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4 Stocks To Watch: ABEO, COOL, IMGN, SGMO

Published 08/30/2017, 12:20 AM
Updated 07/09/2023, 06:31 AM
YELLQ
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FSLR
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AEM
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CORT
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SGMO
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MOV
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ABEO
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Abeona Therapeutics Inc. (NASDAQ:ABEO) had a big pop on Tuesday, popping 1.75, or 18.4%, to 11.25, on 2.8 million shares traded. It had a breakout and a thrust through the July high, and when it crossed the 10.24 area, it closed a dollar higher. At this point, I’m looking for the 14-15 range as the next target, maybe even higher. There’s 20.84 days to cover .

Majesco Entertainment Company (NASDAQ:COOL), a swing trade of ours, was acting really well on Tuesday. We put it out to you at 23.81 on Aug 15, and now it’s trading 6 points higher, reaching as high 29.92 on Tuesday. It was up 1.35, or 4.8%, to 29.46, on 140,001 shares traded. It’s high in June was 30.09. If it gets through that, the targets are 33-4, maybe as high as the high 30’s over the next few weeks going forward. It has 6 days to cover .

Swing trade ImmunoGen, Inc. (NASDAQ:IMGN) was put out on May 16 at 4.88. It reached up to 8.00, pulled back in a 3-wave corrective move, and then broke out on Tuesday, jumping 1.12, or 17%, to 7.58, on 13 million shares traded. That’s the biggest volume since January. Targets are 9 1/2 and 12 1/2. It has 5.5 days to cover .

Sangamo Therapeutics, Inc. (NASDAQ:SGMO) is also looking good. This is a swing trade from May 11 at 6.68. On Tuesday, it was up 1.30, or 11.3%, to 12.80, on 3.3 million shares traded, reaching a high of 12.90. My current targets are 11 1/2 and 13. My target going forward is 17. It had 3.6 days to cover .

On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Agnico Eagle Mines Limited (NYSE:AEM), Majesco Entertainment Company (COOL), Corcept Therapeutics Incorporated (NASDAQ:CORT), Catalent, Inc. (NYSE:CTLT), Fate Therapeutics, Inc. (NASDAQ:FATE), Amicus Therapeutics, Inc. (NASDAQ:FOLD), First Solar, Inc. (NASDAQ:FSLR), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), ImmunoGen, Inc. (IMGN), Juno Therapeutics Inc. (NASDAQ:JUNO), KEMET Corporation (NYSE:KEM), Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), Movado Group, Inc. (NYSE:MOV), Puma Biotechnology, Inc. (NASDAQ:PBYI), Sangamo Therapeutics, Inc. (NASDAQ:SGMO), Swift Transportation Company (NYSE:SWFT), Vericel Corporation (NASDAQ:VCEL), and YRC Worldwide Inc. (NASDAQ:YRCW).

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