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AAOI, ACAD, DVAX, INMD, NKTR, SWAV — Stock Charts to Watch

Charts of the Day video for Monday November 11th, 2019


Applied Optoelectronics, Inc. (AAOI) popped out in Sept, I put a swing on it that didn’t work, it backed off, popped out, pulled back, and had a nice day on Monday, jumping 1.27, or 12%, to 12.15, with a high of 12.58, on 1.9 million shares on Monday. It looks like it broke out of a base. Watch for a run that tests the 12 3/4-13 as early as Tuesday. If it takes that out, you might see something in the 14 1/2-3/4 zone, and then the secondary target is up at 18. It looks like it might be turning around.

ACADIA Pharmaceuticals Inc. (ACAD) broke out of a coil on Monday, or at least the wedge that I pointed out over the weekend, with a pop of 2.63, or 6.17%, to 45.24, reaching 45.87, on 2.6 million shares. Breaking out of that range now tells me that it’s headed to 51, and then 54-55.

Dynavax Technologies Corporation (DVAX) popped 40 cents, or 7.6%, to 5.66, with a high of 5.69, on 1.1 million shares on Monday. I put a swing target on this stock in Sept, it rolled back, expanded the base, broke out, flagged, popped, retested, and popped again on Monday. It looks like this is going higher. Targets are 6 1/2 and 8, going forward.

InMode Ltd. (INMD) had another explosive day on Monday, and popped 4.97, or 12.29%, to 45.41, with a high of 46.24, on 1.9 million shares. The volume doubled. You can see the top of the angle of ascent is 49, which is the target, and may happen as early as Tuesday, as well.

Nektar Therapeutics (NKTR) popped, pulled back, got up to 22.48 on Monday, before pulling back. It jumped 94 cents, or 4.69%, to 20.98, on 7.15 million shares. Sometimes, as I said, they break out, get into a gap, pull back and extend. That’s exactly what NKTR did. Targets are 24-5, 28, and 31 going forward.

ShockWave Medical, Inc. (SWAV) may be going, with a big reversal downward on Friday, and then back up again on Monday, jumping 2.08, or 6.11%, to 36.14, with a high of 35.53, on 321,557 shares traded. I like it’s chances. Targets are 38 1/2 and 43 1/2.

Stocks on the long side included Applied Optoelectronics, Inc. (AAOI), ACADIA Pharmaceuticals Inc. (ACAD), Adverum Biotechnologies, Inc. (ADVM), Agenus Inc. (AGEN), Digital Turbine, Inc. (APPS), Aquestive Therapeutics, Inc. (AQST), Constellation Pharmaceuticals, Inc. (CNST), Corcept Therapeutics Incorporated (CORT), Dynavax Technologies Corporation (DVAX), Entercom Communications Corp. (ETM), Gravity Co., Ltd. (GRVY, InMode Ltd. (INMD), Jounce Therapeutics, Inc. (JNCE), Kodiak Sciences Inc. (KOD), Repro Med Systems, Inc. (KRMD), Nektar Therapeutics (NKTR), Invitae Corporation (NVTA), ShockWave Medical, Inc. (SWAV), and TechTarget, Inc. (TTGT).




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