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6 Stocks To Watch: Snap Jumps As Logistics Partners Explodes Higher

1. Bloom Energy

Bloomg Energy (NYSE:BE) made a big reversal in mid-March, formed a beautiful bottom, a right-hand extended V, popped, flagged and took off, and then on Wednesday, it ran 1.18, or 17.4%, to 7.95, after reaching a session high of 8.09, on 3.9 million shares traded. This stock acts well and like it wants to go higher. The next target is 9 1/2.

2. Delek Logistics Partners

Delek Logistics Partners (NYSE:DKL), and oil stock, exploded out of a V-bottom, with a right-hand extended platform, and on Wednesday it had a huge gain of 5.17, or 59%, to 13.98, after reaching an early session high of 14.45, on 3.7 million shares traded, the biggest volume I think has ever been traded on this stock, and then it popped another 32 cents in after-hours that took it up to 14.30. It went from 9.60 to 14.45 in one session. I’m looking for a follow-through to test the gap and moving average, but for now the target is 17.

3. Kirkland Lake Gold

Kirkland Lake Gold (TSX:KL), one of my old favorites, made a huge jump in mid-March, pulled back, formed a V-bottom, broke out, formed a falling wedge twice, and it looks like it’s five waves up, but it broke out again on Wednesday, taking it up 3.15, or 9%, to 39.82, with a session high of 39.98, on 2.6 million shares traded. There’s some resistance at Wednesday’s high, and needs to get to 40. If it does get through, 45 is the next target.

4. Neon Therapeutics

Neon Therapeutics (NASDAQ:NTGN) broke out of a wedge on Wednesday, and did it with a gain of 66 cents, or 27%, to 3.09, with a session high of 3.28, on 2.3 million shares traded. I like the way it looks a lot and I think it’s going to test the next target around 4 1/4.

5. SilverBow Resources

SilverBow Resources (NYSE:SBOW) exploded for the second day in a row, jumping 2.25, or 59.2%, to 6.03, after reaching a session high of 4.9 million shares traded. That’s huge volume for this stock. I think it will go to 7 1/4 before it pulls back, but if it keeps this momentum, we might see it at 10-dollars.

6. Snap (SNAP)

Snap (NYSE:SNAP) broke out with a major thrust, gaining 4.56, or 37%, to 17.01, not far off the session high at 17.15, on a whopping 169 million shares traded. That was a massive move on a strong earnings report. Wall Street likes it. I like it. Next targets are 18 and 20.

Stocks on the long side

Apache Corporation (NYSE:APA), AngloGold Ashanti Limited (AU), Bloom Energy Corporation (BE), BioNTech (BNTX), BioSig Technologies, Inc. (BSGM), Compugen Ltd. (CGEN), Cytosorbents Corporation (CTSO), Delek Logistics Partners, LP (DKL), GenMark Diagnostics, Inc. (GNMK), Genprex, Inc. (GNPX), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Inovio Pharmaceuticals, Inc. (INO), Inseego Corp. (INSG), Kirkland Lake Gold Ltd. (KL), Mallinckrodt plc (NYSE:MNK), Nordic American Tankers Limited (NAT), Nautilus, Inc. (NLS), Neon Therapeutics, Inc. (NTGN), SilverBow Resources, Inc. (SBOW), Snap Inc. (SNAP), Scorpio Tankers Inc. (STNG), Teladoc Health, Inc. (TDOC), Trillium Therapeutics Inc. (TRIL), Verastem, Inc. (VSTM), and ZOOM Technologies, Inc. (ZOOM).

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