It was a sloppy day for the market on Monday, but a positive day for many of the stocks we traded and some of the swing trades. Let’s take a look at some of them.
Blue Buffalo Pet Products Inc (NASDAQ:BUFF) is a swing trade that was put on Monday because of the way it is setting up. It popped and pulled back at the end of the day. It looks like it did want to take off and go. It was up 59 cents to 24.00, or 2.5%, on nearly a million shares. It popped right at the close. That may be a signal that something is on for Tuesday. Resistance is at the 24.30 level. So, we’ll be watching 24.30-.50. If it can get through that, this stock may be a runner. It looks very strong.
3D Systems Corporation (NYSE:DDD) had a very good day on huge volume. It was up a whopping 2.90 to 14.45, or 25%, on 17.2 million shares. There is resistance in the 14.97 zone. We are expecting a follow-through. If it gets one, the targets are 17, and then 21. With 9.4 days to cover this could accelerate.
Himax Technologies Inc (NASDAQ:HIMX) has a swing trade that is acting well. I like when it broke out of the base and pulled back. Now it’s moving forward. It was up 41 cents to 10.97, or 3.88%, on 4.4 million shares, on Monday, closing just 2 cents off the high. Targets going forward are 11 3/4, and 13. On a longer-term basis it could see 16, so keep an eye on this one.
Stocks on the long side included Ocular Therapeutix Inc (NASDAQ:OCUL), Blue Buffalo Pet Products, Inc. (BUFF), 3D Systems Corporation (DDD), Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST), Dynegy Inc (NYSE:DYN), Freeport-McMoran Copper & Gold Inc (NYSE:FCX), GW Pharmaceuticals Plc (NASDAQ:GWPH), Himax Technologies Inc (NASDAQ:HIMX), Kandi Technologies Group Inc (NASDAQ:KNDI), Mitek Systems Inc (NASDAQ:MITK), Sientra Inc (NASDAQ:SIEN), Targa Resources Inc (NYSE:TRGP), and Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE).