FSLR, HCII, NRGY, RPRX - Stock Charts to Watch
We’re going to look at stocks on the long side as this market continues to press higher, and although many of our shorts are working, we have longs we want to talk about to see how they’re doing and what might be next for them.
First Solar, Inc. (FSLR) continues its recent run. It broke out of the resistance zone with a pop, pulled back and held, ran up again, and made a run at the declining topsline, pulled back to test support, bounced off that, then retested support, and then ran up to the new rally highs on Monday, reaching 23.16. It closed up 1.20 to 22.46, or 5.6%, on 8.2 million shares. Look for this stock to get up to the 23 1/2-3/4 swing-trade range, and then up around 27 potentially.
Homeowners Choice, Inc. (HCII) continues undauntingly. Even though there was a nice reversal, a 3-day decline that held support and bounced around for 3 weeks, a move back to the high, a pullback to the moving average, it reversed on Monday, going from 20.05 to 22.18, closing at 21.96, up 1.36, or 6.6%, on 356,000 shares. The volume was the best in a couple weeks. If it can just get through the 2.25 range, which it got near on Monday, look for something up around 26 on this stock.
Inergy, L.P. (NRGY) has a nice look to it. It popped on Monday, up 1.15 to 20.86, or 5.8%, on 7.7 million shares, and wasn't far off the high. That was the best volume in about 3 weeks. If it breaks through resistance, it could move up about 50 cents higher, and beyond that, look for it to get up around the 23 1/2 – 24 area.
Repros Therapeutics Inc. (RPRX) had a significant day on Monday. This stock broke out of a wedge, broke through key triple-top resistance, and then thrust 1.45 to 10.98, or 15%, on nearly a million shares. It had a good day, a good close at the upper end of the range, and if it gets a follow-through, it could potentially run up into the 14-15 zone short-term, and then 16-17 intermediate-term.
Other stocks in our Charts for the Day are Affymax, Inc. (AFFY), Hudson Technologies Inc. (HDSN), Nanosphere, Inc. (NSPH), Nam Tai Electronics, Inc. (NTE), Oplink Communications Inc (OPLK), REEDS, Inc. (REED), Sarepta Therapeutics, Inc. (SRPT), Unisys Corporation (UIS), and Vringo, Inc. (VRNG).