HCII, HDSN, QCOR, SYNC - Stock Charts to Watch
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The stock market had a difficult day on Monday, but there are still plenty of stocks on the long side that look good, so we’re going to take a look at some of them here.
Homeowners Choice, Inc. (HCII) has a nice long-term channel, and a beautiful short-term channel. The top of the short-term channel was actually hit on Monday, up 1.40 to 21.10, or 7.11%, on just under 500,000 shares traded. This stock may very well thrust up into the 23 – 24 zone, which is the short-term target.
Hudson Technologies Inc. (HDSN) has had a nice channel up in the last few months, which has taken this stock back up to the early May highs and backed off. On Monday, it popped 30 cents to 4.20, or 7.69%, on 744,000 shares, which was the heaviest volume in a couple months. This stock has the potential to move quickly to about the 4.75, and there may even be an acceleration to 5.50 after that.
Questcor Pharmaceutical (QCOR) has a nice rising channel, and on Monday, it had a monster day, up 7.41 to 57.64, or 14 3/4%, on 6.5 million shares. That’s the biggest volume since early last year. It looks like it still has further to go, and may accelerate into the mid-60’s.
Synacor, Inc. (SYNC), one of our swing trades, broke out on Friday, followed through nicely on Monday, up 1.89 to 17.34, or 12%, on 1.5 million shares. If it gets up to the top of the channel, look for something around the 22 zone short-term.
Other stocks in our Charts for the Day are Akorn, Inc. (AKRX), Amarin Corporation (AMRN), Arena Pharmaceuticals, Inc. (ARNA), Ellie Mae, Inc. (ELLI), Incyte Corporation (INCY), Isis Pharmaceuticals, Inc. (ISIS), Kodiak Oil & Gas Corp. (KOG), Medicines Co. (MDCO), Nanosphere, Inc. (NSPH), Orexigen Therapeutics, Inc. (OREX), Osiris Therapeutics, Inc. (OSIR), OraSure Technologies Inc. (OSUR), Patrick Industries Inc. (PATK), Santarus, Inc. (SNTS).