Micron Technology, Inc. (NASDAQ:MU) I'm accumulating long positions again in the range of 19.25-19.50 levels for an immediate target of 21 levels. With the stock price showing signs of bounce back, I believe that a short covering rally a short covering rally may be near. Watching action closely up here.
Asterias Biotherapeutics Inc (NYSEMKT:AST) broke out of a rounding bottom pattern and the volume spiked along with strong move, sign that a new trend could be in play. The bullish break out of the neckline gives an upside target of 6.5 and higher. From the daily technical chart, MACD, RSI and KD both signal positive strength.
Seres Therapeutics Inc (NASDAQ:MCRB) showed a lot of strength again on Thursday. The stock has broken out above a consolidation pattern and looks to me like it wants to test the highs at 51.40. The intermediate consolidation formation and the subsequent breakout has opened up the next short-term upside. Long setup.