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APHA, EVBG, FCX, HROW, HUYA, LSCC — Stock Charts to Watch

Charts of the Day video for Wednesday February 20th, 2019


There’s still a lot of stocks running. The market is choppy, and there may be a little bit of distribution going on right now. We’ll see if it’s consolidation or distribution. The bottom line is, I have a lot of charts to show you.

Aphria Inc. (APHA), the marijuana stock that we had a swing on since December, looks to me like it wants to go higher. On Wednesday, it was up 1.01, or 1%, to 93.48, on 1.1 million shares. If it was a breakout that occurred in December, then it had a quick run-up to resistance and pulled back, this was a breakout on Wednesday, in my opinion. It needs to take out 11, and then it will be headed to 14 and 16 1/2.

Everbridge, Inc. (EVBG), one of my top picks for the year, broke out and ran all the way up to a new, 52-week high at 71.61 on Wednesday, before pulling back and closing at 57.95, up 3.69, or 5.74%, on 1.5 million shares. With Wednesday’s big volume, I think it will extend. The long-term chart shows the top of the channel and potential target is in the low 80’s.

Freeport-McMoRan Inc. (FCX), one of our swing trades, is following through with a nice 3-day run, although on Wednesday it did back off and close up only 26 cents, or 2%, to 13.35, on 38.2 million shares. I still think that after backing and filling a little, it’s going to get to 15, and eventually 17 1/2.

Harrow Health, Inc. (HROW) broke out on Wednesday as well, popping 38 cents, or 6%, to 6.68, on 680,237 shares traded. That’s the biggest volume in 2 1/2 months. It looks to me like, that if it can get up above the spike high from January when it reached 6.75, it could see 7.75 and 9.00.

HUYA Inc. (HUYA), another one of our swing trades, popped out of the consolidation area from the last three weeks. It had a nice run on Wednesday, up 1.95, or 9.73%, to 22.00, on 5.4 million shares. That’s the best volume we’ve seen on an up-day since mid-November. I think this stock is headed for a quick retest of around 24, and then, eventually, 26 and 30 will be doable.

Swing trade Lattice Semiconductor Corporation (LSCC) is doing fantastic. On Wednesday it exploded to 11.78, a 52-week high, closing at 11.75, up 52 cents, or 4.63%, on 3.3 million shares. It closed at the highest level going back 14-15 years. I think this stock can extend to the mid-14 1/2 range.

Stocks on the long side included Aphria Inc. (APHA), Bloom Energy Corporation (BE), Blink Charging Co. (BLNK), Coherus BioSciences, Inc. (CHRS), eHealth, Inc. (EHTH), Everbridge, Inc. (EVBG), Freeport-McMoRan Inc. (FCX), Fluidigm Corporation (FLDM), Fluent, Inc. (FLNT), Galectin Therapeutics, Inc. (GALT), Harrow Health, Inc. (HROW), HUYA Inc. (HUYA), Invacare Corporation (IVC), Kandi Technologies Group, Inc. (KNDI), LSC Communications, Inc. (LKSD), Lantheus Holdings, Inc. (LNTH), Lattice Semiconductor Corporation (LSCC), Invitae Corporation (NVTA), Impinj, Inc. (PI), Pyxus International, Inc. (PYX), Resonant Inc. (RESN), Southern Copper Corporation (SCCO), StoneCo Ltd. (STNE), Carrols Restaurant Group, Inc. (TAST), Veracyte, Inc. (VCYT), Energous Corporation (WATT), and YRC Worldwide Inc. (YRCW).




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