CTRN, EBAY, PCYC, VHC - Stock Charts to Watch
Again, we’re going to take a look at stocks on the long side. With such a good market on Tuesday, there are several very strong stocks that we want you to see.
Citi Trends (CTRN) had a big day on Tuesday. It popped in May, and then had a 4-5 week consolidation. On Tuesday, it broke out with a gap up 1.90 to 15.64, or 13.33%, on nearly a million shares. That’s the biggest volume in a very long time. At this point, it looks like a left-shoulder-head-right-shoulder bottom had a breakout and flagged. A perfect symmetrical pattern has been completed with the breakout on Tuesday. The targets are now 16 1/2, and then 18 1/4.
EBay Inc. (EBAY) followed through nicely on Tuesday, after having a swing trade put on it on Monday, up 1.01 to 43.50, or 2.38%, on 18.7 million shares. Volume is not as strong as Monday, but it’s still very strong volume for this stock. Look for a continuation move up to the 46-47 zone.
Pharmacyclics Inc. (PCYC) continues to look great. Over the last 15 months, it has moved off the single digit to plus 40. On Tuesday, it popped 1.39 to 42.68, or 3.37%, on a million shares. With the rising little flag underway, it may very well get up into the mid- to high-40’s soon.
VirnetX Holding Corp (VHC) had a good day on Tuesday coming back off the low, and is trending in a nice little wedge, but it did not quite make it through 35, up 1.34 to 33.84, or 4.12%, on 1.6 million shares. The next target is set at 37, and then 40.
Other stocks in our Charts for the Day are Amarin Corporation (AMRN), Arena Pharmaceuticals, Inc. (ARNA), Dunkin' Brands Group, Inc. (DNKN), Ellie Mae, Inc. (ELLI), Glu Mobile, Inc. (GLUU), Louisiana-Pacific Corp. (LPX), Mitek Systems Inc. (MITK), NuVasive, Inc. (NUVA), Smart Balance, Inc (SMBL), Synta Pharmaceuticals Corp. (SNTA), Threshold Pharmaceuticals, Inc. (THLD), Vringo, Inc. (VRNG).