These three health and technology stocks are on the move and pointing higher.
Advanced Micro Devices Inc. AMD, +2.27% jumped 81 cents to $37.52 on 67 million shares traded Wednesday. On Tuesday, the chip maker announced Tencent TCEHY, +0.21% will use its latest server processors. The stock has been in a steep rising channel since its recent low below $28 in early October. Next target is the rising channel top near $40.
Amarin Corp. PLC AMRN, +2.63% followed through on Wednesday, up 55 cents to $21.49 after popping 23% on Tuesday. An FDA advisory committee is scheduled to meet today to help decide the fate of the company’s fish-derived cardiovascular drug. While trading has been halted this morning in advance of the meeting, the chart points to a test of the July high in the $23.50-$24.00 zone next.
Crispr Therapeutics AG CRSP, +0.07% rose $1.42 to $55 on 1 million shares Wednesday. The move, on no news from the company, continued the gene-editing’s stock’s month-long rally from around $36. It also followed through on Tuesday’s breakout of a mini-wedge. Watch for a move to $58 next.
See Harry’s video-chart analysis on these stocks.
The writer has no holdings in any securities mentioned.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis and live chart presentations.