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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Here Are 4 Momentum Charts to Watch for Thursday Trading

Stocks in this article: INO INVN ITMN SFUN

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

Inovio Pharmaceuticals (INO) 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) 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) 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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,648.61 +291.74 1.68%
S&P 500 2,046.96 +34.07 1.69%
NASDAQ 4,722.2550 +77.9430 1.68%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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