Charts of the Day Video by Harry Boxer Harry's Charts of the Day video presentation. en-us 2017-07-24 20:40:08 2017-07-24 20:40:08 (Harry Boxer) 110 137 Charts of the Day Video by Harry Boxer CAI, DVAX, EXEL, KRO CAI International, Inc. (CAI), one of our swing trades, is acting great. On Friday, it popped, and followed through on Monday, popping 1.00, or 3.86%, to 26.93, on 427,730 shares traded. That may be the best volume all year. At this point, I would not be shocked to see a run to 30. The top of the channel shows this stock to be a 40-dollar stock.

Swing trade Dynavax Technologies Corporation (DVAX) popped 1.05, or 11%, to 10.65, on 3.85 million shares traded on Monday. That’s the biggest volume in four or five weeks. It looks like it’s breaking out. Keep an eye on the 10.70 level on Tuesday, and if it gets through that, we could see 12, 13, or more short-term. It’s a good-looking chart, biotech’s are on the move, and this is one to put on your watch list.

Exelixis, Inc. (EXEL) is extending, gaining 88 cents, or 3.23%, and reaching over 28.11, on 3.8 million shares traded on Monday. That’s the first time I can recall seeing it over 28.00. If you go as far back as 17 years ago, it was up in that zone, but for now, it has a beautiful rising channel and has been on our swing list since it was a single-digit number in the mid-single digits. It’s now five-fold, and on Monday, it broke out. My short-term target is 29 1/2-30. It has 3 days to cover short.

Swing trade Kronos Worldwide, Inc. (KRO) is moving nicely. After it broke out and ran up, it coiled, and popped out again on Monday, gaining another 54 cents, or 2.67%, to 20.76, on 467,148 shares traded. Watch the spike high at 21.10. If it gets through that, targets going forward are 23 1/2, and 25.00. It has 6 days to cover.

On the long side, stocks included Applied Optoelectronics, Inc. (AAOI), Baidu, Inc. (BIDU), Baozun Inc. (BZUN), CAI International, Inc. (CAI), Cymabay Therapeutics, Inc. (CBAY), The Chemours Company (CC), Dynavax Technologies Corporation (DVAX), Exelixis, Inc. (EXEL), Genocea Biosciences, Inc. (GNCA), ImmunoGen, Inc. (IMGN), Impax Laboratories Inc. (IPXL), Kite Pharma, Inc. (KITE), Kronos Worldwide, Inc. (KRO), Direxion Daily S&P Biotech Bull 3X ETF (LABU), Lumentum Holdings Inc. (LITE), Momo Inc. (MOMO), Spark Therapeutics, Inc. (ONCE), PetMed Express, Inc. (PETS), Scientific Games Corporation (SGMS), Sierra Wireless, Inc. (SWIR), Trupanion, Inc. (TRUP), Wynn Resorts Ltd. (WYNN), Yirendai Ltd. (YRD), and YY Inc. (YY).

]]> 2017-07-24 20:40:08 CAI, DVAX, EXEL, KRO
2017-07-22 14:30:45 2017-07-22 14:30:45 2017-07-22 14:30:45 CBAY, FSLR, IPXL, SPWR Cymabay Therapeutics, Inc. (CBAY), one of our swing trades, after announcing a secondary, and getting smacked to 4 3/4 Monday night, it opened at 5.50, ran up to 7.00, and closed up 96 cents, or 16%, to 6.94, on 5.1 million shares traded. There’s less than 2 days to cover on this one, so I’m not sure how far we can go. Let’s see if it will get up to Monday’s high at 7.77. If it surpasses that, I’m looking near 9.00 for the next target.

First Solar, Inc. (FSLR) is also acting great, jumping 1.30, or 3%, to 44.02, on 2.9 million shares traded. From where it started, the breakout and pullback, I gave you something around the 33-4 range. It’s 4 waves up, and the fifth wave is underway. It may very well get an extension quickly to take this one up to the 47-8 zone. I don’t know whether it will extend much beyond that before it pulls back, but there is 5 days to cover, and that could fuel the fire.

Impax Laboratories Inc. (IPXL) gained 15 cents to 18.25, on 1.8 million shares traded on Tuesday. It has a left and right shoulder-type pattern that I’m really liking. It has had a nice move up, and a 3-wave corrective move. That’s wave one and two, and wave three is underway. I think wave three will get to 20 before it’s over, pulls back, and then runs into the low to mid 20’s. It has 4 days to cover short. I like the overall structure and look of this one. It has good technicals.

SunPower Corporation (SPWR) is acting great. Along with First Solar, we’re doing very well with our solar stocks. It popped on Tuesday, and was up 70 cents, or 7%, to 11.07, on 7.2 million shares traded. Although there was a gap, the target above the gap is about 12 1/2. It may pull back and consolidate at that point. I’m looking for 14 and 17 as the next targets.

On the long side, stocks included Applied Optoelectronics, Inc. (AAOI), Agenus Inc. (AGEN), Cymabay Therapeutics, Inc. (CBAY), Eros International (EROS), Amicus Therapeutics, Inc. (FOLD), First Solar, Inc. (FSLR), Impax Laboratories Inc. (IPXL), JinkoSolar Holding Co., Ltd. (JKS), KEMET Corporation (KEM), Nektar Therapeutics (NKTR), NUTANIX, INC. (NTNX), Puma Biotechnology, Inc. (PBYI), Quidel Corporation (QDEL), SodaStream International Ltd. (SODA), SunPower Corporation (SPWR), TRAVEL B.V. (TRVG), and Yirendai Ltd. (YRD).

]]> 2017-07-18 18:40:07 CBAY, FSLR, IPXL, SPWR
2017-07-15 14:00:33 2017-07-15 14:00:33 2017-07-15 14:00:33 FOLD, KRO, SGMO, SIEN Amicus Therapeutics, Inc. (FOLD), one of our swing trades, did phenomenal on Tuesday, popping 2.66, or 26%, to 12.92, on 24 million shares traded. My targets at 11 and 13 were both hit. A breakaway gap out of this entire base could be a sign that this stock is going higher. The next target is 15, and then 18. There’s 12.76 days to cover.

Kronos Worldwide, Inc. (KRO), which we gave you a swing on Monday, ran up, and on Tuesday extended, running up to 20.64, and then closed up 88 cents, or 4.49%, to 20.47, on a million shares traded. That’s the biggest volume since early May when it popped. I’m looking for an extension to 23-4.

Sangamo Therapeutics, Inc. (SGMO) may have broken out of a 2-week flag, and popped 55 cents, or 6.32%, to 9.25, on 1.25 million shares traded on Tuesday. If it extends, watch for a move through 9.65 to get up to 10 1/4, and 11 1/2-3/4. It has 7.11 days to cover.

Sientra, Inc. (SIEN) is a stock that I have been following for a long time. I really liked it when it broke out of the inverse head-and-shoulder and ran up in Nov-Dec 2015, we had a swing on it, and it went nowhere for a year and a half. It formed a very big base. It broke out on Tuesday with energy on nearly a million shares traded. I put a swing on it early-on Tuesday, and it extended out to 10.84 before it closed up 1.18, or 12.4%, to 10.68. I'm planning on this heading up towards 14 in the next couple weeks. There’s 10 days to cover.

On the long side, stocks included Arena Pharmaceuticals, Inc. (ARNA), BeiGene, Ltd. (BGNE), ChemoCentryx, Inc. (CCXI), Catalyst Pharmaceuticals, Inc. (CPRX), Amicus Therapeutics, Inc. (FOLD), Halcón Resources Corporation (HK), Kronos Worldwide, Inc. (KRO), Mitek Systems, Inc. (MITK), Nektar Therapeutics (NKTR), NovoCure Limited (NVCR), Sientra, Inc. (SIEN), Sangamo Therapeutics, Inc. (SGMO), Square, Inc. (SQ), and Yirendai Ltd. (YRD).

