Advaxis Inc. had an outstanding session on Tuesday, jumping 1 point, or 7.5%, to 14.44. It got up to just a penny from 15.00 before backing off. Volume of 1.86 million shares was the best volume on an up day in a couple of weeks. The stock is in a steep rising channel, and a follow through could get it up to 18.00 or 19.00.
Green Plains Renewable Energy Inc. is a swing-trade pick of ours that is acting well. The stock broke out of a base pattern in the second week of March, and has since been consolidating. On Tuesday, it broke out of its consolidation, up 89 cents to 28.55, as volume picked up to 1.1 million shares. The targets are 30.00 and 32.50.
Rigel Pharmaceuticals Inc. broke out a long-term downtrend on a big up gap in February. The stock retested support, popped and then recently flagged. On Tuesday, it broke out of the flag, up 22 cents to 3.57. A move above 3.75-3.90, which is where the resistance is, should set up a run to 4.25, and then 5.00.
Syneron Medical Ltd. on Tuesday, it popped 71 cents, or 6%, to 12.38 on 360,000 shares traded. That's big volume for this stock, the second-biggest volume in about four weeks. Let's see if it can extend to my targets at 13.25 and 14.50.
Spark Therapeutics Inc. a recent biotech IPO, has been steadily rising up its channel since early February, nearly doubling from just above 40.00 to Tuesday's high at 79.50. The stock, which closed Tuesday at 77.50, is now up from 65.00 in three consecutive up-sessions. The target is now 86.00-87.00.
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