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4 Stocks To Watch: COLL, COOL, MARK, PSTG

Published 11/30/2017, 11:57 PM
Updated 07/09/2023, 06:31 AM

Collegium Pharmaceutical, Inc. (NASDAQ:COLL) jumped 1.40, or 8.83%, to 17.26, on nearly 800,000 shares traded on Thursday. After the big run up and pullback, it held, tested twice, and then popped on Thursday. I think this stock will retest 19, and then eventually head to the mid and high 20’s. It has 22.4 days to cover .

Majesco Entertainment Company (NASDAQ:COOL) gained 73 cents, or 2.73%, to 27.48, on 84,457 shares traded on Thursday. After spiking up to the highs from August, double-topping, and then pulling back on a nasty day on Wednesday, it snapped back on Thursday and reversed. It didn’t have a lot of volume, so we have to watch Thursday’s low, which is right on the 50-day moving average at 25.64. Let’s see if it will get a follow-up. Right now, resistance is at 29 3/4, and 31 1/2. If it gets through there, my target is 37. There are 3.6 days to cover .

Remark Holdings, Inc. (NASDAQ:MARK) is finishing a wedge, it appears. It had a nice reversal day on Thursday, popping 58 cents, or 6.9%, to 8.97, on 1.65 million shares traded. I’m thinking that if this stock pops, breaks out, runs across 10, it will run into the 12-3 zone., which are the targets on this one.

Swing trade Pure Storage, Inc. (NYSE:PSTG), after coming off resistance, it pulled back and reversed on Thursday, and gained another 82 cents, or 4.64%, to 18.48, on 3.3 million shares traded. I think this one is going to continue. I’d like to see 21-2 on it, which is my target. It has 7.6 days to cover .

On the long side, stocks included Aurora Cannabis Inc. (OTC:ACBFF), Aradigm Corporation (NASDAQ:ARDM), Collegium Pharmaceutical, Inc. (COLL), Majesco Entertainment Company (COOL), California Resources Corporation (NYSE:CRC), Editas Medicine Inc. (NASDAQ:EDIT), Energy Recovery, Inc. (NASDAQ:ERII), Direxion Daily Energy Bull 3X ETF (NYSE:ERX), Esperion Therapeutics, Inc. (NASDAQ:ESPR), At Home Group Inc. (NYSE:HOME), Insmed Incorporated (NASDAQ:INSM), Direxion Daily S&P Biotech Bull 3X ETF (NYSE:LABU), Remark Holdings, Inc. (MARK), Melinta Therapeutics, Inc. (NASDAQ:MLNT), Oasis Petroleum Inc. (NYSE:OAS), Pure Storage, Inc. (NYSE:PSTG), Riot Blockchain, Inc. (NASDAQ:RIOT), Sangamo Therapeutics, Inc. (NASDAQ:SGMO), Tilly's, Inc. (NYSE:TLYS), Viking Therapeutics, Inc. (NASDAQ:VKTX), ViewRay, Inc. (NASDAQ:VRAY), Verastem, Inc. (NASDAQ:VSTM), and XOMA Corporation (NASDAQ:XOMA).

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