Charts of the Day

Harry's Charts of the Day videos are available nightly to members. Members please login and see Charts of the Day in the "Videos" menu dropdown.

ABBV, FSLY, GDOT, PTGX, SIEN, UNFI — Stock Charts to Watch

Charts of the Day video for Tuesday May 12th, 2020


AbbVie Inc. (ABBV), a biopharma research company, had a nice pop on Tuesday after reaching a session high of 92.23, and gaining 2.56, or 2.9%, to 90.46, on 22 million shares traded. That is the biggest volume in quite a while. There is a short-term peak at resistance. It is either going to pull back or blow through it to the 96-98 zone.

Fastly, Inc. (FSLY), a provider of edge cloud platform, formed a V-bottom mid-March, then a right hand extension, broke out with a breakaway gap, and on Tuesday, it advanced to the highs, jumping 2.78, or 8%, to 37.10, with a multi-week and session high of 38.98, on 6.7 million shares traded. I don’t know if it’s ready to pull back, but you may see low to mid 40’s before it is.

Green Dot Corporation (GDOT) financial technology popped, ran, and settled on an increase of 4.14, or 13 1/2%, to 34.84, with a session high of 36.52, on a solid 1.7 million shares traded. Watch the spike high at 39 3/4, which is my next target.

Protagonist Therapeutics, Inc. (PTGX) popped out of a one-day pullback on Tuesday, adding another 1.37, or 9.36%, to 16.00, with a multi-week and session high of 17.33, on 3.6 million shares traded and an additional 30 cents in after-hours. It is not as steady, and it’s at resistance. If it gets through here, the next target is 23 1/2.

Sientra, Inc. (SIEN), a medical aesthetics, company, popped out a base on Tuesday. It didn’t finish great, but it still gained 32.5 cents, or 15.5%, to 2.74, with a high of 3.31, on 8.4 million shares traded. The next target is 4.40.

United Natural Foods, Inc. (UNFI) broke out of a wedge on Tuesday, and moved up 2.83, or 22%, to 15.51, after reaching a multi-week and session high of 16.70, on 4.6 million shares traded, and another 96 cents in after-hours. UNFI might extend. If it does, my target is 19 3/4.

Stocks on the long side included AbbVie Inc. (ABBV), Altimmune, Inc. (ALT), Alpha Pro Tech, Ltd. (APT), Atomera Incorporated (ATOM), B&G Foods, Inc. (BGS), BioSig Technologies, Inc. (BSGM), Collegium Pharmaceutical, Inc. (COLL), ddog, Eldorado Resorts, Inc. (ERI), Fastly, Inc. (FSLY), Green Dot Corporation (GDOT), Inovio Pharmaceuticals, Inc. (INO), Livongo Health, Inc. (LVGO), MacroGenics, Inc. (MGNX), MyoKardia, Inc. (MYOK), NanoViricides, Inc. (NNVC), Novavax, Inc. (NVAX), Overstock.com, Inc. (OSTK), Protagonist Therapeutics, Inc. (PTGX), Peloton Interactive, Inc. (PTON), Schrodinger, Inc. (SDGR), Sientra, Inc. (SIEN), United Natural Foods, Inc. (UNFI), Veritone, Inc. (VERI), and VectoIQ Acquisition Corp. (VTIQ).




©2001-2020 TheTechnicalTrader (www.thetechtrader.com), a publication of AdviceTrade, Inc. All rights reserved.