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AMRN, HTGM, SQ, TNDM — Stock Charts to Watch

Charts of the Day video for Tuesday September 25th, 2018


Aon marin Corporation plc (AMRN) popped 60 cents, or 4.84%, to 13.00, on 106 million shares on Tuesday, which is huge volume for this stock. It traded more than 264 million shares just in two sessions. I put a swing on it Tuesday morning, and I like the way it looks. It popped all the way up to 14.64 before it backed off. When you get a breakaway gap and it doesn’t pull back, let it back and fill. Even though my targets are 15 and 18, I think we’re looking at 21.

HTG Molecular Diagnostics, Inc. (HTGM) gained 19 cents, or 4.29%, to 4.62, on 603,741 shares traded on Tuesday. After a base, breakout, 5-wave move, double-top, breakdown, 3-wave corrective pullback, and now 4 waves up with the fifth wave underway, which should take it to retest the double-top around 5.70, and the secondary target at 7 1/2.

Square, Inc. (SQ) jumped 9.31, or 11%, to 95.35, on 28 million shares on Tuesday. That’s the biggest volume in a year and is doing its thing again. It had a big day on Tuesday on an introduction to a new payment system that’s in competition with many competitors. Wall Street loved it. I’m looking for this to extend to the 102-3-4 range going forward.

Tandem Diabetes Care, Inc. (TNDM) has had quite a move, going from 2.00, and change, in Feb/Mar to over 50. It pulled back, held the trendline, and on Tuesday it popped 3.31, or 7.4%, to 47.84, on 6.2 million shares. If it continues at this angle, the next projected top will be somewhere around 62.

Stocks on the long side included ACADIA Pharmaceuticals Inc. (ACAD), Applied Genetic Technologies Corporation (AGTC), Amarin Corporation plc (AMRN), Amyris, Inc. (AMRS), Arrowhead Pharmaceuticals, Inc. (ARWR), AVEO Pharmaceuticals, Inc. (AVEO), Bloom Energy Corporation (BE), Canopy Growth Corporation (CGC), Cleveland-Cliffs Inc. (CLF), iShares MSCI Brazil ETF USD Acc (CSBR), HTG Molecular Diagnostics, Inc. (HTGM), Iridium Communications Inc. (IRDM), IRadimed Corporation (IRMD), NovoCure Limited (NVCR), Planet Fitness, Inc. (PLNT), Square, Inc. (SQ), Teladoc, Inc. (TDOC), Talend S.A. (TLND), Tandem Diabetes Care, Inc. (TNDM), Twilio Inc. (TWLO), Unisys Corporation (UIS). W&T Offshore, Inc. (WTI), and Zafgen, Inc. (ZFGN).

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