KORU Medical Systems (NASDAQ:KRMD), providers of in-home infusion systems, popped on Thursday, running up 1.96, or 27.84%, to session and multi-week highs at 9.25, before pulling back and closing a quarter lighter at 9.00, on 2.2 million shares traded, nine and a half times its average volume, and added another dime in after hours, which took it back up to 9.10.
Lakeland Industries , Inc. (NASDAQ:LAKE), manufacturer of protective clothes for first responders of the Coronavirus, exploded 3.67, or 22.52%, to 19.97, after reaching an early session and multi-week high of 23.20, on 7.35 million shares traded, or 19 times the average volume, and another 2.28, or 11.4%, in after-hours.
Novavax , Inc. (NASDAQ:NVAX), developer of vaccines, exploded in Jan, formed a wedge, exploded out of the wedge, and on Thursday, it exploded 2.58, or 28%, to 11.80, just 8 cents off the session high at 11.88, on 27 million shares traded shares, six and a half times its average volume, and up another 1.45, or 12.3%, to 13.25 in after hours.
Tarena International, Inc. (NASDAQ:TEDU), a provider of education services in China, is doing well since China has shut down all schools and the students are online. A stock like this that has gone from 7 cents to 4.00, went into a coil and got very quiet just a week ago, and on Thursday, it popped 73 cents, or 19%, to 4.55, with a high of 4.82 on 1.8 million shares traded, exploding from the 2.20 area all the way up to 4.82. With this kind of momentum and resistance up in the 5 3/4 and 7 range, these are my targets going forward.
Vaxart, Inc. (NASDAQ:VXRT), a biotech company developing oral vaccines, literally exploded in Jan, going from 25 cents to 1.90, backed down to 1.00, and then on Thursday, it popped 82 cents, or 50%, to 2.47, after reaching up to 3.40, on 61 million shares traded, and is up another 72 cents, or 29%, to 3.19, in after-hours. My target is 4 3/4.
ZOOM Technologies, Inc. (OTC:ZOOM), a Beijing maker of mobile phone components, is in huge demand with everyone out of school and work, meetings done by phone, etc, exploded 1.29, or 31%, to 5.50, reaching a high of 6.60, on 355,171 shares traded, or 15 times the average volume. It could explode and get up to the 1.25-.35 range.
Stocks on the long side included
Allied Healthcare Products, Inc. (AHPI), Alpha Pro Tech, Ltd. (APT), Co-Diagnostics, Inc. (CODX), KORU Medical Systems (KRMD), Lakeland Industries, Inc. (LAKE), Novavax, Inc. (NVAX), Tarena International, Inc. (TEDU), Vir Biotechnology, Inc. (VIR), Vaxart, Inc. (VXRT), and ZOOM Technologies, Inc. (ZOOM).