The stock market got smacked on Wednesday. Most of the stocks that we were trading were ultra-shorts and eboli drug-related stocks, and pretty much that was it. It wasn’t a pretty sight. So, let's take a look at the stocks we’ve highlighted here.
CalAmp Corp. (NASDAQ:CAMP) may have broken on Wednesday. It dropped 1.38, or 7.8%, on 1.7 million shares, and took out the key support line. The next test could be the May lows around 14 3/4, which should occur pretty quickly.
Covance Inc. (NYSE:CVD) also broke this week, hard. It’s been down four or five days in a row. The key is that a major zone was broken on Wednesday, down 1.62, or 2%, on 1.1 million shares. It could see 70 very soon.
Nu Skin Enterprises Inc. (NYSE:NUS) continues to look bad. If formed a bear wedge, and when that wedge is broken, it could lead to the 34-5 should it break 40 first.
Waddell & Reed Financial, Inc. (NYSE:WDR) is a Boxer Swing Shorts, which is continuing to fall. The target is 46 1/2-47 short term.
Other stocks on Harry’s Charts of the Day are AlphaTOC Pro Tech Ltd. (AMEX:APT), Lakeland Industries Inc. (NASDAQ:LAKE), PILA, Tekmira Pharmaceuticals Corp. (NASDAQ:TKMR), Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH), 1-800-Flowers.com Inc. (NASDAQ:FLWS), Direxion Daily Emrg Mkts Bear 3X ETF (ARCA:EDZ), ProShares UltraPro Short S&P500 (ARCA:SPXU), Direxion Daily Small Cap Bear 3X Shares (ARCA:TZA) and ProShares Ultra VIX Short-Term Fut ETF (ARCA:UVXY).
Stocks on the short side include Arctic Cat Inc. (NASDAQ:ACAT), Chicago Bridge & Company (NYSE:CBI), Grifols, S.A. (NASDAQ:GRFS), Hi-Crush Partners LP (NYSE:HCLP), Interactive Intelligence Group Inc. (NASDAQ:ININ), Precision Castparts Corp. (NYSE:PCP), Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), and Terex Corp. (NYSE:TEX).