Here are six movers to keep your eye on from Harry Boxer of TheTechTrader.com.
AbbVie Inc. (ABBV), a biopharma research company, had a nice pop on Tuesday after on 22 million shares traded. That is the biggest volume in quite a while. There is a short-term peak at resistance. It is either going to pull back or blow through it to the $96 to $98 range.
Fastly, Inc. (FSLY), a provider of edge cloud platform, formed a V-bottom in mid-March, then a right hand extension, broke out with a breakaway gap. On Tuesday, it advanced $2.78 (8%), to $37.10, with a multi-week and session high of $38.98, on 6.7 million shares traded. I don’t know if it’s ready to pull back, but you may see low to mid 40’s before it is.
Green Dot Corporation (GDOT) financial technology popped, ran, and settled on an increase of 4.14, or 13.5%, to $34.84, with a session high of $36.52, on a solid 1.7 million shares traded. Watch the spike high at $39.75, which is my next target.
Protagonist Therapeutics, Inc. (PTGX) popped out of a one-day pullback on Tuesday, adding another $1.37 (9.36%), to $16, with a multi-week and session high of $17.33, on 3.6 million shares traded and an additional 30¢ in after-hours. It is not as steady, and it’s at resistance. If it gets through here, the next target is $23.50.
Sientra, Inc. (SIEN), a medical aesthetics, company, popped out a base on Tuesday. It didn’t finish great, but it still gained 32.5¢, (0.5%) to $2.74, with a high of $3.31, on 8.4 million shares traded. The next target is $4.40.
United Natural Foods, Inc. (UNFI) broke out of a wedge on Tuesday, and moved up $2.83 (22%) to $15.51, after reaching a multi-week and session high of $16.70 on 4.6 million shares traded.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations. Try Harry's Live Trading Room Free for 15 Days (no credit card required for first-time registrations).
