It was turn-around Tuesday in the morning, but in the afternoon they gave back a chunk of the gains. It’s an interesting market. It's still quite tentative, and Tuesday was a good, but not a great day. If there’s a follow-through on Wednesday, it may be important. We are in a Bradley turn date time frame, so it could be intriguing. Let’s take a look at some stocks of interest here.
Abeona Therapeutics Inc (NASDAQ:ABEO), which I put out as a swing on Tuesday, broke out on big volume, up 1.15, or 17%, to 7.95, on 2.65 million shares traded, it’s average volume being around 222,000 shares. It looks to me like it wants to extend up toward 11.00. I do have a swing trade on it around the 9 1/2 area, and then 11.00. I thought Tuesday’s action was impressive. It closed at the upper end of the range with 3.8 days to cover .
Avon Products Inc. (NYSE:AVP) is one of our swing trades that is acting well. On Tuesday, it extended and went right up to the resistance zone and the target area around the 6.85-7.00 zone, popping 43 cents, or 7%, to 6.62, on a whopping 16.7 million shares traded. That’s the biggest volume since the breakout day back in August, so, this may be significant. It’s right on resistance, and if it can punch through resistance, it may see 8 1/4 pretty quickly, which is the next target. It has 5 1/2 days to cover. Watch to see if it consolidates near resistance.
Emerge Energy Services LP (NYSE:EMES) is looking well. After the explosive move in June, it formed a multiple-month extending coil, and the coil within the larger coil broke out on Tuesday, running up 1.41, or 11%, to 13.97, on 732,790, with a high of 14.00. That’s one of the bigger volumes that we’ve seen in the last few weeks on this stock. If it gets through 14.60, which could be as early as Wednesday, it could see 18.00 pretty quickly. It has four days to cover .
Harley-Davidson Inc (NYSE:HOG) had big earnings on Tuesday, and a nice pop, jumping 4.49, or 9%, to 54.19, on 7.5 million shares traded. On the long-term pattern you can see the big resistance overheard up around 67.00. After 57.00 gets tested short-term, 67.00 is my target.
Stocks on the long side included Abeona Therapeutics Inc. (ABEO), Avon Products Inc. (AVP), Direxion Daily Brazil Bull 3X Shares (NYSE:BRZU), General Cannabis Corp (OTC:CANN), Cannabis Sativa Inc (OTC:CBDS), Canopy Growth Corp (TO:CGC), Canopy Growth Corporation (TWMJF), CannaGrow Holdings, Inc (CGRW), Cloud Peak Energy Inc (NYSE:CLD), Casella Waste Systems Inc (NASDAQ:CWST), Emerge Energy Services LP (NYSE:EMES), Hudson Technologies Inc (NASDAQ:HDSN), Harley-Davidson Inc (NYSE:HOG), Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG), Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT), and Teck Resources Ltd (NYSE:TCK).