NEW YORK (TheStreet) -- In this topsy-turvy market, there are some attractive charts on both the long and short side.
Among the longs, BioDelivery Sciences International (BDSI) looks like it's ready to make another move. On Wednesday, it gained 39 cents to $13.02, positioning itself right against the declining tops line where a nice little coil has formed over the last month. The move came on 818,000 shares, which is not the big volume it'll need on a break. Resistance is at about the $14.35-$14.38 range. If it gets through that, look for a move up to $16, and then $18.50. It's currently at $12.60, up nearly 114%.
Tesla Motors (TSLA) is acting very well. It had a special day on Wednesday, up $10.50, or 4.4%, to $248.93 on 9.2 million shares. More importantly, it took out the recent high at $244.49, and got as high as $251.42 before pulling back on profit taking. Still, with a close above resitance at the previous high, look for this stock to get to $265. Right now it's near $255, up 69% year to date.
On the short side, Interactive Intelligence Group (ININ) dropped on Wednesday as its bear flag appears to have broken down. It was down $2.12, or 4.63%, to $43.67. Look for a test of the recent low at $40, and then potentially $36 at the bottom of the declining channel. At $43 currently, it's down 36%.
Dealertrack Technologies (TRAK) has a head-and-shoulders topping pattern. It recently formed a rising wedge that broke sharply, and now is forming a bear flag. If the stock takes out $36.25 to $36.50, then it could down to about $31-$32. At $38, it's down 21%.