This Retailer Among is Our 4 Momentum Stocks to Watch

Harry Boxer  |

Image via Mike Mozart/Flickr CC

Today’s top charts to watch include a specialty retailer and an e-commerce company in addition to two drug makers.

Abercrombie & Fitch Co.  (ANF) gained 79 cents to $26.36 on 1.3 million shares Tuesday on no news. The stock, which is in a 1-year up-channel, tested rising trend line support in early June and again recently. Tuesday’s move broke it out of a declining wedge, with the June high near $28.75 the next target, followed by the low $30’s.

Arrowhead Pharmaceuticals, Inc.  (ARWR) jumped 65 cents to $16.45 on 1 million shares traded Tuesday. The move came on no news from the developer of RNA interference drugs. The stock has been in a week-long flag after its breakout from another flag during what has been a steep ascent since early May. A move through Monday’s high near $16.75 could propel the stock to the channel top near $22.

Etsy, Inc.  (ETSY) advanced $1.34 to $44.25 on 1.2 million shares Tuesday. The e-commerce company saw its shares pop in June on improved guidance and a roll out of its new user toolkit, and it has since been in a high-level consolidation. A break above recent highs at about $45.50 could accelerate the stock to $52-$53.

Zafgen, Inc.  (ZFGN) rose 52 cents to $10.56 on 444,800 shares Tuesday. There was no news from the company, which develops therapies for patients suffering from metabolic diseases. Tuesday’s move broke the stock out of a mini flag that had followed its steep advance since late June. A break of recent highs near $11.25 could get the stock to $12.75 next.

See Harry's video chart analysis on these stocks.

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

DISCLOSURE: No holdings.


The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.

Companies

Symbol Name Price Change % Volume
ETSY Etsy Inc. 42.00 0.16 0.38 5,042,559 Trade
ZFGN Zafgen Inc. 0.76 0.01 1.33 140,595 Trade
ANF Abercrombie & Fitch Company 18.45 0.50 2.79 1,639,375 Trade
ARWR Arrowhead Pharmaceuticals Inc. 47.44 -1.06 -2.19 2,376,157 Trade

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Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

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