Aurora Cannabis Inc. (OTC:ACBFF) was up just 21 cents, or 3.4%, to 6.37, on Wednesday, on 3 million shares traded, but I think the key is that it popped out of a wedge, and stalled for a couple days. There’s resistance at 6.37 at the high and the close for the day. I think it’s going to test the spike high at around 6.85, then we’re looking at 8.00, and then 9.00. This should be very, interesting. We’re going to keep close tabs on that one. Support might be at the low for the day at 5.85. If it gets below that, it may test the 5.45 area. I think it may be forming a new rising channel. If I’m correct, a 9-10-dollar stock is in the offing.
Canopy Growth Corporation (TWMJF) roared on Wednesday, going from 19.16 to 22.33, before pulling back and closing up 2.44, or 12.48, to 21.99, or 2.2 million shares traded. That’s the biggest volume in five weeks. It looks to me like it’s headed to the 24-5 range, before it pulls back. If it does consolidate, it may yet be a 35-dollar stock at some point.
Apptio, Inc. (NASDAQ:APTI) popped out of a coil on Wednesday, gaining 51 cents, or 2.2%, to 23.62, 1.1 million shares traded. I like the way it looks. I’m looking for a swing all the way up to the 28-30-31 range.
Immunomedics, Inc. (NASDAQ:IMMU) broke out on Wednesday above the September high, popping 85 cents, 5.7%, to 15.75, 3.4 million shares traded. It’s picking up steam a little bit. The OBV is moving up. Targets look like 17 1/2, 20, and 21 potentially.
On the long side, stocks included Aurora Cannabis Inc. (OTC:ACBFF), Canopy Growth Corporation (TWMJF), Ampio Pharmaceuticals, Inc. (NYSE:AMPE), Appian Corporation (NASDAQ:APPN), Apptio, Inc. (APTI), Aradigm Corporation (NASDAQ:ARDM), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Dicerna Pharmaceuticals, Inc. (NASDAQ:DRNA), Daqo New Energy Corp. (NYSE:DQ), Fate Therapeutics, Inc. (NASDAQ:FATE), Immunomedics, Inc. (NASDAQ:IMMU), the Direxion Daily S&P Biotech Bull 3X ETF (NYSE:LABU), Lantheus Holdings, Inc. (NASDAQ:LNTH), Sierra Oncology, Inc. (NASDAQ:SRRA), TESSCO Technologies Incorporated (NASDAQ:TESS), Viking Therapeutics, Inc. (NASDAQ:VKTX), Energous Corporation (NASDAQ:WATT), SolarWindow Technologies, Inc. (OTC:WNDW), and XOMA Corporation (NASDAQ:XOMA).