Axovant Sciences Ltd (NYSE:AXON) on Tuesday had a big follow-through day to Monday’s pop, jumping 1.71, or 9%, to 20.25, on 7.6 million shares traded. In two days, it has literally gone from 15 to almost 21 before backing off slightly. You can see that the targets are 21 and 23. It has strong momentum, so I think it will get up there. It has 11.4 days to cover .
BioTelemetry Inc (NASDAQ:BEAT) gained 1.05, or 3.54%, to 30.75, on 534,575 shares traded. After popping Friday and pulling back, it held the gap, and then was up on Tuesday. Volume is solid, but not huge. Nevertheless, it’s in a nice upmove and looks like it’s headed to the mid 30’s, and then the mid 40’s.
The Medicines Company (NASDAQ:MDCO) broke through a double top, and I thought it was going to run, but it backed off. Still, it was up 1.86, or 3.5%, to 54.70, on 2.3 million shares traded on Tuesday. As far as I’m concerned, it’s headed toward loftier levels. Targets are 62 and 69.
Sears Holdings Corporation (NASDAQ:SHLD) is acting well. On Tuesday, it popped 1.32, or 11%, to 13.24, on 3.4 million shares traded. It still has 11.8 days to cover . I think this is going to make a quick run. My first target is 13 3/4, and the next target will be higher in the 17 range.
Stocks on the long side included Akorn Inc (NASDAQ:AKRX), Anavex Life Sciences Corp (NASDAQ:AVXL), Axovant Sciences Ltd., BioTelemetry Inc., Broadwind Energy Inc (NASDAQ:BWEN), Conatus Pharmaceuticals Inc (NASDAQ:CNAT), Gol Linhas Aereas Inteligentes SA DRC (NYSE:GOL), The Medicines Company, Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT), Rapid7 Inc (NASDAQ:RPD), Sears Holdings Corporation, Sequans Communications SA (NYSE:SQNS), ProShares Ultra VIX Short-Term Futures (NYSE:UVXY).