New York, NY -- (SBWIRE) -- 04/17/2013 -- Growing Stock Report expands its NASDAQ Decliners Weekly Watch List adding Anika Therapeutics Inc. (NASDAQ:ANIK), Delcath Systems, Inc. (NASDAQ:DCTH), and Coronado Biosciences, Inc. (NASDAQ:CNDO).

New York, NY -- (SBWIRE) -- 04/16/2013 -- Growing Stock Report expands its NASDAQ Gainers Weekly Watch List adding Anika Therapeutics Inc. (NASDAQ:ANIK) and Neogenomics Inc. (NASDAQ:NEO).

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New York, NY -- (SBWIRE) -- 03/04/2013 -- Growing Stock Report expands its NASDAQ Gainers Weekly Watch List adding Anika Therapeutics Inc. (NASDAQ:ANIK) and eHealth, Inc. (NASDAQ:EHTH)

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Even though it was a negative day on Wall Street on Thursday, we had a lot of stocks that did very well. We are going to take a look at some of those, most of which are point-plus gainers, and see what might be in store for them in coming days.

Anika Therapeutics Inc. (ANIK) has had a beautiful run up, triggered by a breakaway gap back in October 2011. It moved up quick nicely from November to May, and then it got hit, taking it into a long consolidation for three months. On Thursday, it exploded through the moving average and price resistance to closing at the upper end of the range, up 3.32 to 15.11, or 28%, on 556,000 shares, which was the second best volume day all year. It could very well move up into the 17 1/2 level short-term, and then beyond that, look for something up around 19 – 20.

Ellie Mae, Inc. (ELLI) had a spectacular day on earnings on Thursday. This stock exploded at the upper end of the range, up 5.38 to 24.83, or 27.66%, on 2.4 million shares. The only thing negative about Thursday’s action is just the fact that it’s overbought. Lateral price resistance was taken out with a thrust and a gap. If it has a follow-through, look for something up around the top of the channel in the 26 area, potentially.

Gap Inc. (GPS) had a good da as well on Thursday. It has a big head-and-shoulders-type base, a breakaway gap, a move to resistance, a pullback, and then a plunge through resistance, moving up along the top of the channel, and then it backed off and went back down to test the channel bottom. It moved back up to test, and on Thursday, on earnings, it popped 3.75 to 33.17, or 12.75%, on 20.8 million shares. It looks like it’s headed to 36 short-term, and then to the top of the channel.

MedAssets, Inc. (MDAS) also had a nice day on Thursday, up 3.56 to 15.41, or 20%, on 3.3 million shares. It spiked up to resistance, couldn’t get through, and backed off to test moving average and price support, and then on Thursday, it spiked again. It looks like this stock may have some momentum, so look for a test of the 16 1/4-1/2 range short-term, and if it gets through that, look for something up around 20 – 21 intermediate-term.

Other stocks in our Charts for the Day are Cambrex Corporation (CBM), 8x8 Inc. (EGHT), Gilead Sciences Inc. (GILD), (HCII), H&E Equipment Services Inc. (HEES), Mitek Systems Inc. (MITK), Nationstar Mortgage Holdings Inc. (NSM), Smart Balance, Inc (SMBL), and Wizzard Software Corporation (WZE).

The stock market started out with a topsy-turvy morning as the indices ran up early, came down hard on economic news that was less than desirable, and then bounced around in wedge formation. They broke out midday, but couldn’t get to the highs, backed off to consolidate, and then late in the day, they came on strong with the Nasdaq 100 closing at the day’s high, and the S&P 500 not far from it.

Net of the day, the Dow was down 8.70 at 12,871.39, about 76 points off its low, the S&P 500 was up 3.35 at 1365.51, 10 points off its low, and the Nasdaq 100 up 9.31 at 2625.03, 21 points off the low.

So you can see how they came back in the afternoon.

Advance-declines were nearly 21 1/2 to 9 positive on New York, and 16 to 9 positive on Nasdaq. Up/down volume was almost a little under 2 to 1 positive on New York, with total volume of 727 million shares. The Nasdaq traded a little over 1.75 billion, and had a 2 to 1 positive volume ratio.

