This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Here Are 4 Momentum Charts to Watch for Thursday Trading

NEW YORK (TheStreet) -- Here are four stocks in strong uptrends, at or near key breakout levels with more room to run.

Inovio Pharmaceuticals (INO - Get Report) has had quite a pop in the last four days, going from $9.40 all the way up to $14.20 at one point on Wednesday. It closed at $13.10, up $1.96, or 17.5%, on huge volume of 12.9 million shares. The close remained above lateral resistance from its recent high, and the target now is $15 1/2-3/4, which is next lateral resistance from the Feb-Mar double-top, followed by the top of the channel at around $20.

InvenSense (INVN - Get Report) has been doing great in the last few days, taking out the recent double-top in the $24 1/2 area, which was also a cluster of highs in March. The stock has been in a steep ascending channel since mid-May, with targets at the short-term channel top of $28 followed by the longer-term channel top at $32.

Read More: Amazon Earnings: What Wall Street's Saying

InterMune (ITMN) has also been doing well, breaking out of a coil in the last few sessions. It was up $1.26, or almost 3%, to $46.40 on Wednesday, on 2.6 million shares. The stock is up against the mid-June high at $47.65, reaching $47.72 intraday Wednesday before backing off.  If it can get through there, the targets are $49 1/2, $52 1/2, and then $56.

SouFun Holdings (SFUN - Get Report) took out its declining tops line on Tuesday, and followed through on Wednesday with a move up $1.18, or 11%, to $12.00 on 18.6 million shares. Watch for it to test the channel top at $13 1/4, and then lateral resistance at $14 1/2.

See Harry's video chart analysis on these stocks.

At the time of publication the author had no position in any of the 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ITMN $73.89 -0.03%
INVN $15.26 0.00%
INO $8.28 0.00%
SFUN $5.96 0.00%
AAPL $123.25 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs