AVD, MDGN, PCYC, HP, JOY - Stock Charts to Watch
We have a lot of stocks that are looking interesting, especially junior biotech stocks. It was a lousy-looking market on Monday, so we also have a lot of Boxer Shorts that are looking well.
American Vanguard Corp. (AVD) was a swing trade of ours a few weeks ago. It continues to consolidate, but it’s still bullish. As a matter of fact, it’s a rising flag, or so. On Monday, it popped 75 cents to 25.29, or 3%, on 429,000 shares. If it pops through the 27 1/2 area, this stock could really run again, perhaps even as high as low- to mid-30’s. That will be the target once it does get out across the resistance level. It could be time for it to make a move, so keep an eye on this one.
Medgenics, Inc. (MDGN) has really moved in the last 5 sessions, taking it from 5 3/4 all the way up to 12 3/4. That doesn’t happen too often, and it's a result of being overbought. On Monday, it jumped 1.28 to 11.88, or 12%, on 649,000 shares. The momentum is strong enough that it may be carried to 14.
Pharmacyclics Inc. (PCYC) undauntedly continues to run up. It was up another 3.73 to 51.53, or 7.8%, on 2.1 million shares on Monday. Right now, it’s at the top of the channel, and it may accelerate into a spike here.
Helmerich & Payne Inc. (HP) has gone from 46 to 39 just in the last 4 sessions. On Monday, it was down another 2.49 to 39.31, or 5.95%, on 3.7 million shares. There may very well be a test of the October 2011 lows on this one down around 35 1/2 - 36.
Joy Global, Inc. (JOY) broke, formed a wedge, and on Monday was down 2.12 to 52.11, or 3.91%, on 2.2 million shares. At this point, this stock may very well get down to the mid-40’s.
Other stocks in our Charts for the Day are Akorn, Inc. (AKRX), Amarin Corporation (AMRN), CalAmp Corp. (CAMP), Celsion Corp. (CLSN), CytRx Corporation (CYTR), Endocyte, Inc. (ECYT), Galena Biopharma, Inc. (GALE), Horizon Pharma, Inc. (HZNP), Synta Pharmaceuticals Corp. (SNTA), Spectrum Pharmaceuticals, Inc. (SPPI), Threshold Pharmaceuticals, Inc. (THLD), and VirnetX Holding Corp (VHC). Boxer Shorts include Abercrombie & Fitch Co. (ANF), American Public Education, Inc. (APEI), Deckers Outdoor Corp. (DECK), Freeport-McMoRan Copper & Gold Inc. (FCX), Gardner Denver Inc. (GDI), Schnitzer Steel Industries Inc. (SCHN), and A. Schulman, Inc. (SHLM).