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APHA, CATS, CRC, HUYA, IO, ROKU — Stock Charts to Watch

Charts of the Day video for Monday April 1st, 2019

The markets had a really good day on Monday to start the month, and the stocks we follow had a good day. I eliminated about 15 of them here to get the report finished, but I’m still going to show you more than ten stocks. Please note that we highlighted several below.

Aphria Inc. (APHA) has been a swing trade since it fell down in the 5-6 area, then it spiked up near 11, at 10.95, and then consolidated for two months. Recently, a pullback completed it with a pop on Monday, gaining 62 cents, or 6.65%, to 9.94, on 4.9 million shares. Of course, it has to take out resistance in the 10.65-.70 zone. If it gets through that, look for it to start up towards 10.95, and then 12, 13 1/2, and mid-teens eventually.

Catasys, Inc. (CATS) is a swing trade of ours. I love the long-term look. It’s an inverse head-and-shoulders, but a flat pattern of six or seven years, and may be ready to pop out. It did pop two weeks ago, formed a 2-week pullback wedge, and then popped out on Monday, jumping 1.72, or 14%, to 13.95, on 174,130 shares traded. The volume is light, but it’s a thinly traded stock. This may trigger a move. If it takes out 15, I’m looking for 18 and 21.

California Resources Corporation (CRC), one of my favorite junior oils, popped a little bit on Monday, advancing 1.35, or 5.25%, to 27.06, on 1.7 million shares. Not great volume, but it’s decent. If it can get up above the recent high at 27.84, I’m looking for 31 1/2.

HUYA Inc. (HUYA) had a nice follow-through day on Friday, and then a little pop out on Monday, taking it up 1.17, or 4.16%, to 29.30, on 3.55 million shares. That’s good volume for this stock. The OBV is moving up. It looks to me like this stock is ready to pop out of and across 30, and then to the low 30’s, in the 33 range, and then the high 30’s.

ION Geophysical Corporation (IO) also swung around and popped on Monday, up 1.80, or 12.47%, to 16.24, on 398,299 shares traded. Nearly 400,00 shares. That’s good volume for that stock, the best in a couple months. If it makes a move above 17 1/2, we should see 19 to 21 zone.

Roku, Inc. (ROKU) had another pop and another really good-looking angle. The wedge broke out on Monday with a pop of 4.60, or 7.13%, to 69.11, on 14.4 million shares. The volume tells me that it may go higher. It can test and take out resistance at 74.25, targeting 78, and then the mid-80’s,

Stocks on the long side included Aphria Inc. (APHA), Catasys, Inc. (CATS), California Resources Corporation (CRC), Cree, Inc. (CREE), Daqo New Energy Corp. (DQ), HUYA Inc. (HUYA), ION Geophysical Corporation (IO), Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST), Melco Resorts & Entertainment Limited (MLCO), Momo Inc. (MOMO), Puxin Limited (NEW), PhaseBio Pharmaceuticals, Inc. (PHAS), Roku, Inc. (ROKU), StoneCo Ltd. (STNE), Tilray, Inc. (TLRY), VelocityShares 3x Lng Crude Oil ETN New (UWT), Village Farms International, Inc. (VFF), Voyager Therapeutics, Inc. (VYGR), Xerox Corporation (XRX), and YRC Worldwide Inc. (YRCW).

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