This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Five Stocks Poised to Make More Gains

NEW YORK (TheStreet) -- Here are six stocks we're watching that are setting up for continued upside.

Abraxas Petroleum (AXAS - Get Report), which had been coiling for a few months, popped out in February, retested support, and then ran up hard last month. The stock pulled back and tested the 21-day moving average and then took off again, exploding in the last two sessions. It closed at $4.42 on Wednesday, up 5.5%, on 2.5 million shares. The stock should get to $5.00 in the short term. On a longer-term basis, major resistance comes in at around $6, which is the secondary target.

Neuralstem (CUR) had a nice move on Wednesday as it popped out of a wedge, up 8.3% to $4.66. It has to get through a double-top in the $4.80 area, after which it would be set up to run up to $5.25, and then $6.00.

Flamel Technologies (FLML), a strong junior biotech, is moving. It broke out of a coil last month, retested a couple of times, formed a miniwedge, and then on Wednesday popped $1.29, or 9.8%, to $14.45 on 4.2 million shares. That's the biggest volume on an up day in a couple of weeks. It looks like it's going to retest the high up around $14.95 maybe as early as Thursday, with the target beyond that at $17.00.

Maxwell Technologies (MXWL - Get Report) has a great pattern. It spiked out of its base more than a month ago, and has since made a 5-wave corrective move in the formation of a wedge. On Wednesday, it popped $1.24, or 9.5%, to $14.36 on nearly a million shares to reach the declining tops line of the wedge. If it gets through that, look for it to run hard.

Tower Semiconductor (TSEM), which popped in December and then formed a falling wedge, has since been stair-stepping up nicely in a beautiful channel. On Wednesday, it appears to have popped out of a small, five-day falling channel, gaining 57 cents, or 6.4%, to $9.51 on 331,800 shares. That wasn't good volume, but it was the best in three sessions. If it breaks above $10.00, look for a move to $11.00 and then $12.00.

See Harry's video chart analysis on these stocks.

At the time of publication, the author had no positions in stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AXAS $1.38 4.50%
MXWL $6.01 0.17%
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs