It was yet another interesting trading day on Monday. The markets were mixed and the stocks we follow did well. Let’s take a look at a few of those.
Inogen, Inc. (NASDAQ:INGN) had a swing put on it on Monday, because I love this pattern. First of all, it went 5 waves down, rallied back, formed a wedge and then broke out of the wedge, formed a breakaway gap, and then proceeded to go into a wedge pattern. On Monday, it broke out of the wedge, up 32 cents to 41.56, on 154,100 shares traded. I like the way it looks. Now, what to be looking for is whether it can get over key resistance at 42. If it can get over that, look for it to run up to 45, 48, and above.
Lumentum Holdings Inc. (NASDAQ:LITE), one of our swing trades, made a post-IPO, all-time high on Monday, up 84 cents to 26.92, or 1.2%, on 664,000 shares traded. Look for this stock to make it to the 30-32 zone.
NeoPhotonics Corporation (NYSE:NPTN) is looking great and continues to impress. After the spike up, and then the 4-day pullback, it held support, trend line and moving averages. This stock popped, pulled back, and popped again on Monday, up 14 cents to 12.82, or 1.1%, on over a million shares. It looks like it may be testing the spike high at 13 1/4 as early as Tuesday, and if it gets through that, the target is 15 3/4.
Stocks on the long side included Advaxis, Inc. (NASDAQ:ADXS), Celator Pharmaceuticals, Inc. (NASDAQ:CPXX), 3D Systems Corporation (NYSE:DDD), Energy Recovery, Inc. (NASDAQ:ERII), GW Pharmaceuticals plc (NASDAQ:GWPH), Inogen, Inc. (NASDAQ:INGN), Direxion Daily S&P Biotech Bull 3X ETF (NYSE:LABU), Lumentum Holdings Inc. (LITE), NeoPhotonics Corporation (NPTN), Oclaro, Inc. (NASDAQ:OCLR), OvaScience, Inc. (NASDAQ:OVAS), PayPal Holdings, Inc. (NASDAQ:PYPL), U.S. Silica Holdings, Inc. (NYSE:SLCA), Sarepta Therapeutics, Inc. (NASDAQ:SRPT), Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), Swift Transportation Company (NYSE:SWFT), USA Technologies Inc. (NASDAQ:USAT), and Intrexon Corporation (NYSE:XON).