4 Stocks To Watch: CONN, IMGN, AZPN, SHOP

www.investing.com/analysis/conn,-imgn,-azpn,-shop-200198394

By Harry Boxer | Jun 30, 2017 12:15AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

DOMH

-11.74%

Add to/Remove from Watchlist

TRVG

-2.18%

Add to/Remove from Watchlist

SHOP

-3.45%

Add to/Remove from Watchlist

LGMK

-2.36%

Add to/Remove from Watchlist

VRTV

+0.00%

Add to/Remove from Watchlist

CRTO

-1.52%

Add to/Remove from Watchlist

UVXY

+15.91%

Add to/Remove from Watchlist

AZPN

+0.02%

Add to/Remove from Watchlist

YELP

+0.82%

Add to/Remove from Watchlist

IPHI

0.00%

Add to/Remove from Watchlist

-3.26%

Add to/Remove from Watchlist

SL2

-7.56%

Add to/Remove from Watchlist

IMGN

0.00%

Add to/Remove from Watchlist

EBIXQ

0.00%

Add to/Remove from Watchlist

CYBE

0.00%

Add to/Remove from Watchlist

CONNQ

0.00%

Add to/Remove from Watchlist

CENT

+3.19%

Add to/Remove from Watchlist

BHC

+0.77%

Add to/Remove from Watchlist

STX

-6.26%

Add to/Remove from Watchlist

VMW

0.00%

Add to/Remove from Watchlist

Conns Inc. (NASDAQ:CONN) broke out of a wedge on Thursday, and was up 1.05, or 6%, to 18.95, on 800,140 shares traded. Considering the market on Thursday, I find this to be very admirable. It’s one of the best volumes on an up-day in two and a half weeks, on a break out of a wedge. The level to watch now is about 20. If it gets through that level, we’ll be looking at 21 3/4, and then on its way to high 20’s. This could be really intriguing and something to watch with 11.1 days to cover .

ImmunoGen, Inc. (NASDAQ:IMGN) did very well on Thursday, but, as indicated on Wednesday, the top of the channel is around the 7.00 area. It got up to 7.40 on Thursday, pulled back, and closed up 22 cents, or 3%, to 7.22, on 3.5 million shares traded. Even that on a lousy day is a good sign. It is overbought short-term, and could be volatile to a pullback, or momentum could take it to 8 1/2. It has 5 1/4 days to cover .

Stocks on the Short Side….

Aspen Technology, Inc. (NASDAQ:AZPN) has a massive double top, broke the neckline, formed a bear wedge, and on Thursday, it dropped 1.51, or 3%, to 54.42, on 604,616 shares traded. There is some support at 52.00. I’m looking at 48 and 45 as targets going forward.

Shopify Inc. (NYSE:SHOP) was down 3.12, or 31/2%, to 86.40, on 2.7 million shares traded. It’s a new Boxer Short and has the perfect head-and-shoulders. Let’s hope that it works. Sometimes you anticipate a head-and-shoulders because the neckline isn’t broken, it runs off, and turns out to be a wedge. But its 6-7-month channel forming a head-and-shoulder top. The volume pattern is in play. If this stock collapses, it could collapse quickly. The first target is 72 1/2, and then 63.

On the long side, stocks included Citigroup Inc. (NYSE:C), Conns Inc. (CONN), ImmunoGen, Inc. (NASDAQ:IMGN), Nxt-ID, Inc. (NASDAQ:NXTD), Select Comfort Corporation (NASDAQ:SCSS), Spherix Incorporated (NASDAQ:SPEX), TRAVEL B.V. (NASDAQ:TRVG), ProShares Ultra VIX Short-Term Futures (NYSE:UVXY), and Valeant Pharmaceuticals (NYSE:VRX) International, Inc. (NYSE:VRX).

On the short side, stocks included Aspen Technology, Inc. (AZPN), Central Garden & Pet Company (NASDAQ:CENT), Criteo SA (NASDAQ:CRTO), CyberOptics Corporation (NASDAQ:CYBE), Ebix Inc. (NASDAQ:EBIX), Inphi Corporation (NYSE:IPHI), Shopify Inc. (NYSE:SHOP), Seagate Technology plc (NASDAQ:STX), VMware, Inc. (NYSE:VMW), Veritiv Corporation (NYSE:VRTV), and Yelp Inc. (NYSE:YELP).

Raytheon vs. Lockheed Martin: Which Stock Has More Upside? By Jea Yu - Mar 06, 2025

Defense stocks took a tumble heading into 2025 as President Trump returned to the White House for his second term. Trump has stated his intent as a peacemaker to bring the wars in...

Is the Nasdaq 100 in a Long-Term Bear Market? By Dr. Arnout ter Schure - Mar 06, 2025

Using the Elliott Wave Principle (EWP), we have been tracking the most likely path forward for the Nasdaq 100 (NDX). Although there are many ways to navigate the markets and to...

Volatility Returns—3 Stocks to Track Amid Growing Economic... By Christine Short - Mar 06, 2025 1

Investors are on edge about what tariff policy means for markets Coming off a strong Q4 earnings season, fresh February corporate sales figures can help assess the macro...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,609.6	-396.6	-0.92%
US 500	5,753.4	-89.1	-1.53%
Dow Jones	42,578.77	-427.82	-0.99%
S&P 500	5,738.48	-104.15	-1.78%
Nasdaq	18,069.26	-483.48	-2.61%
S&P 500 VIX	24.87	+2.94	+13.41%
Dollar Index	104.195	-0.057	-0.05%

Crude Oil WTI	66.34	+0.03	+0.05%
Brent Oil	69.49	+0.19	+0.27%
Natural Gas	4.281	-0.169	-3.80%
Gold	2,917.30	-8.70	-0.30%
Silver	33.193	+0.059	+0.18%
Copper	4.7763	-0.0177	-0.37%
US Soybeans	1,028.25	+16.50	+1.63%

U.S. 10Y	4.280	+0.013	+0.30%
U.S. 30Y	4.583	+0.024	+0.53%
U.S. 5Y	4.063	+0.005	+0.12%
U.S. 3M	4.306	-0.008	-0.19%
US 10Y T-Note	110.75	-0.09	-0.08%
Euro Bund	127.80	-0.05	-0.04%
10-2 Yield Spread	27.17	+1.56	+6.09%

Apple	235.33	-0.41	-0.17%
NVIDIA	110.57	-6.73	-5.74%
Alphabet A	172.35	-0.67	-0.39%
Tesla	263.45	-15.65	-5.61%
Amazon.com	200.70	-7.66	-3.68%
Netflix	906.36	-84.56	-8.53%
Meta Platforms	627.93	-28.54	-4.35%

4 Stocks To Watch: CONN, IMGN, AZPN, SHOP

Related Articles