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AMD, CETX, CLDR, NLTX, SOLO, WATT, XENT — Stock Charts to Watch

Charts of the Day video for Tuesday June 9th, 2020


Advanced Micro Devices, Inc. (AMD) looks to me like it just stuck its head out above the declining topsline on Tuesday, with a move up of 3.42, or 6 1/2%, to 56.39, just pennies of the session high at 56.46, on 80 million shares traded, and another 35 cents to 56.74 in after-hours. That’s the biggest volume on an up-day since April. This may be a breakout. At the very least, I’m looking for a move to the mid-to-high 60’s. There’s a double-top at 59 1/4 that it has to get through first.

Cemtrex, Inc. (CETX) exploded on Tuesday, ramping up 1.08, or 53.2%, to 3.11, with an early morning pop to session high at 3.75, on 39 million shares traded. In after-hours it was up another 21 cents to 3.32. It looks like it wants to go higher. There’s a level of resistance around the 3.37 zone. If it can get through that, the next target, if it does pop, is 5 1/4.

Cloudera, Inc. (CLDR) exploded with a big reversal on Tuesday, going from 9.68 to a session high of 12.40. it popped 1.89, or 18.7%, to 12.00, on 43.6 million shares traded, and then another 19 cents in after-hours to 12.19. That’s huge volume for that stock. There’s a bit of resistance in the 12.40 zone. If it gets through here, I think my target is going to be at the double-top, which comes in around 15.

Neoleukin Therapeutics, Inc. (NLTX), which we put a swing on, popped on Tuesday, gaining 1.26, or 9.2%, to 14.95, with a multi-week and session high of 15.27, on 527,804 shares traded. It might be coming to a double-top, but it closed above that level. Minimum target here is 17, and then 19-20.

Electrameccanica Vehicles Corp. (SOLO) exploded again on Tuesday, popping 89 cents, or 54%, to 2.54, with an early morning session high of 3.00, on 52.6 million shares traded. I’m not sure how much more it’s got, but I want you to see the momentum on this one.

Energous Corporation (WATT), a stock we use to follow a few years back, exploded late in the day on Tuesday, advancing 81 cents, or 35%, to 3.13, from a low of 2.00 to a session high at 3.66, on 11 million shares traded. I don’t know if this stock is done yet. It does have a habit of one-day wonders. Stay tuned.

Intersect ENT, Inc. (XENT) popped and broke through a coil on Tuesday, jumping 1.84, or 14.5%, to 14.53, with a session high of 15.06 on 967,731 shares traded, and an additional 27 cents to 14.80 in after-hours. It may be on the run here. Targets going forward are 17 and 20-20 1/2.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Amneal Pharmaceuticals, Inc. (AMRX), Cemtrex, Inc. (CETX), Cloudera, Inc. (CLDR), Digital Ally, Inc. (DGLY), Inovio Pharmaceuticals, Inc. (INO), IZEA Worldwide, Inc. (IZEA), LightPath Technologies, Inc. (LPTH), Everspin Technologies, Inc. (MRAM), NIO Inc. (NIO), Neoleukin Therapeutics, Inc. (NLTX), Purple Innovation, Inc. (PRPL), Peloton Interactive, Inc. (PTON), Electrameccanica Vehicles Corp. (SOLO), ShockWave Medical, Inc. (SWAV), Vapotherm, Inc. (VAPO), Energous Corporation (WATT), and Intersect ENT, Inc. (XENT).




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