By Harry Boxer
Here are four momentum charts to watch.
Clovis Oncology Inc. /zigman2/quotes/201295534/composite CLVS -10.50% had a very good day on Tuesday, up 2.04, or 5%, to 42.52 on four million shares traded. The move closed the stock above lateral resistance at 40.00, and positioned it right at the top of the mini two-month rising channel within its longer-term up channel. A follow-through on Wednesday could lead to 46.00 and then 49.00 next.
Check out Harry’s video analysis of this stock on the last page.