 3/4, and then eventually 6-6 1/4.
Adverum Biotechnologies, Inc. (ADVM), Advanced Micro Devices, Inc. (AMD), Digital Turbine, Inc. (APPS), Conformis, Inc. (CFMS), JinkoSolar Holding Co., Ltd. (JKS), Kirkland Lake Gold Ltd. (KL), MiMedx Group, Inc. (MDXG), Orion Energy Systems, Inc (OESX), Predictive Technology Group, Inc. (PRED), uniQure N.V. (QURE), Snap Inc. (NYSE:SNAP), Soliton, Inc. (SOLY), The Trade Desk, Inc. (TTD), and SolarWindow Technologies, Inc. (WNDW).
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