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ABEO, GOPH, SUPN, TTWO — Stock Charts to Watch

Charts of the Day video for Monday April 9th, 2018


Abeona Therapeutics Inc. (ABEO), one of our favorites and current swing, popped out on Monday. I like the overall look of it. The consolidation, which has taken place after the big run-up that went from 4 1/2 to 27, up 6-7 fold, in a short period of time, so it went into a big congestion consolidation period. A right-handed extended-V pattern formed, and on Monday, it broke through two tops. It got up to the declining topsline and backed off a little. It jumped 2.55, or 18%, to 16.55, on 2.2 million shares. That’s good volume for this stock. I’m looking for a follow-through, so let’s see if we get it. If it does, we might see it take out 19, 22, and 25.

Gopher Protocol Inc. (GOPH), which had me hesitating because there was a pullback, but a one-day pullback does not make a downtrend, but it held support and moved back up again. On Monday, it bounced 43 cents, or 11.6%, to 4.13, on 1.1 million shares I’m looking for a move to the 4.50-5 area. Once that’s taken out, we could see 7-8.00, potentially. Be care, it’s a bulletin board stock.

Supernus Pharmaceuticals, Inc. (SUPN), which I put a swing on Monday, 1.25, or 2.83%, to 45.35, on 517,355 shares traded. As biotech’s go, and large ones, this has held up well over the last six months while it was consolidating. Now, it’s setting up some sort of wedge like it’s going to pop. If it gets through 48-50, look for 56, and then way up in the high 60’s.

Take-Two Interactive Software Inc. (TTWO) was up 1.88, or 2%, to 96.51, on 2.2 million shares on Monday and forming a wedge. If it goes any lower, 88 and 80 are my targets.

Stocks on the long side included Alcoa Inc. (AA), Abeona Therapeutics Inc. (ABEO), Audentes Therapeutics, Inc. (BOLD), Baozun Inc. (BZUN), Clovis Oncology, Inc. (CLVS), Gopher Protocol Inc. (GOPH), Intelsat S.A. (I), Nektar Therapeutics (NKTR), uniQure (QURE) , Supernus Pharmaceuticals, Inc. (SUPN), and Energous Corporation (WATT).

On the short side, stocks included Advanced Energy Industries, Inc. (AEIS), CAI International, Inc. (CAI), Essent Group Ltd. (ESNT), Monster Beverage Corporation (MNST), Radian Group Inc. (RDN), Monster Beverage Corporation (MNST), Sanderson Farms, Inc. (SAFM), Scotts Miracle-Gro Company (SMG), Sun Hydraulics Corporation (SNHY), Triton International Limited (TRTN), TrueCar, Inc. (TRUE), Trupanion, Inc. (TRUP), Tesaro, Inc. (TSRO), Take-Two Interactive Software Inc. (TTWO), Vocera Communications, Inc. (VCRA), and YY Inc. (YY).

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