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AMRS, AMSC, CLVS, CRC, LCI, MBOT — Stock Charts to Watch

Charts of the Day video for Wednesday February 6th, 2019

AMRS, AMSC, CLVS, CRC, LCI, MBOT

Wall Street took a pause and a breather and consolidated during the session on Wednesday. A lot of stocks we follow did not. They actually broke out and extended. Let’s take a look at a few of them.

Amyris, Inc. (AMRS), which had a big day on Tuesday on positive drug news, had a beautiful inside day on Wednesday on lower volume. Even though it was up just a penny to 5.48, technicals increased, and I still think this stock has a shot going into the 7, 8, and 9 range.

American Superconductor Corporation (AMSC), after a couple days of selling, popped right back, jumping 1.41, or 11%, to 13.88, on 875,877 shares traded, the biggest volume in three months, on Wednesday. In fact, intraday, it popped sharply in the morning to a high of 14.43, pulled back, and came right on again, with a terrific close. Mid-channel target is 16, upper channel target 19-20.

Clovis Oncology, Inc. (CLVS) looks like it stuck its head out above resistance on Wednesday, running 1.06, or 4.23%, to 26.13, on 2.5 million shares, after being held back for four weeks. If the volume picks up, I think we’re still looking at 32 and 38 as targets.

California Resources Corporation (CRC) popped 48 cents, or 2.31, to 21.23, on 1.4 million shares. It’s telling me it wants to go higher. At least it looks like it. It’s above the 50 day, and above all three moving averages. I’m looking for this stock to make a move as early as Thursday to 22 3/4. If it gets through there targets are 26 and maybe 30.

Lannett Company, Inc. (LCI) had a nice day on Wednesday. It broke through resistance and extended. Not much, only 12 cents, or 1.43%, to 8.52, on 1.9 million shares, but it was up another 1.17 in after hours. I like that it’s moving, and if it accelerates here, look for it to run up to the 11-12 zone.

Microbot Medical Inc. (MBOT) has been up five days in a row with higher lows, and although it’s not accelerating there is a big OVB improvement. It was up 23 cents, or 2.29, to 10.27, on a million shares. I think it’s just a matter of time before this makes a run near 12, and a run near 13 3/4.

Stocks on the long side included Amyris, (AMRS), American Superconductor Corporation (AMSC), Array BioPharma Inc. (ARRY), Codexis, Inc. (CDXS), Clovis Oncology, Inc. (CLVS), California Resources Corporation (CRC), Enphase Energy, Inc. (ENPH), JinkoSolar Holding Co., Ltd. (JKS), Lannett Company, Inc. (LCI), Lattice Semiconductor Corporation (LSCC), Microbot Medical Inc. (MBOT), MacroGenics, Inc. (MGNX), Micron Technology, Inc. (MU), MaxLinear, Inc. (MXL), NIO Inc. (NIO), Nektar Therapeutics (NKTR), Overstock.com, Inc. (OSTK), Skyline Champion Corporation (SKY), Snap Inc. (SNAP), Energous Corporation (WATT), and Xilinx, Inc. (XLNX).




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