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AMD, BBBY, INMD, MAXR, RAD, TDOC — Stock Charts to Watch

Charts of the Day video for Monday November 4th, 2019


Advanced Micro Devices, Inc. (AMD), which we started to focus on when it fell out of a falling wedge and took out 32. On Monday, it popped 1.40, or 4%, to 36.29, with a high of 36.45, on 83 million shares. Now, it needs to take out 35.50, and it’s on its way. This stock wants to run up to 40, and then 45.

Bed Bath & Beyond Inc. (BBBY), a swing trade of ours, pulled back for two days, held the trendline, then bounced on Monday, gaining 55 cents, or 4.22%, to 13.93, on 5 million shares. That’s not a lot, but I think it’s in an area of support. The next target for me is 16, give or take a point.

InMode Ltd. (INMD) swing trade is doing great. It popped out of a flag on Monday, and jumped 1.87, or 5.83%, to 33.97, with a high of 35 even, on nearly a million shares. It’s right underneath my target zone set at 35-36. You shouldn’t be happy with a stock that went from 25 to 35. I think it wants to go higher to 39, 40, and then 45.

Maxar Technologies Inc. (MAXR) had a 3-day surge on big volume, popping 99 cents, or 11%, to 9.94, with a high of 10.24, on 5.6 million shares. It’s up against double-top resistance. Can it get through? Resistance is at 10.25. If it can get through there, 12.75-13.00 is the next target going forward.

Rite Aid Corporation (RAD) broke out of an inverse head-and-shoulders and popped on Monday, advancing 1.21, or 12.2%, to 11.13, with a high of 11.43, on 4.7 million shares. Volume looks good. With an extension, the target is 14.25, and then 19 eventually.

Teladoc, Inc. (TDOC) extended the move I gave you a couple days ago when it popped out and had an inside day. On Monday, it closed up 1.99, or 2.5%, to the high for the day at 80.36, on 3.9 million shares. I’m looking for more. Targets are 89-90, and then near 100 going forward.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Bed Bath & Beyond Inc. (BBBY), California Resources Corporation (CRC), Endo International plc (ENDP), Bitcoin Investment Trust (GBTC), InMode Ltd. (INMD), JD.com, Inc. (JD), Lattice Semiconductor Corporation (LSCC), Maxar Technologies Inc. (MAXR), Mallinckrodt Public Limited Company (MNK), Momo Inc. (MOMO), Marvell Technology Group (MRVL), NeoPhotonics Corporation (NPTN), OptiNose, Inc. (OPTN), Rite Aid Corporation (RAD), Arcadia Biosciences, Inc. (RKDA), Sea Limited (SE), spns, ShockWave Medical, Inc. (SWAV), Teladoc, Inc. (TDOC), T2 Biosystems, Inc. (TTOO), Weight Watchers International I (WW), Xunlei Limited (XNET), and XPO Logistics, Inc. (XPO).




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