It was a very positive day as it turned out at the end, but the question was in doubt at the end, and although the S&P 500 did close near the highs for the day, it still has not broken out above key resistance right at this level. If they move up, or gap up, tomorrow, we’ll have a key breakout from a major bottoming pattern. Nasdaq 100 needs to get over 2635 to do that, but that’s only 10 points.

TheTechTrader.com board was mostly higher at the end of the day. The only stocks that were down were fractionally so other than some of the ultra-shorts. Leading the way in terms of percentage gainers was Tegal Corporation (TGAL), on news of a merger, which was up 1.58 to 5.18, or 44%, on nearly 700,000 shares, which is huge for this stock. Low-priced MEMC Electronic Materials Inc. (WFR) gained 47 cents to 2.64, or 22%, on 18 million shares. ATP Oil & Gas Corp. (ATPG) advanced 65 cents to 4.01, or 19%, on 8.7 million shares. NCI, Inc. (NCIT) ran 71 cents to 4.76, or 18%, 304,000 shares. Alaska Communications (ALSK) gained 32 cents to 2.42, or 15%, on 1.5 million shares. Parkervision Inc. (PRKR) gained 35 cents to 2.73, or 15%, on 1.4 million shares. OCZ Technology Group, Inc. (OCZ) advanced 56 cents to 5.85, or 11%, on 3 million shares.

Acuity Brands, Inc. (AYI) was up 8.06 to 58.97, or 16%, on 1.8 million shares. Theravance Inc. (THRX) jumped 2.49 to 24.71, or 11%, on 1.3 million shares.

Other gainers of note included Green Dot Corporation (GDOT), up 2.13 to 24.25, McMoRan Exploration Co. (MMR) 1.07 to 13.74, Pharmacyclics Inc. (PCYC) 4.67 to 59.28, Multimedia Games Inc. (MGAM) 1.00 to 15.00.

VirnetX Holding Corp (VHC), which we traded today as a swing trade was up 2.85 to 38.10.

Builders FirstSource, Inc. (BLDR) 43 cents to 5.17, NQ Mobile Inc. (NQ) 80 cents to 8.99, Achillion Pharmaceuticals, Inc. (ACHN) 46 cents to 6.66, Smith & Wesson Holding Corporation (SWHC) 58 cents to 8.89, swing trade Idenix Pharmaceuticals Inc. (IDIX) 70 cents to 10.98, Amicus Therapeutics, Inc. (FOLD) 49 cents to 5.99, Exelixis, Inc. (EXEL) 49 cents to 6.02, Constellation Brands Inc. (STZ) 1.75 to 28.81, Incyte Corporation (INCY) up 2.14 to 24.84, and Anika Therapeutics Inc. (ANIK) 1.28 to 14.87.

In addition, the large-cap stocks did well. Apple Inc. (AAPL) jumped 8.52 to 592.52. Amylin Pharmaceuticals, Inc. (AMLN) on a take-over was up 2.50 to 30.71 on 98 million shares. Sourcefire, Inc. (FIRE) gained 1.00 to 52.40. Goldman Sachs (GS) was up 1.27 to 97.13. Onyx Pharmaceuticals, Inc. (ONXX) advanced 1.46 to 67.91. VIVUS Inc. (VVUS) jumped 79 cents to 29.33.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.96 to 91.16, and the Direxion Daily Small Cap Bull 3X Shares (TNA) gained 1.81 to 55.68.

On the downside, the only loser on our board more than a point was the ProShares Ultra VIX Short-Term Futures ETF (UVXY), down 1.29 cents to 8.55. That traded almost 24.00 just a few weeks ago.

Stepping back and reviewing the hourly chart patterns, the indices spiked up, spiked down, spiked up, and kept bouncing back and forth in wedge patterns. Finally, they broke out midday, backed off to retest, and then came on at the end of the day to close very well, and very bullishly, as the bulls took control at the end of the day.

Let’s see how it goes tomorrow.

Good Trading!

