It was a spectacular day on Wall Street on Wednesday. The market opened firm and moved up all session, closing at the highs for the day going away. We had a lot of stocks that moved very nicely. It was a great day for trading at TheTechTrader.com. Let’s take a look at some of those stocks.
Celator Pharm (NASDAQ:CPXX), one of our swing trades, is doing spectacular, up 65 cents to 13.08, or 5.2%, on 3.4 million shares. It popped, pulled back for two days, popped, pulled back for three days, and now it’s moving again. The top of the channel says this stock could be 17-18 short-term, especially if it takes out the 12.70-75 range as early as Thursday.
Fireeye Inc (NASDAQ:FEYE) has come down from the high 50’s to the low teens, reversed, and is now coiling above the moving averages. A swing was put on it in anticipation of this move. The first target is 19 1/2, and the secondary target is 22 1/2. We will see where this stock wants to go from there. On Wednesday it was up 75 cents to 38.71, or 4.3%, on 4 million shares.
Five Prm Th (NASDAQ:FPRX), one of our swing trades, tagged its target today, up 3.01 to 45.80, or 7%, on 1.5 million shares. It’s been acting great since the inverse head-and-shoulder breakout. Look for a target of 50-51 short-term. It has 4.65 days to cover.
GW Pharmaceuticals Plc (NASDAQ:GWPH) is doing great, up 4.82 to 79.25, or 6.5%, on 680,700 shares traded. After the spectacular, explosive move it made recently, and then the pullback, pop, pullback that formed a double bottom, a swing was put on it on Wednesday, and it moved up a couple points. It looks like it will test the 91-92 zone, and if it breaks through, we could see upwards of 105-110.
Stocks on the long side included ACADIA Pharmaceuticals Inc (NASDAQ:ACAD), Advaxis Inc (NASDAQ:ADXS), Anacor Pharmaceuticals Inc (NASDAQ:ANAC), ANI Pharmaceuticals Inc (NASDAQ:ANIP), ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB), Direxion Daily S&P Biotech Bull 3X Shares (NYSE:LABU), Lsb Industries Inc (NYSE:LXU), Celator Pharm (NASDAQ:CPXX), Fireeye Inc (NASDAQ:FEYE), Five Prm Th (NASDAQ:FPRX), GW Pharmaceuticals Plc (NASDAQ:GWPH), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Incyte Corporation (NASDAQ:INCY), Inogen Inc (NASDAQ:INGN), Inovio Pharmaceuticals Inc (NASDAQ:INO), Intracellular Th (NASDAQ:ITCI), Juno Therapeutic (NASDAQ:JUNO), Ocular Therapeutix Inc (NASDAQ:OCUL), Rackspace Hosting Inc (NYSE:RAX), Sorrento Therape (NASDAQ:SRNE), Sarepta Therapeutics Inc (NASDAQ:SRPT), Transenterix Inc (NYSE:TRXC), USA Technologies Inc (NASDAQ:USAT), Valeant Pharmaceuticals (NYSE:VRX) Valeant Pharmaceuticals International Inc (NYSE:VRX), and Weibo Corp (NASDAQ:WB).