G3 Plummet

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Just about the only good thing about today’s ridiculous “trade talks going well” horseshit is that I got out of my December options positions yesterday, since I really don’t like getting so close to expiration. One hero for the day, however, is GIII Apparel Group, which is having a nice 12% tumble. I’ve shown this one many times; the broken long-term trendline was the key.

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A Quartet of Breakouts

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Here are four stocks to watch with strong technical momentum fueled by earnings and other news.

Axsome Therapeutics, Inc. (AXSM) gained 39 cents to $19.54 on Tuesday on 1.4 million shares.  The biotech company announced Monday that the FDA granted Breakthrough Therapy Designation for its therapy for major depressive disorder.  The stock has been a huge climber this year, starting the year under $3.  After flagging in the last week, it looks poised to continue the uptrend, with the next target towards the channel top near $24.

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