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AMD, COTY, FIT, IMND, LLNW, SOLY — Stock Charts to Watch

Charts of the Day video for Monday October 21st, 2019


Advanced Micro Devices, Inc. (AMD) popped 1.06, or 3.42%, to 32.03, with a high of 32.26, on 50 million shares on Monday and is right up against resistance. Keep an eye on this one. Anything above 32 1/4, and we could see it run to 34-35 and beat the high from August.

Coty Inc. (COTY) popped out of a resistance zone on a bit of a breakaway gap as well, and gained 1.36, or 13.44%, to 11.48, reaching a high of 11.65, on 17.5 million shares. With that kind of volume, that breakaway move could test the high’s up around the 13 3/4 range.

Fitbit, Inc. (FIT) continues to look good. After the big declining channel, then a pop and breakaway move that took it from the high 40’s, it came on again with volume. On Monday, it took out lateral resistance and ran 31 cents, or 8%, to 4.17, with a high of 4.21, on 9.2 million shares. The next target is in the 4.60-4.75 range, and then we’ll see where it goes beyond that.

InMode Ltd. (INMD) popped out of a falling wedge, and jumped 1.62, or 6.24%. to 27.57, with a high of 28.10, on 875,628 shares traded. Resistance is in the 28 1/4 range. If it gets through that, it will test the all-time highs at 29.38. Keep an eye on that one.

Limelight Networks, Inc. (LLNW) popped on Thursday, had an inside day on Friday, and on Monday, it had a nice follow-through day, popping 24 cents, or 6.2%, to 4.11, with a high of 4.14, on 3.1 million shares. I’m looking for more. I think this is a very bullish, big base pattern. Any pullback opportunity or flag could be a set-up to move up to 4 3/4, and then 5-5 1/2.

Soliton, Inc. (SOLY) may have broken out of its long, multi-month coil and a min-wedge or pennant on Monday, and jumped 1.22, or 9.24%, to 14.42, with a high of 14.86, on 709,695 shares traded. That’s the biggest volume in three-plus months. If it can get through 15 1/4, look for 19 and 22 going forward.

Stocks on the long side included ACADIA Pharmaceuticals Inc. (ACAD), Advanced Micro Devices, Inc. (AMD), Digital Turbine, Inc. (APPS), Bed Bath & Beyond Inc. (BBBY), CommScope Holding Company, Inc. (COMM), Coty Inc. (COTY), Ceragon Networks Ltd. (CRNT), Fitbit, Inc. (FIT), InMode Ltd. (INMD), Limelight Networks, Inc. (LLNW), Nutanix, Inc. (NTNX), PetMed Express, Inc. (PETS), ProQR Therapeutics N.V. (PRQR), Avita Medical Limited (RCEL), Realogy Holdings Corp. (RLGY), Relmada Therapeutics, Inc. (RLMD), Seattle Genetics, Inc. (SGEN), Soliton, Inc. (SOLY), Weight Watchers International I (WW), and YRC Worldwide Inc. (YRCW).




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