The stock market had an interesting follow-through session. It was powerful. It was bullish. We’ll take a look at some of the stocks we follow that are doing well, but first let’s take a look at the indices.
Swing trade Amkor Technology Inc (NASDAQ:AMKR) continues to really move nicely. It popped, pulled back, we put a swing on it at the 7 1/2-3/4 range, and it reached a high of 11 1/2 on Tuesday. This stock continues to move up towards a target of 12 1/4. It was up 32 cents, or 2.9%, to 11.24, on 1.5 million shares traded. It has 31/2 days to cover .
The Chemours Co (NYSE:CC) has a great-looking chart. It had a swing put on it around the 8.00 zone, it ran up to around 11, pulled down in a 3-wave corrective low, and from that level at 5 3/4, it literally more than quadrupled. On Tuesday, it was up 81 cents, or 4.2%, to 20.09, reaching a high of 20.23, on 5.8 million shares traded. Momentum has taken it out with a breakaway gap, and on additional upside momentum, I’m looking for 22-23 short-term.
Nektar Therapeutics (NASDAQ:NKTR) is not as strong looking, but I was impressed on Tuesday with the action, up 27 cents, or 2%, to 1307, on 1.6 million shares traded, and it closed near at the upper end of the range. This is an 8-9-day high. I would like to see it run up towards 13.75-.80. That’s resistance. If it gets through that, we'll break through the declining topsline, and moving average as well. So, that’s a key level for this stock. My ultimate target and swing trade on this one is going to be 16.00.
Oclaro Inc (NASDAQ:OCLR) was up 28 cents, or 3.3%, to 8.77, on 5.7 million shares traded on Tuesday. It popped through resistance and crossed the declining topsline, and closed near the upper end of the range. I’m looking for a test of the 9 1/4 range. 9.25-.35 is resistance. If it gets through that, the next target is 10.85-11.00.
Stocks on the long side included Amkor Technology, Inc. (AMKR), AMAG Pharmaceuticals Inc (NASDAQ:AMAG), AveXis Inc (NASDAQ:AVXS), BHP Billiton Ltd (NYSE:BHP) Cara Therapeutic (NASDAQ:CARA), Cannabis Sativa Inc (OTC:CBDS), The Chemours Company (CC), VelocityShares 3x Inv Natural Gas ETN (NYSE:DGAZ), Freeport-McMoRan Inc. (NYSE:FCX), Hecla Mining Co. (NYSE:HL), MINDBODY, Inc. (NASDAQ:MB), Microchip Technology Inc. (NASDAQ:MCHP), MGM Resorts International (NYSE:MGM), Mimecast Limited (NASDAQ:MIME), Nektar Therapeutics (NASDAQ:NKTR), Oclaro, Inc. (OCLR), The Priceline Group Inc. (NASDAQ:PCLN), Synchronoss Technologies, Inc. (NASDAQ:SNCR), SodaStream International Ltd. (NASDAQ:SODA), Smith & Wesson Holding Corporation (NASDAQ:SWHC), Canopy Growth Corporation (TWMJF), and Vale S.A. (NYSE:VALE).