Swing trade Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) is doing great, popping 1.27, or 9.34%, to 14.87, on 2.6 million shares on Monday. Its chart continues to look phenomenal. So, either it holds right there and pulls back, or it accelerates, which may very well be what’s taking place. If it ramps and starts to move up, look for 17, and then 20-21. We don’t want this stock underneath 12 1/2.
PolarityTE Inc (NASDAQ:COOL) had a nice snapback day on Monday, jumping 2.54, or 11%, to 26.08, on 911,300 shares traded off of key support. What I like about Monday is that although the volume wasn’t great, it was still up 911,300, which was extremely strong volume for this stock for the last 3-4 weeks. The 29-30 zone is key resistance. Monday’s action took it back above resistance, above the 50, and I think it’s going to follow through, and at least test 28-28.40, and maybe 30, 32-3.
Marinus Pharmaceuticals, Inc. (MRNS) popped, pulled back, formed a nice wedge, and then popped and wedged again. It ran up 58 cents, or 8.2%, to 7.65, on 1 million shares on Monday. If it does take out resistance at 8 1/4, I’m looking for 10, and then 12 to be the next target.
Uniqure NV (BE:UQ1) ran 1.38, or 3.65%, to 39.18, on 193,865 shares traded on Monday. It formed a beautiful rising channel, having gone from 5.00 to 48.00 in about a year. It doesn’t look done yet. At this point, it’s over 41. We’re looking for 46 and 52.
Stocks on the long side included Applied Optoelectronics, Inc. (AAOI), Adamis Pharmaceuticals Corporation (ADMP), Arrowhead Pharmaceuticals, Inc. (ARWR), BioLife Solutions, Inc. (BLFS), PolarityTE, Inc. (COOL), eGain Corporation (EGAN), Enphase Energy, Inc. (ENPH), New Concept Energy, Inc. (GBR), Bitcoin Investment Trust (GBTC), Intercept Pharmaceuticals, Inc. (ICPT), Innovate Biopharmaceuticals, Inc. (INNT), Marinus Pharmaceuticals, Inc. (MRNS), Neptune Technologies & Bioressources Inc. (NEPT), uniQure N.V. (QURE), Sunrun Inc. (RUN), Seattle Genetics, Inc. (SGEN), and Viking Therapeutics, Inc. (VKTX).