Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Here are three stocks with continued technical momentum in the days and weeks after strong earnings releases.
Clovis Oncology, Inc. (NASDAQ:CLVS) jumped 75 cents to $7.76 on 8.1 million shares Thursday. The move continued the stock's run-up following the biotech company's better-than-expected earnings release two weeks ago. The stock closed right above lateral resistance, and next target is the rising channel top near $9-9.25.
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Luckin Coffee Inc. ADR (NASDAQ:LK) popped $1.65 to $27.95 on 14.4 million shares Thursday, more than 3x its average volume. Shares in the China-based company have been running since its November 13 quarterly financial release that topped analyst estimates. The stock in recent days pulled back from its high, before Thursday's move. A break back above Tuesday's intraday high of $28.85 could get this to $30-$32 next.
Luna Innovations Incorporated (NASDAQ:LUNA) climbed 20 cents to $7.13 on 636,300 shares Thursday. The move, on nearly double the average volume, came on no news from the fiber optic-based technology company, though the stock has been climbing (now up about 20%) since the company's November 5 earnings release. The stock made a new all-time high at $7.40 intraday Thursday, with the rising channel top pointing to above $8.
Incidentally, we put out a swing trade alert on LUNA for our members when it was at $4.74 on July 10, with a target of $7.50 and a stop at $3.88 (which the stock has remained above).
See Harry's video chart analysis on these and 14 other top charts.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.