AEGR, EGLE, SCTY, UNXL - Stock Charts to Watch
Charts of the Day video for Thu May 16th 2013
The stock market showed some signs of weakness on Thursday, but it didn’t break yet. The stocks we’re following are still doing well, so let’s take a look at some of those.
Aegerion Pharmaceuticals, Inc. (AEGR) went ballistic on Thursday, running to the top of the channel to the initial target, and then went crazy, up 14.73, or 32%, on 4.7 million shares. It started out in the high 40’s, ran up and wedged several times, formed a coiling-type pattern, and reached 63.72 before backing off a couple points and then coming on again. That was a monstrous move for this stock.
Eagle Bulk Shipping, Inc. (EGLE) also had a monstrous day on Thursday. It was the percent-gain leader for the day, up 54%. This stock, which is in a basing pattern, with kind of a left shoulder-head-right shoulder, broke through the neckline with a breakaway gap on Thursday, and reached the top of the short-term channel by reaching 5.93. It backed off to close at 5.48, up 1.92, on 12.7 million shares. That may be the largest volume this stock has ever seen. Now, if it stalls, or consolidates, or pulls back, there could be an opportunity in here. But the bottom line is that if it blows through, this stock could see 8 1/2 on the next move.
SolarCity Corporation (SCTY) exploded on Thursday. It has gone, literally, from 10 late Dec, early Jan, all the way up to 39 at one point, pulled back on Wednesday, and then on Thursday, it ran 3.52, or 11%, on 3 million shares. If this momentum accelerates, this stock could run into the low-to-mid 40’s. For now, though, watch the 36.85 area.
Uni-Pixel, Inc. (UNXL) had a swing trade put on it for the third time. On Thursday, it was up 1.57, or 4.5%, on 1 million shares. It has a very nice wedging narrowing-type pattern. The volume picked up. It moved up to test the minor resistance zone and took out the declining topsline, but the key will be whether it can get up to the double-tops at the 41, then 45, and then 48-50 zones.
Other stocks on Harry’s Charts of the Day are Erickson Air-Crane Incorporated (EAC), Green Plains Renewable Energy, Inc. (GPRE), GT Advanced Technologies Inc. (GTAT), Halozyme Therapeutics, Inc. (HALO), Interxion Holding NV (INXN), NetApp, Inc. (NTAP), Perion Network Ltd (PERI), Qihoo 360 Technology (QIHU), Revolution Lighting Technologies, Inc. (RVLT), Tesla Motors, Inc. (TSLA), Weatherford International Ltd. (WFT), Zix Corporation (ZIXI), and on the short side, we have CARBO Ceramics Inc. (CRR).