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AAXN, IIN, MED, PTC — Stock Charts to Watch

Charts of the Day video for Tuesday November 20th, 2018


Axon Enterprise, Inc. (AAXN) is getting whacked, dropping another 1.77, or 3.77%, to 45.22, on 1.4 million shares, with a low of 46.28. As recently as a couple weeks ago it was at 62. It has a rollover top, indeed. There’s more to go to the downside. I think we might see a test of the 41-42 zone.

IntriCon Corporation (IIN) did big a rollover-snapback and back to the lows on Tuesday. It was down 79 cents, or 2.42, to 31.86, on 224,290 shares traded. If it breaks here, I think we’ll see 27 on this one.

Medifast, Inc. (MED), a new techtrader swing, has a bear flag. It may be breaking as I am stating this. It was down 3.52, or 2.29%, to 150.39, on 338,606 shares traded on Tuesday. If it gets under 148, watch for a waterfall decline into the 120’s, and then maybe to 115.

PTC Inc. (PTC), another new techtrade swing, was down 1.31, or 1.58%, to 81.35, on 1.9 million shares on Tuesday. It broke the channel, formed a rising wedge, and you can see that it is falling apart. The new target on this one is 65-66 shares traded.

Stocks on the long side included Sphere 3D Corp. (ANY), BioCryst Pharmaceuticals, Inc. (BCRX), VelocityShares 3x Invrs Crude d Oil ETNNew (DWT), ProShares UltraShort Bloomberg Crude Oil (SCO), NVIDIA Corporation (NVDA), Pinduoduo Inc. (PDD), ProShares UltraPro Short QQQ (SQQQ), VelocityShares Daily 2x VIX ST ETN (TVIX), and Tesaro, Inc. (TSRO).

On the short side, stocks included Axon Enterprise, Inc. (AAXN), Copart, Inc. (CPRT), Daqo New Energy Corp. (DQ), Editas Medicine, Inc. (EDIT), Eldorado Resorts, Inc. (ERI), Fortinet, Inc. (FTNT), GruibHub Inc. (GRUB), Guidewire Software, Inc. (GWRE), IntriCon Corporation (IIN), Medifast, Inc. (MED), Nutanix, Inc. (NTNX), PTC Inc. (PTC), Ferrari N.V. (RACE), SiteOne Landscape Supply, Inc. (SITE), Weight Watchers International, Inc. (WTW), and World Wrestling Entertainment, Inc. (WWE).

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