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ACAD, NDRA, TWTR, TAL — Stock Charts to Watch

Charts of the Day video for Thursday October 25th, 2018


ACADIA Pharmaceuticals Inc. (ACAD), one of our swings, came down hard to support and bounced on Thursday, jumping 2.03, or 10 1/2%, to 21.27, on 2.1 million shares. That was a major bounce off the low. You have to stop it now under 19. 191/4 is support. If you can get this through 23 1/2, we’re looking at 26, and 27 1/2.

ENDRA Life Sciences Inc. (NDRA) has a very interesting chart. It has big volume on the upside, and then a pullback because the volume lowered. On Thursday, it bounced 48 cents, or 12%, to 4.36, with a volume increase to 925,958 shares traded. Technicals are also increasing and looking better. Since Jan, it formed a base, broke out, and pulled back in a falling wedge. Targets are 6, and then 8.

Twitter, Inc. (TWTR) had a good day on Thursday. It popped out of a falling wedge in a breakaway gap above the 50, eking out 4.26, or 15%, to 31.80, on 79 million shares. For me, that’s a significant day. If it can hold 30 1/4, and come on again, we could see 36.15, which is the target.

TAL Education Group (TAL) in China broke back out and closed at the 50, jumping 3.24, or 14%, to 25.98, on 15 million shares on Thursday. If it makes it through here, a major breakout above 27 1/4 will get it to 35.

Stocks on the long side included ACADIA Pharmaceuticals Inc. (ACAD), ENDRA Life Sciences Inc. (NDRA), AudioCodes Ltd. (AUDC), Zix Corporation (ZIXI), Amarin Corporation plc (AMRN), FTI Consulting, Inc. (FCN), Twitter, Inc. (TWTR), Fate Therapeutics, Inc. (FATE), Turkcell Iletisim Hizmetleri A.S. (TKC), TAL Education Group (TAL), and trivago N.V. (TRVG).

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