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ADNT, ATVI, CLDR, HOV, STNG, TWTR — Stock Charts to Watch

Charts of the Day video for Thursday September 5th, 2019


Adient plc (ADNT), which we day traded on Thursday, jumped 3.33, or 16%, to 24.38, on 3 million shares. It's approaching a breakout level near 26.  If it gets through that, the targets are 33, and maybe something close to 38-40. It has a nice base pattern. Let’s see if it can get a follow-through.

Activision Blizzard, Inc. (ATVI) follow-through on Wednesday’s swing recommendation to get right to the gap at 56.92. Thursday’s high was 56.60, having popped 1.08, or 2.02%, to 54.58, on 11 million shares on Thursday. If it punches into the gap, the next targets are 59 1/2-60, and then 62-63.

Cloudera, Inc. (CLDR) had a pop of 1.07, or 15%, to 8.28, on a whopping 51 million shares traded on Thursday. They filled the gap up to about 8.52, and Thursday’s high was 8.54. If it follows through, we’re looking at 9 1/2-10, 10 1/4.

Hovnanian Enterprises, Inc. (HOV) popped on Thursday and exploded 2.24, or 27%, to 10.52, on 646,553 shares traded. It looks to me like this broke out of an inverse head-and-shoulders and formed a right-handed extended V and closed right at or above the declining trendline and lateral price support. It’s also above the 50, which it tested last week. So, now, I’m looking for a move to get this to 15 1/2.

Scorpio Tankers Inc. (STNG) popped out in April, I put a swing on it, and it continues to look well. It pulled back with an orderly stop, formed a right-handed extended V, and then broke out on Thursday, ramping 1.41, or 5.2%, to 28.52, on 485,671 shares traded. Targets are 32-32 1/2, and then 38-40.

Twitter, Inc. (TWTR) broke through on Thursday and popped 1.94, or 4.47%, to 45.30, on over 19 million shares traded. Targets are 47-48, and then 52.

Stocks on the long side included Adient plc (ADNT), Alpha and Omega Semiconductor Limited (AOSL), Activision Blizzard, Inc. (ATVI), Avita Medical Limited (AVMXY), Cloudera, Inc. (CLDR), VelocityShares 3x Inverse Silver ETN Linked to the S&P GSCI Silver Index ER (DSLV), Hovnanian Enterprises, Inc. (HOV), InMode Ltd. (INMD), Nordstrom, Inc. (JWN), Lattice Semiconductor Corporation (LSCC), Luna Innovations Incorporated (LUNA), Owens & Minor, Inc. (OMI), Sientra, Inc. (SIEN), Sonos, Inc. (SONO), Scorpio Tankers Inc. (STNG), Twitter, Inc. (TWTR), and XPO Logistics, Inc. (XPO).




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