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AMRN, CVRS, GBTC, OSTK, QD, SOLY — Stock Charts to Watch

Charts of the Day video for Monday July 8th, 2019


Amarin Corporation plc (AMRN), a favorite of ours, popped 3-4 days ago, and then stalled for a couple days. I like the way it’s looking. It’s setting up a nice consolidation on good volume. I think that if it pops, especially if it pops to 24, it may just explode. We’ll see. It was up 16%, to 23.16, on 12 million shares on Monday.

Corindus Vascular Robotics, Inc. (CVRS), one of our swing trades, is working as it’s breaking out, coiling, flagged twice, and then on Monday it was up 28 cents, or 8.8%, to 3.46, on 4 million shares. That’s good volume. Targeting 4 3/4, and 6, potentially.

Bitcoin Investment Trust (GBTC) is really ramping as bitcoin continues to firm. It’s in a beautiful channel after it came down, retested and reversed. It’s now back up to a level where it’s moving out again. On Monday it advanced 1.06, or 7.23%, to 15.73, on 5.85 million shares. I think it will extend to test the high at 17.30, reached June 6, and then to the 19-20 range.

Overstock.com, Inc. (OSTK), one of our swing trades that seems to be working well, on Monday jumped 1.92, or 13%, to 16.64, on 7.9 million shares. That’s the biggest volume in 7-8 sessions. It looks like it quickly wants to test 17 1/2 as early as Tuesday morning, and then the target is 21.

Qudian Inc. (QD) is coming out of its base, it pulled back, retested, and is coming on again. It was up five days in a row, and on Monday it popped 28 cents, or 3.48%, to 8.33, on 4.7 million shares. If it gets through 9.15-.20, targets are 11 and 12 1/2.

Soliton, Inc. (SOLY) exploded back in May, going from 4 1/2 to 29 in a couple days on drug news. The pullback that occurred had taken it from under 50, and on Monday it exploded 7.07, or 62%, to 18.50, on 10 million shares. Tuesday’s targets are going to be around 20 1/2, and maybe as high as 24 1/2.

Stocks on the long side included Adverum Biotechnologies, Inc. (ADVM), Amarin Corporation plc (AMRN), Athenex, Inc. (ATNX), BioLife Solutions, Inc. (BLFS), Chegg, Inc. (CHGG), Corindus Vascular Robotics, Inc. (CVRS), Bitcoin Investment Trust (GBTC), Inspire Medical Systems, Inc. (INSP), MeiraGTx Holdings (MGTX), Overstock.com, Inc. (OSTK) Protagonist Therapeutics, Inc. (PTGX), Qudian Inc. (QD), Roku, Inc. (ROKU), Sol-Gel Technologies Ltd. (SLGL), Soliton, Inc. (SOLY) and Zynerba Pharmaceuticals, Inc. (ZYNE).




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