Werner Enterprises, Inc. (NASDAQ: WERN) – We talked about Werner Enterprises last week. This transportation and logistics company has been forming a bullish ascending triangle pattern for the past few months, and it’s continuing to build up this week. I think this stock has big time gain potential if you wait out for the right entry point. Don’t buy shares until they break above $24.
Cardiome Pharma Corp. (NASDAQ: CRME) – Shares of this life sciences company are forming a decidedly bullish pattern: an ascending triangle. As with Werner, there’s still a little while before this pattern stands to break out. Don’t buy it until it breaks above resistance.
Teekay LNG Partners (NYSE: TGP) – Teekay is a water transportation firm that focuses on moving liquefied natural gas, petroleum gas, and crude oil. While I’m not particularly bullish on water transportation as an industry, this stock has nice gain potential thanks to a new 52-week high breakout we’re seeing.
TICC Capital Corp. (NASDAQ: TICC) – TICC Capital is a closed-end investment company that provides capital to privately held technology companies. It’s an interesting – and potentially risky – business model, but more important is the technical outlook. Shares hit trendline support recently, and they look primed for a bounce higher. This could be an interesting upside trade… but make sure you put a stop right below support.
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