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AMRS, CIEN, INSY, SQ — Stock Charts to Watch

Charts of the Day video for Thursday August 30th, 2018


Swing trade Amyris, Inc. (AMRS) ramped it back up after the dip on the secondary, gaining 82 cents, or 11%, to 8.9, on 2.7 million shares on Thursday. It took out resistance. I think the short-term target is 9.00, but I’m looking at 10 3/4-12 1/4 going forward.

Ciena Corporation (CIEN), on earnings, made a big move on Thursday, popping 3.40, or 12%, to 30.71, on 19.5 million shares. That’s the biggest volume on an up-day for more than a year. Bottom line is, it wrapped up to major resistance. I think this stock has a chance of ramping into the mid 30’s, and then maybe the 40’s.

INSYS Therapeutics, Inc. (INSY) had a big day on Thursday, out of a base with a big pop, and surged 2.71, or 34%, to 10.67, on 11.5 million shares. It looks to me like it’s going to test the zone around 14-14 1/2. Eventually, it’s a 20-dollar stock.

Square, Inc. (SQ) just continues to ramp up, jumping another 2.06, or 2.4%, to 87.76, on 20 million shares on Thursday. It’s long in the tooth and volume is pretty heavy up here. It may be ramping to the top, or it may extend to low to mid 90’s before it’s over.

Stocks on the long side included Adverum Biotechnologies, Inc. (ADVM), Amyris, Inc. (AMRS),Bovie Medical Corporation (BVX), Ciena Corporation (CIEN), California Resources Corporation (CRC), Evolus, Inc. (EOLS), Galectin Therapeutics, Inc. (GALT), Glaukos Corporation (GKOS), INSYS Therapeutics, Inc. (INSY), Iovance Biotherapeutics, Inc. (IOVA), Karyopharm Therapeutics Inc. (KPTI), Pandora Media, Inc. (P), Quantenna Communications, Inc. (QTNA), Stitch Fix, Inc. (SFIX), Sangamo Therapeutics, Inc. (SGMO), Semtech Corporation (SMTC), Square, Inc. (SQ), Tilly's, Inc. (TLYS), Tandem Diabetes Care, Inc. (TNDM), Viking Therapeutics, Inc. (VKTX), Xenon Pharmaceuticals Inc. (XENE).

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