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ABX, AGTC, PRQR, TAL — Stock Charts to Watch

Charts of the Day video for Wednesday December 12th, 2018


Barrick Gold Corporation (ABX) was up 42 cents, or 3%, or 14.02, on 1.5 million shares. It was on a multi-month high. In fact, it’s the highest number since February. It’s already taken out the declining topsline, consolidated, broke out of this little mini-base, and is moving up. For me, I’m looking for 15 and 18.

Applied Genetic Technologies Corporation (AGTC) is moving. The base, break, and pullback, 3-wave corrective, pulled right back to the prior highs, with a snapback, pullback, and then on Wednesday it popped 45 cents, or 7.4%, to 6.56, on 243,400 shares traded. This is the best volume in a couple months. I’m looking for a test of 7 1/2, 8 1/2, and eventually 10. It’s a nice long-term pattern.

ProQR Therapeutics N.V. (PRQR) swing trade has been drifting for weeks now. On Wednesday, it popped 1.32, or 7.7%, to 18.50, 496,700 shares traded. If it manages to come out at the 22 and 24 range. Beyond that, we could see 30-bucks.

TAL Education Group (TAL) swing trade had a little pop on Wednesday of 1.32, 5%, to 28.12, on 4.8 million shares. Notice how it held support twice, and the 50-day moving average. Anytime we have a stock that comes down in multiple waves, and then breaks out, watch the consolidation that follows. Moving averages, which are crossed over now, and have held, particularly the 50. So what I’m looking for is a run to 30, 33, 35, etc. Stocks on the long side included

AngloGold Ashanti Limited (AU), Barrick Gold Corporation (ABX), Kirkland Lake Gold Ltd. (KL), Applied Genetic Technologies Corporation (AGTC), Arrowhead Pharmaceuticals, Inc. (ARWR), Arsanis, Inc. (ASNS), Athenex, Inc. (ATNX), BioScrip, Inc. (BIOS), VelocityShares 3x Inv Natural Gas ETN (DGAZ), EVERTEC, Inc. (EVTC), Exelixis, Inc. (EXEL), LifeVantage Corporation (LFVN), MongoDB, Inc. (MDB), Match Group, Inc. (MTCH), New Age Beverages Corporation (NBEV), ProQR Therapeutics N.V. (PRQR), TAL Education Group (TAL), Twitter, Inc. (TWTR), and Uxin Limited (UXIN).

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