NEW YORK ( TheStreet) -- These five stocks have had strong recent moves and show no sign of slowing.
Achillion Pharmaceuticals (ACHN) has rallied back after breaking down last week. A several-day flag was followed by a breakaway gap on Monday, a retest of resistance and then a pullback on lower volume on Tuesday, and then the follow-through yesterday. The stock spiked $2.37, or 19%, to $14.85, on 20 million shares, after reversing off $12. Now it's through the mid-channel line, and a follow-through could get it to $18, and then $20-$22.
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Groupon (GRPN) jumped another 30 cents, or 3.85%, to $8.10 on 45.6 million shares on Wednesday. It had a big breakaway on October 31 and run-up to over $8.00, followed by a four-day pullback, before rallying on Tuesday and Wednesday. The six-month base has been broken, and the next target is a test of the February gap around $8.95-9.00 short-term. The secondary target is $11.25-.50.
Orexigen Therapeutics (OREX) had a big day on Wednesday. The stock has soared this week after reporting better-than-expected, third-quarter earnings on Monday. It looks headed towards lateral resistance at $6.50. If it gets through that, it could make a run at the March high near $7.50-.75, my swing-trade target.
Rackspace Hosting (RAX) broke out through the neckline of a massive head-and-shoulders rounding-bottom pattern on Tuesday, running up $4.93 to $42.25, on 12.9 million shares. Watch for a move to the $46.50 area first, and then $50.00 and $55.00.
TG Therapeutics (TGTX) had a big move on Wednesday, up $1.12, or 8.6%, to $14.03. The stock has blown through lateral resistance of the entire wedge pattern it's been in since July. Volume of 701,100 shares wasn't huge, but it's been up the last five days in a row. It looks like it could reach mid-channel around $17 and possibly as high as in the $19 to $20 zone.
See Harry's video chart analysis on these stocks.