Dolby Laboratories, Inc. (NYSE:DLB) made an explosive move on Wednesday, jumping 5.17, or 9.58%, to 59.11, on 3.8 million shares traded. This is a stock that had been basing from 2011 to 2016, and thren traded in the 34-5 zone. It popped out, pulled back, and formed a one-year consolidation. Wednesday’s moved is significant because it takes out all levels to the 70-dollar range, which is my next target. It has 5 days to cover .
Swing trade Loxo Oncology, Inc. (NASDAQ:LOXO) is doing phenomenal. We put it out as a swing, it ran up to my target, consolidated for a couple months, and then on Wednesday, it had a significant breakout, popping 11.61, or 15.46%, to 86.72, on 2.1 million shares traded, closing 4 points off the high, on the second biggest up day in almost a year. I think it wants to go higher. Look for something in the high 90’s, around 99-100, and then 120ish.
NovoCure Limited (NASDAQ:NVCR) broke out on Wednesday, gaining another 1.30, or 6.36%, to 21.75, on 1.5 million shares traded. This is a swing trade that has been in play since June. If it extends, I’m looking for 28, and eventually 32. It has 8 days to cover short.
Sientra, Inc. (NASDAQ:SIEN) is doing great. It popped another 2.43, or 19%, to 15.01, on 789,611 shares traded, and is moving up the ladder, going from 10 to 15 in the last couple weeks. If it breaks out above the 11 1/2 range, the immediate target is 17 1/2-ish.
On the long side, stocks included AXT Inc. (NASDAQ:AXTI), Ballard Power Systems Inc. (NASDAQ:BLDP), Baozun Inc. (NASDAQ:BZUN), Dolby Laboratories, Inc. (NYSE:DLB), Emerge Energy Services (NYSE:EMES), Juno Therapeutics Inc. (NASDAQ:JUNO), Loxo Oncology, Inc. (NASDAQ:LOXO), MicroVision, Inc. (NASDAQ:MVIS), NovoCure Limited (NASDAQ:NVCR), Sientra, Inc. (NASDAQ:SIEN), TravelCenters of America LLC (NASDAQ:TA), VelocityShares 3x Lng Crude Oil ETN New (NYSE:UWT), and Vericel Corporation (NASDAQ:VCEL).