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ABUS, ARWR, ETSY, OSTK — Stock Charts to Watch

Charts of the Day video for Tuesday July 17th, 2018


Arbutus Biopharma Corporation (ABUS) had a big spike up to the target on Tuesday, pulled back and consolidated, but it had a little gap-up or run-up of 55 cents, or 5%, to 11.35, on 418,108 shares. If it can get up through 12, I’d say we have a 15-dollar stock, potentially on momentum.

Arrowhead Pharmaceuticals, Inc. (ARWR) continued to look great on Tuesday. It had a little 5-6 day flag and was up 65 cents, or 4%, to 16.45, on 1 million shares. All we have to do is get this through 16 3/4 and I think were headed to 22 or more.

Etsy, Inc. (ETSY) has a beautiful coil developing and is a beautiful chart. This consolidation should break out shortly. Tuesday was a nice reversal of a 1.34, or 3%, to 44.25, on 1.14 million shares. Watch this line at about 45 1/2. If we get to that, 52-3 is your target., Inc. (OSTK) broke out Tuesday, climbing 4.10, or 10 1/2%, to 43.05, and it did it on 3.3 million shares, through a triple-top and a base, through the declining topsline and a rising flag before Tuesday. Note the moving averages have crossed over. This is a buy in my mind for a swing. I have targets at 45 and 49, but I think eventually you’ll see 55 on the stock. That’s my swing target, I believe, and probably closer to 56 actually, maybe 57. This could fly.

Stocks on the long side included Arbutus Bioypharma Corporation (ABUS), Abercrombie & Fitch Co. (ANF), Arrowhead Pharmaceuticals, Inc. (ARWR), Cornerstone OnDemand, Inc. (CSOD), Etsy, Inc. (ETSY), Bitcoin Investment Trust (GBTC), Gemphire Therapeutics Inc. (GEMP), HUYA Inc. (HUYA), Mirati Therapeutics, Inc. (MRTX), Okta, Inc. (OKTA), OPKO Health, Inc. (OPK),, Inc. (OSTK), Roku, Inc. (ROKU), Stitch Fix, Inc. (SFIX), Sogou Inc. (SOGO), Spectrum Pharmaceuticals, Inc. (SPPI), Teligent, Inc. (TLGT), Twilio Inc. (TWLO), and Zafgen, Inc. (ZFGN).

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