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ABBV, AUDC, CRSP, LSCC, SDC — Stock Charts to Watch

Charts of the Day video for Wednesday October 30th, 2019

AbbVie Inc. (ABBV), a swing trade from early Sept, looks like it wants to move higher. On Wednesday, it jumped 1.19, or 1.52%, to 79.66, with a high of 79.79, on 7.2 million shares. Short-term support is at 76. My target on ABBV is 85 short-term. The long-term target is 92. I believe it will get there. I really do.

AudioCodes Ltd. (AUDC) formed a swing trade and is still going. It had a nice breakout this week, and followed through on Wednesday, popping 1.15, or 5.53%, to 21.96, with a high of 22.00 even, on 477,648 shares traded. It may retest the highs. It has a target of 25 short-term.

CRISPR Therapeutics AG (CRSP) ran 3.12, or 6.38%, to 52.04, with a high of 52.28, on 1.6 million shares. That was good volume for this stock. With a surge, has gone from 39, and change, to 52, and change in a week and is up against resistance. It might be short-term overbought, but the swing trade looks good. I’m looking for something in the 62-65 range for the next target on CRSP.

Lattice Semiconductor Corporation (LSCC) formed a big, engulfing reversal bar after dipping down to fill that gap and exploded 88 cents, or 4.68%, to 19.70, with a high of 20.09, on 4.26 million shares. Now the short-term target has to be 21 1/2, and then I’m looking for a swing to 25-26.

SmileDirectClub, Inc. (SDC), a recent IPO, came down in a month-long, 5-wave decline from mid-Sept to mid-Oct, spiked, form a base, broke out, formed a little flag above the moving averages, crossed over, ran up, formed a coil, and on Wednesday, popped 43 cents, or 3.66%, to 12.19, with a high of 12.30, on 2.9 million shares. I really like the way this is shaping up. Targets are 13 1/2, and then 14 1/2-15.

Stocks on the long side included AbbVie Inc. (ABBV), AudioCodes Ltd. (AUDC), Crocs, Inc. (CROX), CRISPR Therapeutics AG (CRSP), Deciphera Pharmaceuticals, Inc. (DCPH), Garmin Ltd. (GRMN), Inphi Corporation (IPHI), IVERIC bio, Inc. (ISEE), Lattice Semiconductor Corporation (LSCC), OneSpan Inc. (OSPN), PG&E Corporation (PCG), Sibanye Gold Limited (SBGL), SmileDirectClub, Inc. (SDC), Unisys Corporation (UIS), Xunlei Limited (XNET).

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