There are some stocks that we have not been trading for a little while, but, seem to have drawn a bottom, or are in the process of bottoming. The markets have been volatile this week, and, we have not been trading much. I want to take a look at some stocks that have upside potential in the near-term.
CYBR popped +8.79% today. It looks like it is drawing a bottom at around $37. We could see an upside potential to $46-$52 in the near-term.
AMBA has been working really hard to establish a bottom. This could have quite an upside potential, perhaps to $70.
LCI jumped +6.42% today. It has also turned the corner. This could easily test $46.
BIIB has been in trouble since August. It could be turning the corner now. If it does, it has a LOT of upside!
The health insurance stocks are all drawing bottoms. They were all up today.
Near-term targets: HUM $180-$185; CI $145-$155; ANTM $140-$150.
Good night and HappyTrading! ™