Stocks on the short side included AutoZone, Inc. (AZO), Central Garden & Pet Company (CENT), Glaukos Corporation (GKOS), MYR Group Inc. (MYRG), Simon Property Group, Inc. (SPG), Veritiv Corporation (VRTV), and WAVE Life Sciences Ltd. (WVE).

]]> 2017-07-11 19:50:09 FOLD, KRO, SGMO, SIEN
2017-07-08 13:40:23 2017-07-08 13:40:23 2017-07-08 13:40:23 CALA, HDSN, CENT, IPHI Calithera Biosciences, Inc. (CALA) was up 1.85, or 12%, to 17.60, to 1.5 million shares traded on Wednesday. It broke out of a coil on Monday, followed through, tested the 17.70 area, tagged 17.90, and closed at 17.60. With nearly two days to cover, and with a strong trend, after wave one and two of wave three, I think that if it’s starting here, it will get to at least 21.00, maybe even to the mid 20’s.

It was a nice day for Hudson Technologies Inc. (HDSN) on Wednesday, popping 31 cents, or 4%, to 8.88, on 1.16 million shares traded. It's been up three days in a row now on pretty good volume. That’s the highest close in 20 years. The last time it saw the 900-range was back in ’97 on June 3. The volume on a monthly basis is huge. It has a breakaway gap, a wedge, multiple 5-wave moves, then a pullback on wave two, and wave 3 of 3 is starting, which could take it to the 11-12 area. It has 7.3 days to cover.

Stocks on the Short Side….

Central Garden & Pet Company (CENT) was down 55 cents, or 2%, to 31.13, on 54,932 shares traded on Wednesday. The major trend channel has been broken, a bear flag formed, and it looks like it’s headed lower. If it cracks and technicals roll over, it could very well be headed for wave three that will take it down to the mid 20’s.

Inphi Corporation (IPHI) actually gained 31 cents to 34.18, on 941,009 shares traded on Wednesday. It had a head-and-shoulder breakdown, a snap back, I gave you a short on it, it came down and bounced, formed a wedge, and now it’s coming down again and consolidating here. If this breaks 33-33 1/2, it could reach down to 30, and then 26 1/2-27.

On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Achillion Pharmaceuticals, Inc. (ACHN), Advanced Micro Devices, Inc. (AMD), Baozun Inc. (BZUN), Calithera Biosciences, Inc. (CALA), Hudson Technologies Inc. (HDSN), ImmunoGen, Inc. (IMGN), KEMET Corporation (KEM), Direxion Daily S&P Biotech Bull 3X ETF (LABU), NovoCure Limited (NVCR), and OraSure Technologies, Inc. (OSUR).

On the short side, stocks included AutoZone, Inc. (AZO), Aspen Technology, Inc. (AZPN), Central Garden & Pet Company (CENT), Ebix Inc. (EBIX), Inphi Corporation (IPHI), KMG Chemicals, Inc. (KMG), PCM, Inc. (PCMI), Parsley Energy, Inc. (PE), Ralph Lauren Corporation (RL), Shopify Inc. (SHOP), Simon Property Group, Inc. (SPG), Veritiv Corporation (VRTV), and Yelp Inc. (YELP).

]]> 2017-07-05 20:10:07 CALA, HDSN, CENT, IPHI
2017-07-05 19:30:06 2017-07-05 19:30:06 2017-07-05 19:30:06 2017-07-01 13:25:21 2017-07-01 13:25:21 2017-07-01 13:25:21 Pattern Recognition Techniques for Picking Winning Stocks 2017-06-28 11:20:11 Pattern Recognition Techniques for Picking Winning Stocks