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AMC, BLDR, CREX, KURA, NGL, RRGB — Stock Charts to Watch

Charts of the Day video for Tuesday April 28th, 2020


AMC Entertainment Holdings, Inc. (AMC) was up 78 cents, or 23%, to 4.14, with a session high of 4.75, on 21.2 million shares traded on Tuesday. It looks to me like the pop out of the base pattern on big volume was significant. It closed above the 50-day but backed off the gap at 4.73. Now I’m looking for a follow-through to 5 1/2-3/4, maybe 6 1/4 short term.

Builders FirstSource, Inc. (BLDR) popped out of a coil on Tuesday, moved across the 50-day, and test the gap at 17.84. It popped 1.50, or 11 1/2%, to 17.30, after reaching an earlier high of 17.63, on 2.4 million shares traded. That was the best volume on an up-day in quite a while. It looks to me like it will follow through to 21.

Creative Realities, Inc. (CREX) exploded 3.08, or 308%, to 4.08, with a late afternoon session and an all-time high of 4.36, on 66.3 million shares traded on Tuesday. It had a very impressive day. After a morning run up, and a pull back, at three o’clock it really made its move, going from a pullback low of 1.70 to an after-hours high of 5.15. That was a pretty amazing triple and the best volume this stock has ever traded. You may see a follow-through to 5 or 6 on Wednesday.

Kura Oncology, Inc. (KURA) made a big move of 5.10, or 49%, to 15.52, with a session high of 16.23, on a hefty 8.9 million shares traded and an additional 35 cents in after-hours on Tuesday. The one-minute chart shows how it ran strongly before a pullback and late run again. Good chart. Good day. There is a double-triple top that I expect it to test Wednesday morning at 16.65. If it gets through here, 20 is the target, but it may back and fill first.

NGL Energy Partners LP (NGL) also popped out of a wedge on Monday, jumping 1.15, or 35.4%, to 4.40, after reaching a session high of 4.75, on 5.6 million shares traded and another 10 cents in after-hours. It is at resistance at the moving average and gap. If it gets through here, target is 6-6 1/2.

Red Robin Gourmet Burgers, Inc. (RRGB) formed a nice-ascending bull coil on Tuesday, and then broke out of it, popping 2.14, or 17%, to 14.84, after reaching a session high of 14.99, on 1.1 million shares traded. The distance now around the moving average is 15.45. If it gets through that, we are looking at a target at 19.

Stocks on the long side included AIM ImmunoTech Inc. (AIM), AMC Entertainment Holdings, Inc. (AMC), Blue Apron Holdings, Inc. (APRN), Avadel Pharmaceuticals plc (AVDL), Builders FirstSource, Inc. (BLDR), BioSig Technologies, Inc. (BSGM), Avis Budget Group, Inc. (CAR), Carnival Corporation (CCL), Creative Realities, Inc. (CREX), Diebold Nixdorf, Incorporated (DBD), Deciphera Pharmaceuticals, Inc. (DCPH), D.R. Horton, Inc. (DHI), Enphase Energy, Inc. (ENPH), Eldorado Resorts, Inc. (ERI), Fluor Corporation (FLR), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Kura Oncology, Inc. (KURA), MGM Resorts International (MGM), Nordic American Tankers Limited (NAT), Norwegian Cruise Line Holdings Ltd. (NCLH), NGL Energy Partners LP (NGL), Penn National Gaming, Inc. (PENN), Impinj, Inc. (PI), Quotient Limited (QTNT), Red Robin Gourmet Burgers, Inc. (RRGB), SmileDirectClub, Inc. (SDC), Syndax Pharmaceuticals, Inc. (SNDX), and TPG RE Finance Trust, Inc. (TRTX).




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