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ABFF, CGC, SFIX, TLRY — Stock Charts to Watch

Charts of the Day video for Monday September 17th, 2018


Aurora Cannabis Inc. (ACBFF) had a big pop in August when it completed the down channel. It made a breakaway move, platform tested three times, Friday was a reversal day, and on Monday it gapped up and ran 1.16. or 18%, to 7.68, on 24 million shares. That’s the biggest volume ever traded on this stock. If it breaks through Monday’s high at 8.00, you’ll see it run to 9 1/2 and maybe 12 1/2.

Canopy Growth Corporation (CGC) popped 1.41, or 3%, to 48.60, 16 million shares on Monday after coming down hard for a few days. It tested the double bottom around 41, Monday’s low was 46.56 before the reversal. Once it gets through that, look for a move to the mid 50’s before it blows into the 60’s.

Stitch Fix, Inc. (SFIX) is looking pretty good, up another 1.86, or 4%, to 51.19, on 3 million shares on Monday. Quite frankly, it looks to me like it’s going to extend. I don’t think it’s done yet and it did reach the target on Monday of over 50. The next target is 54, but the top of the channel says it may go to 57-58. What a chart.

Tilray, Inc. (TLRY) is amazing. On Monday it was up 11.14, or 10%, 120.19, on 12 million shares. It has great momentum and has gone from 24 to 127, backed off to 97, and then ripped right back up again. If it gets through the top at 127, my targets are 145, and 148.

Stock on the long side included Aurora Cannabis Inc. (ACBFF), Cool Holdings, Inc. (AWSM), Bovie Medical Corporation (BVX), Catasys, Inc. (CATS), Cannabis Sativa, Inc. (CBDS), Canopy Growth Corporation (CGC), The Chefs' Warehouse, Inc. (CHEF), iShares MSCI Brazil ETF USD Acc (CSBR), DISH Network Corporation (DISH), HEXO Corp. (HYYDF), Nutrien Ltd. (NTR), Invitae Corporation (NVTA), ObsEva SA (OBSV), ProQR Therapeutics N.V. (PRQR), Stitch Fix, Inc. (SFIX) and Tilray, Inc. (TLRY).

On the short side, stocks included Axon Enterprise, Inc. (AAXN), Daqo New Energy Corp. (DQ), FirstCash, Inc. (FCFS), Scientific Games Corporation (SGMS), Tenet Healthcare Corporation (THC), Tailored Brands, Inc. (TLRD), LendingTree, Inc. (TREE), Tower Semiconductor Ltd. (TSEM), Ultra Clean Holdings, Inc. (UCTT), and Vanguard Consumer Discretionary ETF (VCR).

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