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4 Stocks That Bounced: ARMS, QURE, SFIX, VSTM

Published 08/10/2018, 12:32 AM
Updated 07/09/2023, 06:31 AM
LUMN
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AMRSQ
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BYON
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VSTM
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CPRI
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YELP
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MNKKQ
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QURE
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MTCH
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TWLO
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SFIX
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Amyris Inc (NASDAQ:AMRS) broke out on Wednesday, and followed through on Thursday with a clean breakout above the resistance zone. It was a small gain, up 22 cents, or 3%, to 7.84, on nearly a million shares. The next target is around 9.00, followed by 10 3/4.

Uniqure NV (NASDAQ:QURE) had a nice rebound on Thursday, with a thrust of 2.69, or 8.4%, to 34.65, on 404,252 shares traded. It formed a little extended V. This was a key day for this stock to breakout. It didn’t close above the 50, but it did take out the 10 and 21. Not a lot of volume traded. I’m looking for a retest of 40. When it gets through that, the next target is 47-8.

Stitch Fix (NASDAQ:SFIX) bounced 1.82, or 6%, to 31.75, on 1.8 million shares on Thursday. It is slowly edging backwards. After breaking out and then pulling back for one day, it resumed the advance. Short-term target is in the 32-32.10 range, and if it gets through that, the targets are 35, and maybe the high 30’s.

Verastem Inc (NASDAQ:VSTM) broke out on Thursday, popping 88 cents, or 11%, to 8.67, on 7 million shares, and then it backed off. Right at the breakout point, we put a swing on it. I think it’s going to resume the advance, and make a run to the 11-12 zone.

Stocks on the long side included Amyris, Inc. (AMRS), ANGI Homeservices Inc. (ANGI), Alteryx, Inc. (AYX), Canopy Growth Corporation (CGC), PolarityTE, Inc. (COOL), Caesarstone Ltd. (CSTE), CenturyLink, Inc. (NYSE:CTL), Funko, Inc. (FNKO), Health Insurance Innovations, Inc. (HIIQ), Michael Kors Holdings Limited (NYSE:KORS), Mallinckrodt (NYSE:MNK) Public Limited Company (MNK), Match Group, Inc. (NASDAQ:MTCH), Nuance Communications, Inc. (NUAN), Invitae Corporation (NVTA), Overstock.com, Inc. (NASDAQ:OSTK), uniQure N.V. (QURE), R1 RCM Inc. (RCM), RF Industries, Ltd. (RFIL), Roku, Inc. (ROKU), SailPoint Technologies Holdings, Inc. (SAIL), Stitch Fix, Inc. (SFIX), Twilio Inc (NYSE:TWLO), Verastem, Inc. (VSTM), Xenon Pharmaceuticals Inc. (XENE), and Yelp Inc (NYSE:YELP).

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