AUXL, PCYC, SMBL, XNPT - Stock Charts to Watch
Even though the stock market got hammered on Monday morning, it did come back in the afternoon, and some interesting things happened on the long side. Let’s take a look at them.
Auxilium Pharmaceuticals Inc. (AUXL) had a key thrust on Monday, breaking out above the early March high, thrusting 3.06 to 21.91, or 16.23%, on nearly 6 million shares. That’s a significant breakout volume, so look for a move up around 24 1/2, or thereabouts, in its next move.
Pharmacyclics Inc. (PCYC) is one of our top picks for the year, and one which we’ve highlighted several times over the last few weeks. On Monday, it flagged, and then reversed, going from 30.19 to 32.40, and then closed at 32.38, just 2 points off the high, up 1.92, or 6.3%, on more than 1 million shares. The next target is set at 35 1/4-1/2 short-term.
Smart Balance, Inc (SMBL) had a spectacular day on Monday, floating out of a long, multi-level, multi-month base pattern, and multi-year pattern, and popped 1.00 to 7.07, or 10 1/2%, on 1.5 million shares. The next logical target for this stock is around 8 1/2-3/4.
Xenoport, Inc. (XNPT) reversed sharply on Monday, going from 5.40 to 6.01, and closed right on the high, up 63 cents, or 11.7%, on nearly a million shares. Look for a retest of 6.32-5 zone, and if it gets through that, it could run up near the 8.00 range. So keep an eye on XNPT.
Other stocks in our Charts for the Day are AuthenTec, Inc. (AUTH), Cleveland BioLabs, Inc. (CBLI), Cray Inc. (CRAY), Goldfield Corp. (GV), Microvision Inc. (MVIS), Nationstar Mortgage Holdings Inc. (NSM), REEDS, Inc. (REED), Synta Pharmaceuticals Corp. (SNTA), and Santarus, Inc. (SNTS).