3 Stocks I'm Watching for 7/7/17

Corium International brokeout today on greater than 2X volume & closed at 52 week highs. That's not bearish. Watching this for a continuation play. Small Cap Biotechs & Financials were really the only stocks catching a bid on my screens today. I took a position at the end of the day in $CORI at $8.91; my stop is currently placed at $8.26. If we get a gap up tomorrow, I will likely sell into it as I don't like holding such thinly traded names for too long.

Calithera Biosciences is being carried over from yesterday's watch list. $CALA gave me an entry at the market open, but I missed it. For risk management purposes, I try to give the market at least 30 minutes from the opening bell before making any trades. Unfortunately, that means I miss a lot of good setups/entry points. I'll be watching for some sideways consolidation/slight pullback to digest the most recent gains. I will be eyeing the breakout area for an entry around ~$17.50 in $CALA.

Valeant Pharmaceuticals has been digesting its recent run up nicely by trading in a very tight range. $VRX may need some more time to cool off before it's next run up. This stock traded in the $260's not even a full year ago; so the upside remains tremendous. $VRX is permanently on my watch list now that it's formed what appears to be a long term bottom. A close above $17.00 on good volume will have my full attention. It may want to close the gap on the daily chart around ~$15.80 or even trade back to test it's 200 day moving average around $15.25 before it resumes it's uptrend.

Good Luck & God Bless!

3 Stocks I'm Watching for 7/6/17

Jazz Pharmaceuticals was down slightly today on low volume, but its daily chart looks primed for a breakout above heavy resistance around $160.
I'll be eyeing the $158-$159 area closey in $JAZZ before I put on any position. Biotechs have been hot in the past few weeks, & I'm looking for that trend to continue.

Calithera Biosciences closed at a 52 week high today on strong volume. RSI is still not in the overbought territory (>70) on the daily chart. I'll be watching for a continuation play if it can get above today's high of $17.90. $CALA could also retest it's breakout area of ~$16.50 before it resumes higher.

I'll also be keeping a close eye on the Nasdaq tomorrow (holding overnight positions in both $AMD & $PYPL). The Triple QQQ's have been getting hit pretty hard in the past few weeks after a prolonged period of out performance earlier in the year. It was a nice bounce back today, but 1 day does not make a trend. It will be a healthy sign if the $QQQ can regain & close above it's 8 day EMA around ~$138.25 tomorrow.