ImmunoGen, Inc. (NASDAQ:IMGN) was up 73 cents, or 12%, to 6.79, on 4.9 million shares traded on Wednesday. I put a new swing out on it on Wednesday after I saw the bar. For me, increasing volume to 4.9 million is the biggest volume in six weeks is significant. It takes us out of our trading range. Now, I believe we’re headed toward the 8-8 1/2 zone, and then maybe 10.00 going forward.
Remark Holdings, Inc. (NASDAQ:MARK) made a big move up over the last week or so, going from 3.00 to 10.00, came down in a nice falling wedge, pulled back down to 7.23, popped to 10.34 to a nominal new high. They backed off on Tuesday, dropping down 83 cents down to 8.06 on 1.95 million shares traded on Wednesday. They did a contract with a huge oil company in China. In after hours, they were up 54 cents to 8.80. The pullback came on lower volume and good technicals. It looks like the beginning of a lot more. I think it will consolidate, blow out, and get up to 13-14, and, eventually, to 18-20.
Swing trade Mirati Therapeutics, Inc. (NASDAQ:MRTX) broke out of a 3-week declining channel, popping 1.00, or 6.29%, to 16.90, on 432,722, which is low volume for this stock. It’s holding price support, trendline support, and moving average all in one place. I believe it’s breaking out, but I need to see more volume. The targets are now 19, and 20.20.
Overstock.com, Inc. (NASDAQ:OSTK) had a spectacular pop on Wednesday, jumping 7.45, or 14%, to 60.90, on 4.9 million shares traded. Two days ago, we showed you a breakout, Tuesday was a follow-through and pullback, and on Wednesday was the big reversal. That’s tells me its going to test 65-66, and then 75 short term. I kid you not.
On the long side, stocks included First Majestic Silver Corp. (NYSE:AG), VelocityShares 3x Long Silver ETN (NASDAQ:USLV), Direxion Daily Jr Gld Mnrs Bull 3X ETF (NYSE:JNUG), Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT), Digital Turbine, Inc. (NASDAQ:APPS), Aradigm Corporation (NASDAQ:ARDM), Cray Inc. (NASDAQ:CRAY), Digital Power Corporation (NYSE:DPW), Dynavax Technologies Corporation (NASDAQ:DVAX), Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA), Freeport-McMoRan Inc. (NYSE:FCX), Finisar Corp. (NASDAQ:FNSR), Bitcoin Investment Trust (OTC:GBTC), Halozyme Therapeutics, Inc. (NASDAQ:HALO), ImmunoGen, Inc. (NASDAQ:IMGN), Remark Holdings, Inc. (MARK), Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS), Mirati Therapeutics, Inc. (NASDAQ:MRTX), Nektar Therapeutics (NASDAQ:NKTR), Overstock.com, Inc. (NASDAQ:OSTK), Winnebago Industries, Inc. (NYSE:WGO), and Westport Fuel Systems Inc. (NASDAQ:WPRT).