CALL, EBS, KKD, SQNS Among Charts to Watch

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Still, there are a lot of bullish charts and a lot of stocks breaking out. We’ll take a look at some of those longs since there’s still quite a few of them.

VocalTec Communications Ltd. (CALL) had a big day on Thursday. This is a very volatile stock. A year ago in July and August it exploded, going from 6.00 all the way up to near the 40 range, in just that month or so. After coming back down and basing out for the better part of this year, it popped on Thursday, up 3.30, or 15.2%. It was thinly traded, and only traded 159,000 shares, so it’s got to be watched carefully. If today was a breakout, and we’re going to see an accelerated move here, the targets are 29 and 33.

Emergent BioSolutions, Inc. (EBS) surged on Thursday after this biotech company received a contract with the U.S. government for 44.75 million doses of its BioThrax anthrax vaccine. The key move on Thursday was that it exploded through January, March and April highs and got up to 26.41 before backing off. It was up 3.33, or 15.5%, on a huge 3.4 million shares. This could be a trigger for this one to go substantially higher, up around the 28 – 29 zone potentially.

Krispy Kreme Doughnuts, Inc. (KKD) had a nice follow-through day on Thursday, up another 1.00, or 12.7%, on 4.8 million shares. After the breakaway, 2-day run, and the pullback on Wednesday, it popped again. We’re looking for a move to 9 3/4 – 10 short-term.

Sequans Communications S.A. Ame (SQNS) is acting great. After a 2-day pop and a pullback on Wednesday, it bounced again on Thursday, up 1.57, or 13%, on 3.2 million shares traded. It formed a little wedge and looks like it could pop of that wedge and run some more. We’re looking for a target around 16 – 16 1/2 short-term.

Other stocks in our Charts for the Day are Achillion Pharmaceuticals, Inc. (ACHN), Cubist Pharmaceuticals Inc. (CBST), Clean Diesel Technologies Inc. (CDTI), ClickSoftware Technologies Ltd. (CKSW), Cardiovascular Systems Inc. (CSII), DUSA Pharmaceuticals Inc. (DUSA), 8×8 Inc. (EGHT), Elan Corp. plc (ELN), Glu Mobile, Inc. (GLUU), ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS), Quepasa Corp. (QPSA), Quantum Fuel Systems Technologies Worldwide Inc. (QTWW), ZAGG Incorporated (ZAGG).

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