Stocks in technology and health care, and even a restaurant stock, are among four to watch for continued price momentum fueled by positive news.
Attunity Ltd. ATTU, -1.07% jumped 70 cents, or 4.3%, to $16.88 on 751,000 shares traded Tuesday, three times its average volume. The Israel-based data integration software provider announced a license agreement with a large European asset management company to assist in GDPR compliance and cloud analytics. The stock broke out of a year-long coiling base pattern in late April, flagged in June and much of July, and then broke out again a week ago after releasing earnings. Watch for $20 next.
PolarityTE Inc. COOL, +0.44% gained $1.48, or 6.9%, to $22.79 on Tuesday. The move broke the stock out of a mini wedge that followed its bounce off support a week ago. The stock has rallied from a low just above $17 since the developer of regenerative tissue products and biomaterials announced, on July 25, commercial progress on its first product, SkinTE. Resistance is at the intraday high reached that day at around $26, a breakthrough that could lead to $29.50 next.
The Habit Restaurants Inc. HABT, -1.97% followed through for an additional 30 cents to $12.70 on Tuesday, after a 10% rally Monday. Wedbush Securities upgraded the company, which is reporting earnings today, from neutral to outperform, lifting the price target from $10 to $15. The stock has been in a nine-month sideways pattern contained under $11 before its breakout, and is now right up against its major declining tops line. A breakthrough here could take the stock to lateral resistance at $14.40 next.
Tandem Diabetes Care Inc. TNDM, +3.66% popped 11% to $27.56 Tuesday on 3.8 million shares traded, a day after the insulin pump maker reported positive second-quarter financial results. The stock has been in a very steep and orderly up-channel from its low near $2 in February. A break through recent highs at $28.90 could take the stock into the mid-$30s next.