Harry

Ugly Day on the Street
by Harry Boxer, TheTechTrader.com

The stock market indices suffered sharp losses to end the week as resistance in the morning became quite obvious, and the indices rolled over confirming that the down trend is in place.

The day started out as they dropped sharply in the morning, bounced around for several hours, formed a wedge, and broke in the last hour, closing at the lows for the day going away.

Net on the day, the Dow was down 136.91 at 12,849.67, the S&P 500 down 17.31 at 1370.26, and the Nasdaq 100 was under 2700, down 41.27 at 2698.99.

Advance-declines were more than 3 to 1 negative on the New York Stock Exchange and 4 to 1 negative on Nasdaq. Up/down volume was more than 6 to 1 negative on New York, total volume 750 million. Nasdaq traded under 1.5 billion shares and had a 6 to 1 negative volume ratio.

It was certainly an ugly day on Wall Street today.

TheTechTrader.com board was mixed. There were quite a few winners, but a lot of low-priced stocks that rallied in the morning got slam-dunked for the day and gave back a lot of the gains. However, Good Times Restaurants Inc. (GTIM) was up 97 cents to 2.07, or 88%, on 2.1 million shares, and at one point in the day traded 3.34. Fonar Corp. (FONR) jumped 40 cents to 3.78, or 11.8%. iGATE Corporation (IGTE) was a winner for us today, up 1.98 to 19.15, or 11.5%, on 1.3 million shares.

In addition, ProShares Ultra VIX Short-Term Fut ETF (UVXY), which we traded today, gained 1.69 to 18.59, or 10%, on 6.5 million shares. VelocityShares Daily 2x VIX ST ETN (TVIX) jumped 51 cents to 8.53. The Direxion Daily Financial Bear 3X Shares (FAZ) took back 1.27 to 22.73.

Other gainers of note included Coinstar, Inc. (CSTR) was up 4.47 to 65.78, but closed well off the high as it gapped up sharply on earnings report. Cheniere Energy, Inc. (LNG), one of our favorites, which we traded today, jumped another 1.16 to 16.86, on 17 million shares. Anika Therapeutics Inc. (ANIK) was a big winner, up 1.08 to 15.80. Arabian American Development Company (ARSD) jumped 77 cents to 10.32. Annie’s, Inc. (BNNY) ran up 2.29 to 43.29. Mattress Firm Holding Corp. (MFRM) was up another 2.00 to 44.57. SodaStream International Ltd. (SODA) jumped 1.03 to 35.62.

On the downside, leading the way was Apple Inc. (AAPL) fell 17.54 to 605.23, with a high of 624, closing 19 points off the high. Goldman Sachs (GS) contributed to the financials’ loss, down 5.30 to 115.09. Cobalt International Energy, Inc. (CIE) was down 1.19 to 28.38.

Ultra-long Direxion Daily Financial Bull 3X Shares (FAS) got slammed big time, down 6.20 to 97.17, and the Direxion Daily Small Cap Bull 3X Shares (TNA) dropped 2.31 to 54.84.

Stepping back and reviewing the hourly chart patterns, the indices came down hard in the morning, bounced mid-day, consolidated, formed wedges, and rolled over into the close at the session lows.

It was an ugly day for the indices and a poor way to close the week.

Good Trading!

Harry

The stock market indices suffered sharp losses to end the week as resistance in the morning became quite obvious, and the indices rolled over confirming that the down trend is in place.

The day started out as they dropped sharply in the morning, bounced around for several hours, formed a wedge, and broke in the last hour, closing at the lows for the day going away.

Net on the day, the Dow was down 136.91 at 12,849.67, the S&P 500 down 17.31 at 1370.26, and the Nasdaq 100 was under 2700, down 41.27 at 2698.99.

Advance-declines were more than 3 to 1 negative on the New York Stock Exchange and 4 to 1 negative on Nasdaq. Up/down volume was more than 6 to 1 negative on New York, total volume 750 million. Nasdaq traded under 1.5 billion shares and had a 6 to 1 negative volume ratio.

It was certainly an ugly day on Wall Street today.

