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AIR, BLPH, CROX, JBLU, PENN, TLRY — Stock Charts to Watch

Charts of the Day video for Wednesday March 25th, 2020


AAR Corp. (AIR), a provider of aviation services to commercial and government operators, plunged from the low 50’s, down to 8, and change, had a rebound-reversal day, retested or platformed, ran up into the gap on Wednesday and almost completely filled the gap, popping 1.18, or 7.7%, to 16.44, after reaching an early morning high of 18.40, on 1.6 million shares traded. There might be a pullback consolidation or a force through resistance that will take it to 22-24.

Bellerophon Therapeutics, Inc. (BLPH) exploded three days ago, and then got whacked back, tested support, reversed, and formed an engulfing reversal bar, jumping 2.79, or 30.33%, to 11.99, thrust to a high of 13.28, on 1.25 million shares traded. That’s good volume, but it needs more than that. Above 14 3/4, it’s a rock star. But it may not get there, so we’ll have to wait and see.

Crocs, Inc. (CROX) is another stock that came down, plunged, retested, and then exploded for a few days. On Wednesday it gained 3.57, or 24%, to 18.64, after climbing to a high of 19.74, on 4 million shares traded. It made 100% move in three days and is a heavily shorted stock. I’m looking for backing and filling here, and then we’ll see where it goes.

JetBlue Airways Corporation (JBLU) exploded from 6, and change, to over 12, on Wednesday alone it was up 1.94, or 21%, to 11.34, with a high of 12.15, on 27 million shares traded and another 44 cents, or 3.9%, to 11.78 in after-hours. It’s near resistance and may back off as well. Good volume on this one.

Penn National Gaming, Inc. (PENN) rocketed off the lows from under 4 to nearly 16, a 300% gain in a week. On Wednesday it ran 1.35, or 10%, to 14.56, after reaching an early morning high of 15.97, on 18 million shares traded. There’s a platform of support that held on Wednesday. I think there’s going to be a stop under 11 3/4, and possibly a pull back to 8, or thereabouts. I’m looking for some consolidation set-up.

Tilray, Inc. (TLRY) made a big reversal on Wednesday on 1.02, or 25.37%, to a near-closing high of 5.74, before pulling back and closing up 5.04, on 25.5 million shares traded, and another 36 cents, or 7%, to 5.40, in after-hours. It may extend, at this point, to as high as 7-7 1/2.

Stocks on the long side included AAR Corp. (AIR), The Boeing Company (BA), Bellerophon Therapeutics, Inc. (BLPH), Catasys, Inc. (CATS), Carnival Corporation (CCL), The Chefs' Warehouse, Inc. (CHEF), Cornerstone Building Brands, Inc. (CNR), Co-Diagnostics, Inc. (CODX), Crocs, Inc. (CROX), Cytosorbents Corporation (CTSO), Carvana Co. (CVNA), Delta Air Lines, Inc. (DAL), Equinor ASA (EQNR), Eldorado Resorts, Inc. (ERI), Gol Linhas Aereas Inteligentes S.A. (GOL), JetBlue Airways Corporation (JBLU), KB Home (KBH), MGM Resorts International (MGM), Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL), Norwegian Cruise Line Holdings Ltd. (NCLH), Invitae Corporation (NVTA), Penn National Gaming, Inc. (PENN), PennyMac Mortgage Investment Trust (PMT), Royal Caribbean Cruises Ltd. (RCL), Red Robin Gourmet Burgers, Inc. (RRGB), Spirit Airlines, Inc. (SAVE), Sea Limited (SE), Tilray, Inc. (TLRY), wgo, Energy Select Sector SPDR Fund (XLE), and ZOOM Technologies, Inc. (ZOOM).




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