A lot of longs are still looking good in this market, so we'll continue to highlight some of them.
Himax Technologies Inc. (NASDAQ:HIMX) had another good day on Tuesday. After the big breakaway gap on news of a contract with Google (NASDAQ:GOOG) , it popped on Monday and then again on Tuesday, up another 53 cents, or 7.86%, on 28.5 million shares. It went as high as 7.71 before pulling back to close at 7.27.
The stock, which touched its high from nearly two months ago, may pull back and consolidate, but if it does blow through 7.70-7.75, it could be a $9.00-10.00 stock pretty quickly.
Check out Harry’s video analysis of this stock on the last page.
Molycorp Inc. (NYSE:MCP) had a good day on Tuesday, and we highlighted it as a swing trade for our members. After a base formed in April and held on a retest in June after a steep, falling wedge, the stock embarked on a five-wave move up.
On Tuesday, the stock approached its previous (May) high on a dramatic increase in volume to 18.9 million shares, a bullish sign. If this continues, and it could very well get through the resistance zone, the stock could see 9.00-9.25 short-term.
Check out Harry’s video analysis of this stock on the last page.
Neonode Inc. (NASDAQ:NEON) , another swing trade of ours, surged to our target zone up around the 8.50 area about a week ago, but has come down in a falling wedge.
However, on Tuesday it popped 60 cents, or 8%, on 1.1 million shares. That's the best volume in four days. It went from 7.52 to 8.27 and closed at 8.15. Look for an extension of the move to the 8.65-8.70 area short-term, and then maybe as high as 9.25-9.75.
Check out Harry’s video analysis of this stock on the last page.
Organovo Holdings Inc.(NYSE:ONVO) had a nice snapback on Tuesday. Similar to NEON, it had a big run-up recently, pulled back for three days, tested and then popped on Tuesday, up 92 cents, or 14.5%, on 4.4 million shares.
If it gets up over the 7.50 area, it looks like it could test 8.50, and then maybe beyond. The top of the channel is calling for a move up around 11 eventually.
Check out Harry’s video analysis of this stock on the last page.
Revolution Lighting Technologies Inc. (NASDAQ:RVLT) has been in a beautiful uptrend. It popped a week ago, consolidated for a few days, and on Tuesday, it popped out.
It got up to 5.50 before a negative article came out and knocked it down to the 5.00-range, but it then came right back up to 5.20, where it closed, up 7 cents, or 1.4%, on 2.4 million shares. It was a positive day for us despite the pullback. If it gets through 5.50, look for it to run to 6.75, and then 7.00.
Check out Harry’s video analysis of this stock on the last page.
Zoltek Companies Inc.(NASDAQ:ZOLT) has had a wonderful three days as it exploded out of a little flag after breaking out of a four-and-a-half-month coil. Earlier this month, the stock broke out, then pulled back and retested, formed a mini wedge, and when it broke out of that wedge, it started to run.
On Tuesday, it was up another 1.11, or 7%, on 771,200 shares traded. That's the biggest volume in over two months. A longer-term chart shows a major base was broken going back four years, and this may very well accelerate. The next target is 19.75.
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