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4 Stocks Pushing Up Right Now: ARWR, CRNT, VKTX, YRCW

Published 06/11/2018, 11:54 PM
Updated 07/09/2023, 06:31 AM

Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), a swing trade of ours, is working well. It popped out of a flag on Monday, gaining 80 cents, or 7.76%, to 11.11, on 2.2 million shares. Volume has picked up. It’s about the best in seven sessions. If it can get up through the recent high at 11.57, targets are 14 and 16.

Ceragon Networks Ltd (NASDAQ:CRNT), a longstanding swing trade of ours, had a head-and-shoulders breakout, a pop, it pulled back in an orderly, 2-month consolidation, broke out again on higher volume, then pulled back on lower volume, and broke out on Monday, popping 21 cents, or 6%, to 3.70, on 2.2 million shares. It acts like it wants to go higher. A test of the February high at 4.20-.23 is the next target, followed by 5.50.

Viking Therapeutics Inc (NASDAQ:VKTX) had a big day on Monday, jumping 84 cents, or 8.59%, to 10.62, on 6.77 million shares. It may have come out of a wedge and closed. This is the highest close we’ve seen on this stock since we’ve been following it, and a new all-time high closing high as well. This means it could accelerate and move into the mid-to-high teens and higher.

YRC Worldwide Inc (NASDAQ:YRCW) swing trade is working, and on Monday, it broke out, gaining 45 cents, or 4%, to 11.45, on 670,333 shares traded. This stock may very well start to accelerate. The next target is 12.35, and then 14.20.

Stocks on the long side included Aptose Biosciences Inc. (APTO), Arrowhead Pharmaceuticals, Inc. (ARWR), Axovant Sciences Ltd. (AXON), Bellicum Pharmaceuticals, Inc. (BLCM), BEST Inc. (BSTI), Ceragon Networks Ltd. (CRNT), Endocyte, Inc. (ECYT), Eloxx Pharmaceuticals, Inc. (ELOX), Fitbit, Inc. (FIT), Huami Corporation (HMI), iQIYI, Inc. (IQ), Profire Energy, Inc. (PFIE), RF Industries, Ltd. (RFIL), Sogou Inc. (SOGO), Viking Therapeutics, Inc. (VKTX), Xunlei Limited (XNET). YRC Worldwide Inc. (YRCW), and Zuora, Inc. (ZUO).

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