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APHA, CRON, CRNT, EOLS, MBOT, ROKU, TXMD — Stock Charts to Watch

Charts of the Day video for Monday February 4th, 2019

APHA, CRON, CRNT, EOLS, MBOT, ROKU, TXMD

It was a good day for TheTechTraders on Monday as Wall Street had a solid session. Many of our stocks did well, particularly the cannabis stocks. Let’s take a look at a few of those, along with some others.

Aphria Inc. (APHA) also popped on Monday, gaining 1.22, or 13%, to 10.84, on nearly 30 million shares. This is the fourth day in a row this stock has been up. It’s right at resistance, and if it follows through, we could see 13 1/2-3/4.

Cronos Group Inc. (CRON) made a monster move of late, jumping 2.44, or 11%, to 23.25, on 67.5 million shares on Monday. This stock has gone from under 10.00 to over 25. That’s 150% gain in one month. It may be time for a pullback. It’s also at the long-term channel top. With a spike-up like it has had, and increasing volume of over 67 million shares, this stock may need to back and fill, and relax. Momentum is still strong though.

Ceragon Networks Ltd. (CRNT) popped to 5.00 in the morning on Monday, before pulling back and gradually closing up only 5 cents, or 1.09%, to 4.64, on 2 million shares, so it backed of about 35 cents. It needs to consolidate a little bit, but the next target is 5.85, and then 6 1/2 and 7.00.

Evolus, Inc. (EOLS) saw gains on Monday after the spectacular news that the FDA approved their new wrinkle treatment for adults. It jumped 2.15, or 12%, to 20.50, on 8.2 million shares, more than 20 times the normal volume. It was up 7 days in a row, and on Monday, it finally got some profit-taking after the initial pop. This stock ran to 25.00 in June of last year. Targets are 25, and then 28.

Microbot Medical Inc. (MBOT), one of our swing trades, is going to take off. On Monday, it popped 42 cents, or 4.43%, to 9.91, on 1.3 million shares. On Jan 14, it exploded, pulled back, coiled, and started to move. It has a 3-day move off the low, out of the apex. If volume picks up, this stock could fly. Something in the 12 1/2-14 range short-term wouldn’t surprise me.

Roku, Inc. (ROKU) is also looking good. It popped at the end of Dec, coiled, ran up, reversed, ran up 4 days in a row, and on Monday it snapped back 2.22, or 5%, to 47.43, on 28.4 million shares, reaching as high as 50.70, which is the biggest high it’s had since Nov. I think it may test the gap around 51 1/2, which is the next target.

TherapeuticsMD, Inc. (TXMD) is coming to the forefront after the big, declining channel. It popped and flagged, then ran up 3 days in a row, and on Monday it broke out, ran up 37 cents, or 6.86%, to 5.76, on 3.666 million shares. I’m looking for a run at 6.15, 6.75, and 7.75.

Stocks on the long side included Aurora Cannabis Inc. (ACB), Aphria Inc. (APHA), Cronos Group Inc. (CRON), Pyxus International, Inc. (PYX), Zynerba Pharmaceuticals, Inc. (ZYNE), Aduro BioTech, Inc. (ADRO), Agenus Inc. (AGEN), Axsome Therapeutics, Inc. (AXSM), Ceragon Networks Ltd. (CRNT), Diebold Nixdorf, Incorporated (DBD), Evolus, Inc. (EOLS), Epizyme, Inc. (EPZM), GOL Linhas Aéreas Inteligentes S.A. (GOL), Huami Corporation (HMI), Coffee Holding Co., Inc. (JVA), Lannett Company, Inc. (LCI), Microbot Medical Inc. (MBOT), The Meet Group, Inc. (MEET), ETFMG Alternative Harvest ETF (MJ), Roku, Inc. (ROKU), TherapeuticsMD, Inc. (TXMD), Veracyte, Inc. (VCYT), The Alkaline Water Company Inc. (WTER), Zix Corporation (ZIXI), and Zynerba Pharmaceuticals, Inc. (ZYNE).




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