Outside the Box: Harry Boxer: 3 biotech stocks with momentum

Biotech stocks dominate our list of top charts to watch today.

Axsome Therapeutics Inc. AXSM, -3.74% (AXSM) jumped $1.23 to $13.24 on 1.9 million shares Thursday. The stock is up over 50% this month, and over 400% since the start of the year, as investors await important clinical trial results on the company’s treatment for depression. The stock is a little overbought in the short term — down only once in the last three weeks — but momentum is strong for a move toward $16. Support is at the March 19 low in the $11.40-11.50 range.

Invitae Corp. NVTA, -7.26% rose 71 cents to $25.75 on 1.2 million shares Thursday.

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