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ACIA, CCXI, CRMT, JNCE, SVMK, TLRA — Stock Charts to Watch

Charts of the Day video for Thursday March 28th, 2019


The markets had a kind of mixed but positive session. I’m okay with the way it’s acting for now. Lots of stocks we follow and some that we don’t are coming to the forefront. I want to show you quite a few.

Acacia Communications, Inc. (ACIA) jumped 2.57, or 4.64%, to 57.92, on 1.8 million shares. This stock had a big downtrend from April/May 2017 until April 2018, it reversed and has been in a beautiful uptrend ever since. Although there has been periods of consolidations, pullbacks, and retesting, it finally broke out in February. It’s accelerating in a rising kind of channel. I think it’s going to extend to 65-70, eventually.

ChemoCentryx, Inc. (CCXI) bounced 34 cents, or 2.62%, to 13.31, on 635,415 shares traded on Thursday. I put a swing on it because I think it’s forthtelling of a much bigger move. After a long, one-year consolidation may be getting ready to ramp up. My targets are 15, 17, and eventually mid 20’s.

America's Car-Mart, Inc. (CRMT) had a big pop of 7.38, or 8.7%, to 92.18 with a high of 93.23, on 132,446 shares traded on Thursday, and exploded out of a wedge pattern. This was thinly traded on Thursday, but it looks like it’s headed up toward the 115 range.

Jounce Therapeutics, Inc. (JNCE), a swing trade of ours, has been in a beautiful flag over the last two weeks after the breakout of the inverse head-and-shoulders. It popped 31 cents, or 5.3%, to 6.16, on 163,625 shares traded on Thursday. I think Thursday’s reversal was engulfing, so this might be a signal that it’s about to take off. Look for a test of 7, and then 8 3/4-9.

SVMK Inc. (SVMK), a software company, based, popped, coiled, broke out four days in a row and is ramping. On Thursday, it was up 80 cents, or 4.71%, to 17.80, on 2 million shares. My target of 18 may be hit as early as Friday morning. Then I’m looking for 20, or better, and beyond.

Swing trade Telaria, Inc. (TLRA), after popping and pulling back, did very well, and now it looks like it’s consolidating. It was up 35 cents, or 5.99%, to 6.19, on 763,651 shares traded and appears to be headed to 71/2. That’s the next target.

Stocks on the long side included Acacia Communications, Inc. (ACIA), AudioCodes Ltd. (AUDC), ChemoCentryx, Inc. (CCXI), China Internet Nationwide Financial Services Inc. (CIFS), America's Car-Mart, Inc. (CRMT), Direxion Daily Gold Miners Bear 3X ETF (DUST), Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST), Jounce Therapeutics, Inc. (JNCE), Seelos Therapeutics, Inc. (SEEL), SVMK Inc. (SVMK), Tricida, Inc. (TCDA), Tenax Therapeutics, Inc. (TENX), Telaria, Inc. (TLRA), Veracyte, Inc. (VCYT), and Verint Systems Inc. (VRNT).




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