Charts of the Day

Harry's Charts of the Day videos are available nightly to members. Members please login and see Charts of the Day in the "Videos" menu dropdown.

AMRN, AVMXY, ICAD, INMD, SEDG, WW — Stock Charts to Watch

Charts of the Day video for Wednesday September 4th, 2019


Amarin Corporation plc (AMRN) popped, and popped big time, on Wednesday, jumping 1.39, or 9.4%, to 16.14, on 9.5 million shares. That’s the best volume on an up day in about three weeks. It looks like it can get through the level at 16.25. I think it’s going to run, perhaps to as high as 18 rather quickly, and then a much bigger move to 20-20 1/2.

Avita Medical Limited (AVMXY) was a swing back in the 5.45-.50 range and it did work great, but it had to consolidate some more. On Wednesday, it popped 61 cents, or 10%, to 6.78, on 384,252 shares traded and looks like it may have broken a triple top with a breakaway gap on big volume. If it now gets up through 7.17-7.50, this could be a 10-dollar stock pretty quickly.

iCAD, Inc. (ICAD), a former swing trade of ours, ran up, pulled back, and consolidated in a nice up channel. It ran 31 cents, or 5%, to 6.35, on 54,617 shares traded on Wednesday. I think it’s headed to 9 1/2, but it’s got to get to 7.00 first. So, targets are 7 and 9 1/2 going forward.

InMode Ltd. (INMD) snapped back 2.88, or 13%, to 25.27, on 2.7 million shares on Wednesday. You can see that there is leg one and two, and leg three has started. If a measured move is any indication, 31-32 may be a target.

SolarEdge Technologies, Inc. (SEDG) is forming a beautiful wedge. On Wednesday, it got up to 5.35, or 6.9%, to 82.89, on 1.2 million shares. I think it’s going to explode and take this up to 100. Stay tuned. It’s looking very good.

Weight Watchers International I (WW) with a jump of 1.31, or 4.28%, to 31.93, a new closing high, on 2.2 million shares on Wednesday, it’s moving up near the August rally high, which took it up to around 59. It actually took out 32.08 on Wednesday. I think now it may be headed to a higher level in the 35-38 zone.

Stocks on the long side included AMAG Pharmaceuticals, Inc. (AMAG), Amarin Corporation plc (AMRN), Activision Blizzard, Inc. (ATVI), Avita Medical Limited (AVMXY), Biohaven Pharmaceutical Holding Company Ltd. (BHVN), Box, Inc. (BOX), Diplomat Pharmacy, Inc. (DPLO), Emergent BioSolutions Inc. (EBS), Fastly, Inc. (FSLY), iCAD, Inc. (ICAD), InMode Ltd. (INMD), JinkoSolar Holding Co., Ltd. (JKS), Owens & Minor, Inc. (OMI), Roku, Inc. (ROKU), SolarEdge Technologies, Inc. (SEDG), SunPower Corporation (SPWR), VelocityShares 3x Long Natural Gas ETN (UGAZ), VelocityShares 3x Long Silver ETN Linked to the S&P GSCI Silver Index ER (USLV), and Weight Watchers International I (WW).




©2001-2019 TheTechnicalTrader (www.thetechtrader.com), a publication of AdviceTrade, Inc. All rights reserved.