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APHA, BE, CRC, HYRE, TNDM — Stock Charts to Watch

Charts of the Day video for Thursday February 28th, 2019


The markets were down on the S&P 500 for the third day in a row, so we’re getting a correction. A lot of stocks continue to run, though, so let’s take a look at several of them.

Aphria Inc. (APHA), a marijuana stock, popped 17 cents, or 2%, to 10.36, on 7.4 million shares on Thursday, reaching a high of 10.56. This stock has moved up, then spiked up to 10.97, pulled back, and formed a flag, which coiled near the apex. If it breaks out of here it’s going to 14, and then 16-17.

Bloom Energy Corporation (BE), a swing trade of ours, popped out, and has been flagging for four days now, and it’s going higher. It was up 67 cents, or 4.86%, to 14.47, on 715,108 shares traded on Thursday. Look for it to head up to 18, and then 20.

California Resources Corporation (CRC) on Thursday exploded 1.83, or 8.39%, to 23.65, on 6.6 million shares, which is huge volume for this stock, but it did not close well. Sometimes a stock will pop and pull back. It could come down to 22-22 1/4, and then start back up again. It could take out 26.20, and then run up to 30. I think that will happen, so stay tuned.

HyreCar Inc. (HYRE) popped out and formed a beautiful wedge, gaining 32 cents, or 5.96%, to 5.69, on 453,974 shares traded. It has a swing on it. I put it out in February at 4.86. Targets going forward were 6.00 and 7.50. It reached 6.00, so we’ll be looking for it to reach up to 7.50.

Tandem Diabetes Care, Inc. (TNDM) had a big pop and pullback. This is an example of what I’m talking about when a stock backs off and comes on the next day, which was Thursday. On Thursday it was up 3.71, or 6%, to 65.57, on 3.4 million shares. It looks to me like it may be headed to 80.

Stocks on the long side included Aphria Inc. (APHA), Bloom Energy Corporation (BE), Canopy Growth Corporation (CGC), Clovis Oncology, Inc. (CLVS), Collegium Pharmaceutical, Inc. (COLL), California Resources Corporation (CRC), Cronos Group Inc. (CRON), Carvana Co. (CVNA), Community Health Systems, Inc. (CYH), Encana Corporation (ECA), Guardant Health, Inc. (GH), The Hain Celestial Group, Inc. (HAIN), HyreCar Inc. (HYRE), Horizon Pharma Public Limited Company (HZNP), Arcadia Biosciences, Inc. (RKDA), the Rubicon Project, Inc. (RUBI), TG Therapeutics, Inc. (TGTX), Tandem Diabetes Care, Inc. (TNDM), VirnetX Holding Corp (VHC), Zix Corporation (ZIXI), and Zosano Pharma Corporation (ZSAN).




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