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ABBV, REAL, THO, URBN, ZUMZ — Stock Charts to Watch

Charts of the Day video for Monday September 30th, 2019


AbbVie Inc. (ABBV), which I really like a lot, recently broke through moving averages, and lateral topsline, filled the gap, popping 87 cents, or 1.16%, to 75.72, on 7.8 million shares on Monday. It will either pull back and consolidate or keep going. The next targets are 79 plus, and beyond that 82 and 85.

The RealReal, Inc. (REAL) is coming back nicely. It formed a head-and-shoulder’s, broke out, pushed through the moving averages, and jumped 3.01, or 15 1/2%, to 22.36, on 1.95 million shares on Monday. There is going to be some resistance going forward at 23, but I think this stock will make it to 27.

Thor Industries, Inc. (THO) had a big pop on Monday and ran up to resistance, exploding 7.72, or 16%, to 56.64, on 8.3 million shares traded. Watch Monday’s high at about 59 1/2. If it gets through that, it might start running to the 68-9 zone, and might have a really nice move long-term, considering the big down trend that it had, going all the way from 155 to 42-3. It looks like it may have turned around.

Urban Outfitters, Inc. (URBN) recently formed a right-handed extended-V pattern, it platformed, and moving average crossed over. It popped four days in a row, and seven of the last eight days it’s been up. When it popped on Monday, it gained 1.89, or 7.2%, to 28.09, on 4.9 million shares. At this point, my targets are 30 1/2 and 34.

Zumiez Inc. (ZUMZ) has a beautiful base pattern that broke out to the highs, and key resistance is at 33 1/2. It popped out of a falling wedge and gained 1.61, or 5.36%, to 31.67, on 755,208 shares traded on Monday. This could really make a big move. My target is 42, but the interim target is 37.

Stocks on the long side included AbbVie Inc. (ABBV), Avita Medical Limited (AVMXY), Bed Bath & Beyond Inc. (BBBY), Babcock & Wilcox Enterprises, Inc. (BW), VelocityShares 3x Inverse Silver ETN Linked to the S&P GSCI Silver Index ER (DSLV), Direxion Daily Gold Miners Bear 3X ETF (DUST), Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST), Turtle Beach Corporation (HEAR), The RealReal, Inc. (REAL), Seattle Genetics, Inc. (SGEN), Smith Micro Software, Inc. (SMSI), Thor Industries, Inc. (THO), Urban Outfitters, Inc. (URBN), and Zumiez Inc. (ZUMZ).




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