Charts of the Day

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ABEO, DVAX, PBYI, WIFI — Stock Charts to Watch

Charts of the Day video for Tuesday September 5th, 2017

ABEO, DVAX, PBYI, WIFI

Abeona Therapeutics Inc. (ABEO) added a little bit of an extension to that wedge that we showed you that was forming over the weekend. Then, on Tuesday, it popped out,gaining 40 cents, or 2.9%, to 14.20, on 2.2 million shares traded, reaching a new high at 15.24, and then backed off. I think this stock has the guts to get to the 17-18 zone. It has 10.84 days to cover.

Dynavax Technologies Corporation (DVAX) was only up 50 cents, or 2.8%, to 18.45, on 1.4 million shares traded on Tuesday, but I like the fact that it’s the highest close since the spike-up. That target was 19 1/2. I would look for that early on Wednesday, and it may get an extension to 22 and 24, which are the new targets. I think that's doable on DVAX.

Puma Biotechnology, Inc. (PBYI) popped out of a little, 3-day flag, jumping 2.90, or 3%, to 96.85, on 818,160 shares traded. It has a strong close. The highest close we’ve had on the stock is 97.60, and it closed at 96.85 on Tuesday. There’s resistance up there, but I’m looking for this stock to make it to 110.00, maybe even higher.

Boingo W;ireless, Inc. (WIFI) was up 75 cents, or 3.66%, to 21.24, on 656,913 shares traded on Tuesday, and reached a new all-time high of over 21.00 to 21.28. I think before this move is over, we’ll see it run up to 24-5. That is the next target on WIFI.

On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Akcea Therapeutics, Inc. (AKCA), Dynavax Technologies Corporation (DVAX), Eldorado Resorts, Inc. (ERI), Himax Technologies, Inc. (HIMX), IAMGOLD Corporation (IAG), Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Kirkland Lake Gold Ltd. (KL), Kopin Corporation (KOPN), Lumber Liquidators Holdings, Inc. (LL), Match Group, Inc. (MTCH), Direxion Daily Gold Miners Bull 3X ETF (NUGT), Puma Biotechnology, Inc. (PBYI), Regenxbio Inc. (RGNX), Veritone, Inc. (VERI), Boingo Wireless, Inc. (WIFI), XOMA Corporation (XOMA), and Zogenix, Inc. (ZGNX).




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