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ACIA, CRNT, VNDA, ZFGN — Stock Charts to Watch

Charts of the Day video for Thursday November 8th, 2018

ACIA, CRNT, VNDA, ZFGN

Acacia Communications, Inc. (ACIA) is a current swing trade of ours. Since the recent explosive move, it backed off, and for just one day it’s coming on again, jumping 1.42, or 3%, to 46.64, on a million shares on Thursday. If it gets through the 47 range, you may see 50-55-60 going forward. What I prefer is a longer consolidation over the next week, or two, and then let it sit up and go.

Ceragon Networks Ltd. (CRNT) exploded 56 cents, or 14%, to 4.52, on 3.7 million shares on Thursday. That is very big volume for that stock. The last 4 days it’s been huge. Technically, this stock has been up 8 days in a row, and then blew through the triple-top. In my opinion it’s on its way to 5 1/4-1/2.

Vanda Pharmaceuticals Inc. (VNDA) is a current swing trade of ours that is acting great. On Thursday, it exploded big time by 3.35, or 17%, to 22.46, on 1.9 million shares. The declining channel and pullback channel were broken with a pop on good volume. If it works well, and gets through Thursday’s high of 25.07, it should get to 29-29 1/2.

Zafgen, Inc. (ZFGN), a recent swing trade of ours, reiterated Thursday, after it broke back out, gaining 1.41, or 14% to 11.49, on 722,700 shares traded. Keep an eye on this stock, and if it gets over 12.35, the targets will be 15 and 18.

Stocks on the long side included Acacia Communications, Inc. (ACIA), Bovie Medical Corporation (BVX), CareDx, Inc (CDNA), Ceragon Networks Ltd. (CRNT), Crocs, Inc. (CROX), VelocityShares 3x Invrs Crude Oil ETNNew (DWT), ProShares UltraShort Bloomberg Crude Oil (SCO), Etsy, Inc. (ETSY), Lannett Company, Inc. (LCI), Remark Holdings, Inc. (MARK), NantKwest, Inc. (NK), RiceBran Technologies (RIBT), Sally Beauty Holdings, Inc. (SBH), Scientific Games Corporation (SGMS), Veracyte, Inc. (VCYT), Vanda Pharmaceuticals Inc. (VNDA), and Zafgen, Inc. (ZFGN). Stocks on the long side included Acacia Communications, Inc. (ACIA), Bovie Medical Corporation (BVX), CareDx, Inc (CDNA), Ceragon Networks Ltd. (CRNT), Crocs, Inc. (CROX), VelocityShares 3x Invrs Crude Oil ETNNew (DWT), ProShares UltraShort Bloomberg Crude Oil (SCO), Etsy, Inc. (ETSY), Lannett Company, Inc. (LCI), Remark Holdings, Inc. (MARK), NantKwest, Inc. (NK), RiceBran Technologies (RIBT), Sally Beauty Holdings, Inc. (SBH), Scientific Games Corporation (SGMS), Veracyte, Inc. (VCYT), Vanda Pharmaceuticals Inc. (VNDA), and Zafgen, Inc. (ZFGN).




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