By Harry Boxer via Iris.xyz
Enphase Energy, Inc. ENPH [NSD] – $17.33 jumped 88 cents to $17.07 on 4 million shares Tuesday. The supplier of solar microinverters announced it will participate in the annual Roth London Conference on June 18-19. The move, on 1 1/2 times its average volume, broke the stock through long-term lateral resistance. The rising channel off its September low below $4 points to a target in the high $20’s.
Pieris Pharmaceuticals, Inc. PIRS [NSC] – $4.33 rose 10 cents to $4.19 on 533,700 shares Tuesday on no news. The biopharma stock recently broke out above its April and May double-tops near $4 and pulled back and flagged for two weeks testing support. Watch for a breakout of the flag to test recent highs in the $4.70 range next. A move through there could take it to subsequent resistance at around $5.50.
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