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ABEO, AOSL, AUDC, AVMXY, NERV — Stock Charts to Watch

Charts of the Day video for Wednesday September 18th, 2019


Abeona Therapeutics Inc. (ABEO) has been in a downtrend since 9.00, and change, down to 1.46, not even three weeks ago. It exploded two weeks ago, and has been coiling and consolidating for a couple weeks now. On Wednesday, it popped 28 cents, or 10%, to 3.20, on 882,081 shares traded. To me, it looks like it’s about to pop and go. If it gets through 3.40, I’m looking for 4, and then 4 3/4 as target.

Swing trade Alpha and Omega Semiconductor Limited (AOSL) gained 20 cents, or 1.54%, to 13.22, on 73,303 shares traded on Wednesday on an inside day. It looks to me like it’s poised to pop. The wedge is right at resistance. If it gets through that zone, 16 is your target.

AudioCodes Ltd. (AUDC) has been awesome for a year now, and on Wednesday, it ran 1.02, or 5.06%, to 21.18, on 433,488 shares traded. Basically, it broke out from the 6.00-7.00 zone, and since, has tripled. The recent wedge or coil that formed has broken out and been up for six days, having run from under 17 to 21.50. I think it’s near the top of the channel, and may have only a little bit left toward 23-24. So, keep an eye on that one.

Swing trade Avita Medical Limited (AVMXY) had a key breakout on Wednesday, popping 66 cents, or 9%, to 7.94, on 412,222 shares traded, and reaching new all-time highs at 7.95. With this kind of pattern, it wouldn’t shock me if it went to 11.80, 14, and 15.

Minerva Neurosciences, Inc. (NERV) is at the point where it might explode. In June it made a big pop, pulled back, formed a wedge, consolidated for another month, broke out and retested. The volume was pretty low on the pullback, but it popped again on Wednesday, and gained 31 cents, or 4%, to 8.42, on 315,060 shares traded. For me, I think it’s ready to go. I’m looking for a move to 9 1/2 and 11 1/2.

Stocks on the long side included Abeona Therapeutics Inc. (ABEO), Adamas Pharmaceuticals, Inc. (ADMS), Alpha and Omega Semiconductor Limited (AOSL), AudioCodes Ltd. (AUDC), Avadel Pharmaceuticals (AVDL), Avita Medical Limited (AVMXY), Ceragon Networks Ltd. (CRNT), VelocityShares 3x Inverse Silver ETN Linked to the S&P GSCI Silver Index ER (DSLV), Lexicon Pharmaceuticals, Inc. (LXRX), and Minerva Neurosciences, Inc. (NERV).




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