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ALT, DYAI, IDEX, NK, OSTK, WKHS — Stock Charts to Watch

Charts of the Day video for Monday June 22nd, 2020


Altimmune, Inc. (ALT) popped, exploded in May, going from about 2.90 all the way up to 10, and change, quadrupling, pulled back to the Fibinocci retracement, formed a little falling wedge, and then on Monday, it popped with a breakaway gap, gaining 78 cents, or 10 1/2%, to 8.18, after reaching a high of 8.45, on 3 million shares. It might be the beginning of a move of 9 3/4 and 10 3/4 short term, and then maybe 13. Pay attention to this one.

Dyadic International, Inc. (DYAI) broke out of a wedge on Monday, and jumped 1.21, or 13.4%, to 10.26, 658,565 shares traded. I like this one, too. It should be a swing. In after-hours it was trading solid. I think we’re going to see some follow-through to the 13-14 zone.

Ideanomics, Inc. (IDEX) made a powerhouse move on Monday, exploding 1.07, or 48.2%, to 3.29, with a session high of 3.98, on 362.9 million shares traded, and then another 22 cents in after-hours. It had a strong 3-day pop and a 4-day coil, another pop, and now the fourth day of that pop. That was heavy volume for this stock. I don’t know if it can stand anymore volume, but it is coming up to a resistance zone. It might get up to 6-7 before it’s done.

NantKwest, Inc. (NK) on Monday exploded 2.29, or 26%, to 11.13, with a session high of 13.10, on 14 million shares, and 27 cents in after-hours. My first target and pullback are 11.13.

Overstock.com Inc. (OSTK) continues to empress as it climbed 2.67, or 10.8%, to 27.38, going from 2.69 to Monday’s session high of 27.53, on 4 million shares, and 76 cents in after-hours. There’s some resistance around 28. We’ll see what it does. Going forward I’m looking for 30 and 35.

Workhorse Group Inc. (WKHS) on Monday jumped 1.04, or 21%, to 5.92, with a session high of 6.10 past my 6.00 target, on 19.3 million shares, and an additional 13 cents in after-hours. But it is due for a pullback and it’s at a 3-year high. An extension could take it to 8 1/2-9.

Stocks on the Long Side includ29e Altimmune, Inc. (ALT), Digital Turbine, Inc. (APPS), Arrowhead Pharmaceuticals, Inc. (ARWR), AngloGold Ashanti Limited (AU), Compugen Ltd. (CGEN), CytoDyn Inc. (CYDY), Dyadic International, Inc. (DYAI), Five Prime Therapeutics, Inc. (FPRX), Ideanomics, Inc. (IDEX), Inovio Pharmaceuticals, Inc. (INO), Livongo Health, Inc. (LVGO), Everspin Technologies, Inc. (MRAM), Mersana Therapeutics, Inc. (MRSN), Neonode Inc. (NEON), NantKwest, Inc. (NK), Nikola Corporation (NKLA), Overstock.com, Inc. (OSTK), Pan American Silver Corp. (PAAS), Precigen, Inc. (PGEN), Synchronoss Technologies, Inc. (SNCR), Sonos, Inc. (SONO), Virgin Galactic Holdings, Inc. (SPCE), Trillium Therapeutics Inc. (TRIL), Upwork Inc. (UPWK), 21Vianet Group, Inc. (VNET), and Workhorse Group Inc. (WKHS).




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