3 Earnings Movers among Our 4 Charts to Watch – Moneyshow.com (registration)

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Harry Boxer is watching four stocks breaking out: KITE, KOPN, LOXO and NVCR.  He’s the founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.


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Here are four stocks looking strong technically and moving on earnings and other news.

Kite Pharma, Inc. (KITE) jumped to a new all-time high of $122.19 Tuesday after releasing quarterly results that beat Wall Street expectations.  The stock closed up $6.58, or 5.7%, to $120.13 on 2.1 million shares traded. The cancer therapeutics stock has risen over 160% year-to-date and broke out of its most recent bull flag consolidation pattern on August 5. If the stock clears resistance at its near-term target range of $127-$128, it could go as high as $150.

Kopin Corporation (KOPN) rocketed 57 cents, or 17%, to close at $3.90 on 1.4 million shares traded Tuesday. That volume, which came with the company’s earnings announcement, is more than three times the stock’s average volume and the largest since March 13. The wearables technology stock is now positioned to test lateral resistance at the July highs near $4.15, with the target beyond that in the $5-$5.50 range.  Short interest of 11 times its average volume could fuel a further move up as shorts cover on a rally.

Loxo Oncology, Inc. (LOXO) rose 21 cents in advance of its earnings announcement Tuesday evening, closing at $73.11.

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