4 High-Volatility Stocks to Watch for Breakouts

NEW YORK (TheStreet) -- Two biotechs and two China-based Internet companies highlight our stocks to watch today, as they carry strong technical momentum.

ADXS Chart

ADXS data by YCharts

1. Advaxis (ADXS)

Advaxis continues its impressive uptrend, up 10-fold since its breakout in December. It's currently in a three-day pennant after spiking over 25% in just a few days on news of FDA-clearance to conduct a Phase 2 drug study involving cervical cancer. On Thursday it rallied for 93 cents to $28.52, and if it can get through $29.50, it could see $32.50-to-$33 quickly, with a secondary target at $39-to-$40.

JUNO Chart

JUNO data by YCharts

2. Juno Therapeutics (JUNO)

Juno Therapeutics has been in a steep ascent since mid-May, and is now challenging its post-IPO highs near $66. The stock, which has been very volatile since its December IPO, exploded for $6.78, or 11.8%, to $64 on Thursday, on 2.7 million shares. That followed news earlier in the week of the company's acquisition of private Boston-area biotech X-BODY Inc. A move through $66 could take the stock to $70 next.

WBAI Chart

WBAI data by YCharts

3. 500.com Limited (WBAI)

China-based 500.com, which provides online sports lottery services, is in a three-month up-channel, reversing off its spike low in March at $7.31. The stock gained $1 to $23 on Thursday on no news, continuing its breakout from its recent falling wedge. Targets are $27 and then the channel top and lateral resistance at $30.

XNET Chart

XNET data by YCharts

4. Xunlei Limited (XNET)

Xunlei, which recently spiked up and then pulled back and held support in a one-week consolidation, is on the move again. The China-based digital media company rallied 10% on Wednesday, and then another 3.6% on Thursday, up 39 cents to $11.22 on 836,900 shares traded. Look for a test of the recent high at $12-to-$12.15, and if it gets through that, the target is in the $14-to-$15 zone.

See video chart analysis on these stocks.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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