Charts of the Day

BLOX, DRNA, ITCI, SGMO - Stock Charts to Watch RSS

Charts of the Day video for Tue December 1st 2015

Charts of the Day
It was a really interesting day on Wall...

It was a really interesting day on Wall Street on Tuesday. There was a big surge at the opening, a large consolidation-type wedge, and then at the end of the day they tried to rally, and did a good job of doing that, and finishing at the highs for the day. That was a positive session for Wall Street. A lot of stocks that we follow did well. Let’s take a look at some old ones, new ones, and some swing trades, and see how they are doing.

Infoblox Inc. (BLOX) had been on our Top 25 for the year, and did very, very well until it rolled over, going from 28 all the way down to 13. It did turn around with a break away gap, and popped 3.31 to 18.35, or 22%, on 6.8 million shares on Tuesday. With 6.23 days to cover, it looks like it’s going to extend to 20-20 1/2, and maybe 22. Those are the targets going forward.

Dicerna Pharmaceuticals, Inc. (DRNA) has a very impressive pattern. It ran up, rolled over, came down in a nice declining channel with a left shoulder-head-right shoulder, pulled back in an orderly fashion, and stair-stepped its way higher for the last six days. It popped out of the neckline on Tuesday, up 1.11 to 14.47, or 8.3%, on only 125,300 shares traded. That is average volume for this stock. It has 8.43 days to cover. But the inverse head-and-shoulder pattern was broken at the neckline. Look for a quick test of the 15-15 1/4 zone, and then maybe 18. Those are the targets for DRNA.

Intra-Cellular Therapies, Inc. (ITCI) has an interesting chart. After the explosive move in September, and then the pullback, it’s been moving up steadily for a couple months. It pulled back on Monday, but it reversed and was back up again on Tuesday, up 2.39 to 55.72, or 4.48%, on 493,500 shares traded. As long as it holds that line it will be good. Don’t let it get under 47 1/2. That's the stopping point. If it takes off, this stock could run up to the mid 70’s.

Sangamo Biosciences Inc. (SGMO) is looking good. The major declining channel broke in Oct, it moved up, formed a falling wedge, and then the OBV spiked up on volume on Tuesday as it broke out 94 cents to 9.22, or 11.4%, on 2.5 million shares. That’s the best volume in weeks. If it can get through 9.40-.50, it should see 11.00 short-term.

Other stocks on the long side include A10 Networks, Inc. (ATEN), Dehaier Medical Systems Limited (DHRM), GlobeImmune Inc. (GBIM), Integrated Device Technology, Inc. (IDTI), LGI Homes, Inc. (LGIH), LifeLock, Inc. (LOCK), Maxwell Technologies, Inc. (MXWL), NVIDIA Corporation (NVDA), Nevro Corp. (NVRO), Relypsa, Inc. (RLYP), TerraForm Power, Inc. (TERP), Vuzix Corporation (VUZI), and Inc. (WUBA).

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