Arista Networks (ANET) had a good day on Wednesday, up $3.94, or 6%, to $67.79 on 608,100 shares. The stock, which had held lateral support for three days, broke out of its declining channel on Wednesday's move. The next target is lateral resistance at recent highs in the $72-$73 range, and beyond that $77. Shares are now at $66, up nearly 20% for the year to date.
Read More: 8 Stocks George Soros Is Buying in 2014
Arris Enterprises (ARRS) broke out of a rising triangle pattern on Wednesday, up another 1.06, or 3%, to $35.26 on 2.5 million shares. That's the highest level reached in 14 years. The stock is positioned toward the bottom of its long-term up-channel, and the mid-channel target is up around $39. Shares, at $35, are up 44% YTD.BioCryst Pharmaceuticals (BCRX) on Wednesday broke out of a micro, inverse head-and-shoulders pattern, with a move up 61 cents to $12.86. A move above triple-top resistance at $13.20 could lead to our next target at the top of the channel in the $15.50 to $16 zone. Shares, at $12.55, are up 65% YTD. GoPro (GPRO) had a nice pop on Wednesday, up 2.25, or 5.1%, to $46.32 on 6.4 million shares. That's still not the volume I'm looking for, but it has good momentum, up five points in the last few sessions. At some point the stock may start to spike, with the next target at the recent highs at $48-$49. Right now shares are near $46 and are up 46% YTD. Read More: Warren Buffett's Top 10 Dividend Stocks See Harry's video chart analysis on these stocks. At the time of publication, the author held no positions in any of the stocks mentioned, although positions may change at any time. 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!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV