1. Amarin (NASDAQ:AMRN) continues to press higher and doubled since the swing was put on it the last two and a half weeks. On Wednesday, it popped 44 cents, or 5.6%, to 8.26, after reaching an early session high at 8.46, on 14.1 million shares traded, and in after-hours it was up another 41 cents. There is some resistance at the spike low from back in March at 8 1/2. Since it moved up near there on Wednesday, it might be ready for a pullback. However, if it extends, my target is up near the 10-10 1/2 zone, then I expect a pullback.
2. Delta Air Lines (NYSE:DAL) didn’t do well until the last couple days when they received government financing, going from 22 to 27 1/2 in just two day. On Wednesday, it jumped 2.98, or 12.2%, to 27.32, with a session high of 27.60, on 80 million shares traded, and another 1.04 in after-hours. It’s about to the fill the gap. If it fills the gap it could pop to 28.40. And if it gets through that, we could see a run to the 30-32-33 range, and then I think it is overextended. Although, momentum could carry it into the high 40’s.
3. Lattice (OTC:LTTC) Semiconductor Corporation (LSCC) broke through resistance on Wednesday and jumped 2.76, or 14%, to 22.31, with a high of 23.00, on 4.3 million shares traded. I like the look of this stock. The long-term chart looks great. Now, we’re looking for a test of the 24 range, and then 28-29.
4. Penn National Gaming (NASDAQ:PENN) is looking awesome, with a V-bottom, falling wedge, coil, and a breakout on Wednesday of 2.70, or 17%, to 18.61, not far of the session high at 18.74, on 12.2 million shares traded, and another 1.09 in after-hours. I think a fifth wave is underway, which may last until it gets into the low 20’s.
5. SM Energy Company (NYSE:SM) broke out of a base on Wednesday, ramping 1.41, or 75%, to 3.30, with a session high of 3.76, on 43 million shares traded, and then an additional 22 cents in after-hours. That is big volume for this stock. If it gets through Wednesday’s high, look for a move to 5-5 1/2, and maybe even 6 3/4.
6. Ageagle Aerial Systems (NYSE:UAVS) exploded 1.42, or 160% on Wednesday, to 2.30, after reaching a session and all-time high of 2.69, on a huge volume of 91 million shares traded and another 20 cents in after-hours. If there is any follow-through, you might see this stock at 3-3 3/4-4 as early as Thursday.
Stocks on the long side
Alcoa Corporation (NYSE:AA), AMC Entertainment Holdings, Inc. (NYSE:AMC), Amarin Corporation (AMRN), Apache Corporation (NYSE:APA), AVEO Pharmaceuticals, Inc. (AVEO), Capricor Therapeutics, Inc. (NASDAQ:CAPR), Carnival (NYSE:CUK) Corporation (CCL), The Chefs' Warehouse, Inc. (NASDAQ:CHEF), Constellium SE (NYSE:CSTM), Delta Air Lines, Inc. (DAL), Diebold Nixdorf, Incorporated (NYSE:DBD), Brinker International, Inc. (NYSE:EAT), Eldorado Resorts, Inc. (NASDAQ:ERI), GenMark Diagnostics, Inc. (NASDAQ:GNMK), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Immunomedics, Inc. (NASDAQ:IMMU), InMode Ltd. (NASDAQ:INMD), Liberty Oilfield Services Inc. (NYSE:LBRT), Lattice Semiconductor Corporation (LSCC), MEI Pharma, Inc. (NASDAQ:MEIP), Mallinckrodt plc (NYSE:MNK), Matador Resources Company (NYSE:MTDR), Murphy Oil Corporation (NYSE:MUR), Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), NGL Energy Partners LP (NYSE:NGL), Occidental Petroleum Corporation (NYSE:OXY), Penn National Gaming, Inc. (PENN), Royal Caribbean Cruises Ltd. (NYSE:RCL), Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), SM Energy Company (SM), Targa Resources Corp. (TRGP), AgEagle Aerial Systems, Inc. (UAVS), U.S. Concrete, Inc. (USCR), and Valero Energy Corporation (NYSE:VLO).