Written By: Harry Boxer
Axsome Therapeutics, Inc. ]AXSM[NSD] – $19.64 gained 39 cents to $19.54 on Tuesday on 1.4 million shares. The biotech company announced Monday that the FDA granted Breakthrough Therapy Designation for its therapy for major depressive disorder. The stock has been a huge climber this year, starting the year under $3. After flagging in the last week, it looks poised to continue the uptrend, with the next target towards the channel top near $24.
Carbon Black, Inc. =CBLK[NGS] – $17.48 rose $1.18, or 7.5%, to $16.74 on 4.6 million shares, nearly 3x its average volume. Last Thursday the cyber security company reported first-quarter financial results that beat analyst expectations. After a downtrend in 2018, the stock has been basing since the start of this year, but has rallied since earnings. It’s now right at lateral resistance, a break through which could lead to the $20 range short-term.
Cohu, Inc. COHU[NGS] – $18.00 jumped $3.74, or 24%, to $19.21 on 2.2 million shares Tuesday nearly 10x its average volume after the maker of semiconductor test equipment reported earnings Monday. The move broke the stock through its declining tops line and 50-day moving average. With a bullish close near the high, watch for $22 next.
Everbridge, Inc. EVBG[NSD] – $76.72 popped $4.38 to $78.39 on 940,900 shares, more than double its average volume. On Monday the software developer reported quarterly revenue that topped Wall Street estimates. One of our top picks going into 2019, the stock is up substantially from its 2018 close of $56.76. After a recent consolidation and pullback, it has resumed its rally, with Tuesday’s move breaking above lateral resistance. Watch for a move towards the channel top near $88-90.
3 Niches Advisors Should Consider
When to Stop Investing in Prospects
Understanding the Principle of Least Privilege in Cybersecurity
Reach, Engage, and Earn The Female Dollar
Do You Argue with Your Spouse About Money? Read This!
3 Mining Stocks for Investors Seeking Gold Exposure
How to Be the Bearer of Bad News
How Effective Is Technology in the Realm of Personal Finance?
11 Laws of Trading to Win on Wall Street and Main Street
Why People Say So Many Things Are Common Sense Then Ignore It
Research12 hours ago
Trump’s Trade War Is Good for These 3 Dividend Stocks
Development12 hours ago
The Truth About Getting to the Next Level as an Advisor
Building Smarter Portfolios12 hours ago
Building the Case for Small Caps
Research1 day ago
Where Will We Get the Money to Pay for This Spending?
Human Performance2 days ago
You Are Your Ideal Client
Exit Planning3 days ago
How to Find and Retain Next-Level Management
Development3 days ago
How to Think like the Best Advisors in the Business
Research3 days ago
Reaction to Growing Number of Millionaires