OHR Pharmaceutical Inc (NASDAQ:OHRP) 67% real gains today, more to come this week based on the daily technical chart. The stock broke out into the gap area with Massive volume today and I expect a continuation of the move tomorrow. The MACD is curling up and the accumulation line is moving higher. Nice gap to fill. PS: Brean Capital analyst Jonathan Aschoff reiterated a Buy rating on the stock with a price target of $34. The technical chart above indicates that OHRP is ready for a huge bounce.
Kite Pharma Inc (NASDAQ:KITE) broke through that critical 66.50 level today on solid volume. The uptrend is intact and signals further bullishness on this stock. The stock hit a high of $69.99, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a follow through move. Watch the stock closely tomorrow.
Voltari Corp (NASDAQ:VLTC) ended Monday's trading session at 6.74, advancing 41% with the stock attracting 5.7 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from oversold zone and closed above all its EMAs for the first time since early June. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 7.50 area.
Activision Blizzard, Inc. (NASDAQ:ATVI) is again setting up for a potential swing trade. Breakout point at 26.09