AGYS, CSII, ONTY, RPTP - Stock Charts to Watch
The market is still getting downside pressure, but we’re following stocks that still look pretty good. In fact, some are breaking out, and some are consolidating bullishly, so we’re going to take a look at a few of them.
Agilysys Inc. (AGYS) has been consolidating beautifully after a huge run up and a big price-volume surge at the end of May. It extended, pulled back for a couple days, and then popped. Now it’s coiling, or consolidating, right underneath the 8.18-20 zone. If it breaks through that look for a quick pop to 9.00 plus, and beyond that don’t be shocked to see this stock move into the low teens.
Cardiovascular Systems Inc. (CSII) has been in a channel for the last year moving up from about the 3-3 1/4 zone to 16, which is more than quadrupling. The big move came in May when it popped, paused, backed off to retest, and then reversed, and from there went straight up into the 15 1/2-3/4 range, and then pulled back over the last week. It snapped back Tuesday and followed through on Wednesday. It looks like it’s breaking out and looking for a move up to retest that 15 3/4 range. If it gets through that you could see a 17.00 stock, or better, on CSII.
Oncothyreon Inc (ONTY) has been stair-stepping its way ever since April. It flagged, popped, pulled back, popped and flagged, popped and flagged, and then popped again. Wednesday it had another pop, up 36 cents to 6.51, or 5.85%, on 1.2 million shares. That’s the highest volume in the last couple weeks. Looks like it may be headed up toward the short-term target at 7 3/4.
Raptor Pharmaceuticals Corp. (RPTP) continues to look great after popping in early May, pulling back, and then exploding in mid May on heavy volume. This stock moved higher, formed a little bit of a wedge, and broke out of the wedge to move up even higher. The short-term target of 7 1/4 may be met very shortly.
Other stocks in our Charts for the Day are ADA-ES, Inc. (ADES), Ariad Pharmaceuticals Inc. (ARIA), Accelr8 Technology Corp. (AXK), Majesco Entertainment Co. (COOL), DUSA Pharmaceuticals Inc. (DUSA), GTX Inc. (GTXI), Coffee Holding Co.Inc. (JVA), Rockwell Medical Technologies Inc. (RMTI).