4 Stocks Moving on News & Technical Momentum

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Exact Sciences Corporation (EXAS) popped $2.93 to $75.09 on 3.5 million shares Tuesday.  The move continued the momentum from last week when the molecular diagnostics company announced a deal with Pfizer (PFE) to co-promote EXAS's DNA colorectal cancer test.  Last week's 40% move bounced the stock through several layers of resistance, and it has now surpassed its June high of $71.60.  Watch for $80 next.

Ichor Holdings, Ltd. (ICHR) jumped $1.00 to $25.25 on 1.4 million shares Tuesday.  The move followed through from last week when it was announced the semiconductor equipment manufacturer would be added to the S&P SmallCap 600 index.  Friday's gap broke the stock out of a two-month consolidation and bottoming pattern.  Next lateral resistance is $27, a move through which could take the stock to the March highs near $30.

Square, Inc. (SQ) gained $2.55 to $80.80 on big volume of 11.4 million shares Tuesday.  The move came on no news from the payment and point-of-sale solutions company.  The stock has doubled since the start of the year, and has been steadily rising especially since its April low under $45.  Targets are $85-86 followed by the channel top near $98-100.

Unisys Corporation (UIS) advanced 85 cents to $16.75 on strong volume of 1.3 million shares Tuesday.  The move came on news the Georgia Technology Authority (GTA) has selected the information technology company to provide a new hybrid-cloud solution.  The stock, which has been stair-stepping its way up its rising channel all year, has been especially strong in the last month, up nearly 50%.  Immediate target is the channel top near $18, followed by $20.

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Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: EXAS , ICHR , SQ , UIS

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