AUXL, FSLR, KORS, TRIP - Stock Charts to Watch
It was a big day on Wall Street on Tuesday. A late surge broke the indices back out again, and truly may have been the beginning of a summer rally. Some stocks have acted very well on Tuesday, and have important moves, so we’ll take a look at some of those.
Auxilium Pharmaceuticals Inc. (AUXL) was acting very well on Tuesday, up 1.40 to 22.70, or 6.57%, on 1.6 million shares. It broke out of the declining channel from March, April, and May, popped, pulled back, popped, pulled back again, and then exploded through the January and March highs. It looks like it’s on its way to test the 24 1/2 area short-term.
First Solar, Inc. (FSLR), which we traded on Tuesday, had a spectacular day, up 2.62 to 14.95, or 21.25%, on 21.5 million shares. That’s the biggest volume it’s had this year. It had a breakout across the declining topsline and lateral price resistance right at the close. The next target is up around 17, and then 19 1/2.
Michael Kors Holdings (KORS), another stock we traded on Tuesday, had a nice snapback, up 2.92 to 41.10, or 7.65%, on a whopping 22.6 million shares. It backed off the high at the end of the day. If it does get through 42 3/4, look for something up around 45 short-term, and then 49 intermediate-term.
TripAdvisor Inc. (TRIP) also did well on Tuesday. It broke out of a little wedge and popped 2.08 to 45.02, or 4.84%, on 2.1 million shares. It looks like this stock is headed to the top of the channel up around 50. That’s the short-term target on it.
Other stocks in our Charts for the Day are A123 Systems, Inc. (AONE), Arena Pharmaceuticals, Inc. (ARNA), Dunkin' Brands Group, Inc. (DNKN), Endocyte, Inc. (ECYT), Goldfield Corp. (GV), NuVasive, Inc. (NUVA), Omeros Corporation (OMER), Osiris Therapeutics, Inc. (OSIR), Questcor Pharmaceuticals, Inc. (QCOR), Skechers USA Inc. (SKX).