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AMD, AVLR, CDLX, GTHX, NTRA, STMP — Stock Charts to Watch

Charts of the Day video for Thursday August 8th, 2019


Advanced Micro Devices, Inc. (AMD) looks fantastic. It jumped 4.73, or 16%, to 33.92, on 167 million shares on Thursday. It’s now up against a quadruple top. If it gets through that, I think it’s headed to 40 and 45.

Avalara, Inc. (AVLR) is a very good software company that has gone from 32.90 to Thursday’s high at 94.31. It ran up 9.02, or 11%, to 89.50, on 1.2 million shares on Thursday. That’s the biggest volume in two months. It’s like a breakout. If it runs to 115.00, it wouldn’t surprise me.

Cardlytics, Inc. (CDLX) also broke out through a double top on Thursday, and ran up to the top of the channel, popping 5.53, or 20%, to 32.94, on 1.2 million shares. If this channel is correct, it should get up to 37-38 going forward.

G1 Therapeutics, Inc. (GTHX) is coming out of a base, took out a falling wedge, and popped 6.28, or 27%, to 29.76, on 1 million shares. This looks like it wants to go higher as well. The next target is 36, and then the target is 40 and above.

Natera, Inc. (NTRA) exploded on Thursday, ran up 4.80, or 18%, to 31.89, on 2.5 million shares to the 32 range at the top of the channel. I think my next target is going to be about 36.

Stamps.com Inc. (STMP) exploded out of its base on Thursday, and ran up 12.71, or 27%, to 58.98, on 4.2 million shares. This is the first time this stock has been over 50 since May when it was running in the high 80’s, going from 83.92 to 35.25 overnight. It looks like it may be turning around. I’m looking for a move to 75.

Stocks on the long side included Achillion Pharmaceuticals, Inc. (ACHN), Advanced Micro Devices, Inc. (AMD), Amyris, Inc. (AMRS), Digital Turbine, Inc. (APPS), Avalara, Inc. (AVLR), Cardlytics, Inc. (CDLX), Career Education Corporation (CECO), CEVA, Inc. (CEVA), Carvana Co. (CVNA), Five9, Inc. (FIVN), G1 Therapeutics, Inc. (GTHX), infn, Luckin Coffee Inc. (LK), Lattice Semiconductor Corporation (LSCC), Luna Innovations Incorporated (LUNA), Natera, Inc. (NTRA), Perion Network Ltd. (PERI), PetIQ, Inc. (PETQ), Roku, Inc. (ROKU), Smith Micro Software, Inc. (SMSI), Stamps.com Inc. (STMP), StoneCo Ltd. (STNE), and Zoetis Inc. (ZTS).




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