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AMSC, CRNT, EOLS, LSCC — Stock Charts to Watch

Charts of the Day video for Thursday February 14th, 2019

It was an interesting day on Wall Street on Thursday, and a lot of stocks we follow are doing well, so let’s take a look at some of those.

American Superconductor Corporation (AMSC), a swing trade of ours, which has been enforced since Nov. This is a beautiful stock, and it continues to push its way upward. It has gone from 6.00 to nearly 16.00. On Thursday, it was up 38 cents, or 2.46%, to 15.80, on 344,561 shares traded, and reached as high as 15.94. Looking at the long-term chart, it’s pushing up against what looks to me like the highs from 2014 at 21.50. My target is 19 3/4-20. I think it has four more points of it.

Ceragon Networks Ltd. (CRNT), another swing trade of ours, has been a beautiful chart all year. On Thursday, it was up 31 cents, or 6.86%, to 4.83, on 1.6 million shares. It’s two waves up and the third wave is underway to a move up to at least 6 1/2-3/4. That’s my target for CRNT.

Swing trade Evolus, Inc. (EOLS) was up 1.26, or 4.85%, to 27.26, on 1.4 million shares and reached a high of 28.16 on Thursday. This is an awesome-looking stock. It has an inverse head-and-shoulder, breakaway gap with huge volume, a pullback, a pop, and another retest and pop. It looks to me like, the way this is setting up, it could run to the mid 30’s, and then 40. Those are the targets for EOLS.

Lattice Semiconductor Corporation (LSCC) is moving. On Thursday, it popped 90 cents, or 8.49%, to 11.50, on over 11 million shares, reaching a high of 11.33. I went in long and broke out with a major breakaway gap on Wednesday, it got up to resistance and stopped like it wasn’t even there. At this point, it might get to 14, but it might need to back and fill and set up some pause that refreshes first.

Stocks on the long side included American Superconductor Corporation (AMSC), Bloom Energy Corporation (BE), Ceragon Networks Ltd. (CRNT), Diodes Incorporated (DIOD), Evolus, Inc. (EOLS), Extreme Networks, Inc. (EXTR), Arcimoto, Inc. (FUV), Gridsum Holding Inc. (GSUM), Turtle Beach Corporation (HEAR), Invacare Corporation (IVC), Lannett Company, Inc. (LCI), Lattice Semiconductor Corporation (LSCC), Marathon Oil Corporation (MRO),, Inc. (OSTK), Quotient Limited (QTNT), Roku, Inc. (ROKU), Tellurian Inc. (TELL), Titan Medical Inc. (TMDI), Tencent Music Entertainment Group (TME), Tandem Diabetes Care, Inc. (TNDM), Vericel Corporation (VCEL), Energous Corporation (WATT), YETI Holdings, Inc. (YETI), and Zuora, Inc. (ZUO).

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