NEW YORK (TheStreet) -- Here are four of our swing trade ideas -- and all of them appear to have more room to run.
1. Arris Enterprises
Arris Enterprises (ARRS) was up another 44 cents on Thursday, or 1.3%, to $33.35 on 1.6 million shares. On Friday at 1 p.m., shares were trading at $33.20.
After a several-week up-move, the stock recently stalled and formed a little flag. That flag may have been broken to the upside on Thursday, although the volume wasn't great.
If the stock does extend, the parallel channel could point the stock to $37 to $38.
InterMune (ITMN) has a very nice pattern and is setting up very well. It has a solid rising channel underway, and may be coming out of a flag of the last couple weeks.
The stock has closed up three days in a row, gaining 91 cents to $40.87 on Thursday on nearly 1.8 million shares. On Friday as of 1 p.m., InterMune was up again -- trading at $41.49.
Our target is the top of the channel at $48 to $49.
Ophthotech (OPHT) is looking great. It popped two to three weeks ago, and then formed a little mini-wedge on low volume. That chart convinced me it was going higher.
It certainly has, rising from about $36.50 up to Thursday's high at about $45.50. Friday that softened slightly as of 1 p.m., to $45.21.
The stock still looks like it can achieve higher levels -- maybe $47.