TheTechTrader.com board was mixed. There were quite a few winners, but a lot of low-priced stocks that rallied in the morning got slam-dunked for the day and gave back a lot of the gains. However, Good Times Restaurants Inc. (GTIM) was up 97 cents to 2.07, or 88%, on 2.1 million shares, and at one point in the day traded 3.34. Fonar Corp. (FONR) jumped 40 cents to 3.78, or 11.8%. iGATE Corporation (IGTE) was a winner for us today, up 1.98 to 19.15, or 11.5%, on 1.3 million shares.

In addition, ProShares Ultra VIX Short-Term Fut ETF (UVXY), which we traded today, gained 1.69 to 18.59, or 10%, on 6.5 million shares. VelocityShares Daily 2x VIX ST ETN (TVIX) jumped 51 cents to 8.53. The Direxion Daily Financial Bear 3X Shares (FAZ) took back 1.27 to 22.73.

Other gainers of note included Coinstar, Inc. (CSTR) was up 4.47 to 65.78, but closed well off the high as it gapped up sharply on earnings report. Cheniere Energy, Inc. (LNG), one of our favorites, which we traded today, jumped another 1.16 to 16.86, on 17 million shares. Anika Therapeutics Inc. (ANIK) was a big winner, up 1.08 to 15.80. Arabian American Development Company (ARSD) jumped 77 cents to 10.32. Annie’s, Inc. (BNNY) ran up 2.29 to 43.29. Mattress Firm Holding Corp. (MFRM) was up another 2.00 to 44.57. SodaStream International Ltd. (SODA) jumped 1.03 to 35.62.

On the downside, leading the way was Apple Inc. (AAPL) fell 17.54 to 605.23, with a high of 624, closing 19 points off the high. Goldman Sachs (GS) contributed to the financials’ loss, down 5.30 to 115.09. Cobalt International Energy, Inc. (CIE) was down 1.19 to 28.38.

Ultra-long Direxion Daily Financial Bull 3X Shares (FAS) got slammed big time, down 6.20 to 97.17, and the Direxion Daily Small Cap Bull 3X Shares (TNA) dropped 2.31 to 54.84.

Stepping back and reviewing the hourly chart patterns, the indices came down hard in the morning, bounced mid-day, consolidated, formed wedges, and rolled over into the close at the session lows.

It was an ugly day for the indices and a poor way to close the week.

Good Trading!

Harry

It was another big day on Wall Street on Thursday. A lot of the stocks we follow did very well, but the biggest percentage gainer was up 140%, and is the first one that we will discuss.

Medivation, Inc. (MDVN) exploded Thursday on very good cancer drug news, closing yesterday at 16 1/2, and opening on Thursday at 32.72. Early on we said to wait for a pullback on 35, and we got 34.31. It started to move back up, and accelerated in the 40 plus range, which was our target. It pulled back to 39.72, up 23.22, or 140%, on a whopping 14.3 million shares. That was a historical day. Looking at the weekly chart, there was a move up at the end of 2009 and the beginning of 2010, and it went from the 10 - 11 range all the way up to the 40 range. Negative drug news in the early part of 2010 crushed this stock, and eventually, it worked it’s way down into the high single digits around 8 1/2. It came back from that area up into the mid 20s before rolling over to the pullback this summer. The daily chart shows that it formed a wedge, and then on Thursday, obviously one of the biggest days in the history of the company, it got right up near the all-time high. It is an all-time closing though. That kind of strength, that kind of move, and that kind of closing, in particular, gives a pretty good indication that this stock may see mid to high 40s, if not the low to mid 50s, over the course of the next couple weeks. It could be a very nice swing trade here, although it may not get much of a pullback, but if it does, it could be a set-up for high levels. Keep and eye on this one.

Dex One Corporation (DEXO) popped up to it’s major declining topsline and lateral price resistance. Thursday’s action exploded it through the 50-day, and it closed near the upper end of the range. Look for a potential test to take out the 1.55 - 1.60 range short-term, and if that occurs, we could see this stock get up into the 2.00 - 2.25 range, maybe 2.50. Watch for this stock to double over the next couple weeks.

Anika Theraputics (ANIK), a junior biotech stock, jumped 1.29 to 7.33, or 21%, on 300,000 shares on Thursday. That doesn’t sound like a lot, but it’s the biggest volume since May of this year. If it gets through the resistance at its current level, the 8.00 short-term resistance level may be tough to get through. Look to see it back and fill, and consolidate here. If it gets through there, the next target it up around the 9 1/2 - 10 zone.

Tesla Motors, Inc. (TSLA) had a big day as well. After basing out and breaking out at the beginning of October it platformed. It broke out and pulled back for a couple days, and on Thursday it spiked up 3.75 to 32.46, or 13%, on 2.5 million shares. At the end of the day, in particular, was very strong, and it closed within three cents of the high for the day. It certainly was a spectacular close. Look for the next target up around 36.

Other stocks in our Charts for the Day are Orbitz Worldwide, Inc. (OWW), MELA Sciences, Inc. (MELA), SonoSite Inc. (SONO), Abiomed Inc. (ABMD), Alpha Natural Resources, Inc. (ANR), Valeant Pharmaceuticals International, Inc. (VRX), Ocz Technology Group Inc. (OCZ), Fortinet Inc. (FTNT), Fastenal Company (FAST), Verisk Analytics, Inc. (VRSK), Generac Holdings Inc. (GNRC).

The market has been at the crossroads for the last couple days, but Thursday it finally broke to the downside. It looked awfully negative, and some key levels were broken, so we should see some more downside. But we are getting oversold. We’ll have to see what kind of bounce and follow-through we get. Again, we’ll look at a few of both the longs and the shorts.

Anika Therapeutics Inc. (ANIK) popped 79 cents, or 9%, on Thursday. It had a sharp pick up in volume, technicals thrust upwards, and Balance of Power turned from red to green in one day. This stock got up to as high as 10.11, which is right in that resistance zone, and then backed off. We’re going to need some follow-through to get it up past the 10.25-.35 zone for an extension on this. But if it does, look for 12 on it.

Procera Networks, Inc. (PKT) is consolidating bullishly underneath key overhead resistance around the 10.60-70 area. If we can get a pop through that zone, look for 12-12 1/2.

Silicon Graphics International Corp. (SGI), a recent swing trade ours, which met its target around the 18-19 zone, is now continuing to move forward. At this point it appears to want to try the 21-22 zone.

Boxer Shorts

ARM Holdings PLC (ARMH), which was looking kind of toppy, broke down hard with a breakaway gap below the price support and the 50-day moving average. It spiked down 2.74, or 10%, on 11.5 million shares on Thursday. That’s a big drop to the downside. There is some support just below there between the 23-24 zone. So, look for a potential pull down to that level, and then maybe a bounce for another shorting opportunity.

Ultra-Short ETFs

The Direxion Daily Small Cap Bear 3X Shares (TZA), which on Thursday seems to have broken out of a coil back above the 21-day. It still has lateral price resistance up around the 42 1/2 area, which also happens to be the 50-day moving average, and just below the February spike high. So watch that level for a breakout, and above that, this stock could start to really move into the high 40s.

Other stocks in our Charts of the Day video are AeroVironment, Inc. (AVAV), Biolase Technology, Inc. (BLTI), Catalyst Health Solutions, Inc. (CHSI), Majesco Entertainment Co. (COOL), Kongzhong Corp. (KONG), KV Pharmaceutical Co. (KV-A), Repros Therapeutics Inc. (RPRX), Spectrum Pharmaceuticals, Inc. (SPPI).

Boxer Shorts Charts of the Day video include ASML Holding NV (ASML), Broadcom Corp. (BRCM), Carnival Corporation (CCL), Cloud Peak Energy Inc. (CLD), NetApp, Inc. (NTAP), Rovi Corporation (ROVI).

Ultra-Short ETFs include the Direxion Daily Financial Bear 3X Shares (FAZ), and the iPath S&P 500 VIX Short-Term Futures ETN (VXX).