Mirati Therapeutics, Inc. (NASDAQ:MRTX) popped 1.40 or 4%, to 37.20, on 275,316 shares traded on Tuesday above the 37.60-65 range. It got up as high as 38.20 and backed off a dollar. Still, if it follows through, I’m looking for a move to about the 43 range, and then 52 longer term.
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) just won’t quit, jumping another 72 cents, or 5.86%, to 13.01, on 1.54 million shares on Tuesday. After a day of consolidation, it punched back up again. If it doesn’t get through here, it may pull back. Momentum could carry it to 14 1/2, and then 17 going forward.
Stocks on the Short Side….
Ebix, Inc. (NASDAQ:EBIX), which I gave a short on around mid-April, went up a little higher, above the 50 day, but now it’s come down again, three days in a row of the last seven days, and on Tuesday, it dropped another 45 cents to 73.25 on 132,063 shares traded. It looks to me like the fishbowl is over. If it takes out 72, it’s headed for 69, 65, or lower, maybe much lower.
Overstock.com, Inc. (NASDAQ:OSTK) lost another 1.05 or 2.82%, to 36.25, 1.56 million shares on Tuesday. It looks like it’s 4 waves down. If that breaks, I’m looking for the 20-22 zone as the next target going forward.
Stocks on the long side included ArQule, Inc. (NASDAQ:ARQL), Endologix, Inc. (NASDAQ:ELGX), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), iQIYI, Inc. (NASDAQ:IQ), Mirati Therapeutics, Inc. (NASDAQ:MRTX), Micron Technology, Inc. (NASDAQ:MU), Quotient Limited (NASDAQ:QTNT), Recro Pharma, Inc. (NASDAQ:REPH), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), Canopy Growth Corporation (OTC:TWMJF), 21Vianet Group, Inc. (NASDAQ:VNET), Energous Corporation (NASDAQ:WATT), and Xencor, Inc. (NASDAQ:XNCR).
On the short side, stocks included Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY), Bitauto Holdings Limited (NYSE:BITA), The Clorox Company (NYSE:CLX), Ebix, Inc. (NASDAQ:EBIX), Edgewell Personal Care Company (NYSE:EPC), Essent Group Ltd. (NYSE:ESNT), Finisar Corporation (NASDAQ:FNSR), iRobot Corporation (NASDAQ:IRBT), Overstock.com, Inc. (NASDAQ:OSTK), Radian Group Inc. (NYSE:RDN), Signet Jewelers Limited (NYSE:SIG), Silicom Ltd. (NASDAQ:SILC), Teradyne, Inc. (NYSE:TER), LendingTree, Inc. (NASDAQ:TREE), and YY Inc. (NASDAQ:YY).