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APPN, BAH, HMSY, NVRO, PEGI — Stock Charts to Watch

Charts of the Day video for Monday August 12th, 2019

Appian Corporation (APPN) gapped up on Monday, pulled back, formed a narrowing up-channel, and midafternoon it reached the high for the day and 52-week high at 54.12. It was up 2.35, or 4.57%, to 53.80, on 1.4 million shares. It closed fairly bullish. Swing targets going forward are 55, 57 1/2, and 60.

Booz Allen Hamilton Holding Corporation (BAH) didn’t make a very big move on Monday, popping just 53 cents, to 72.94, on 743,993 shares traded, which is not very compelling, but I like the long-term technicals. It reached a high of 73.33. The close is bullish. Short-term technicals as well as long-term technical strength are very compelling. I like the channel. There’s resistance at 73.33. If it can get through here, swing targets are 73, 77 1/2, and 80.

HMS Holdings Corp. (HMSY) ran 1.32, or 3.49%, to 39.17, on 680,399 shares traded on Monday. They gapped up, pulled back, broke out, tested the high, pulled back again, and continued upward in wedges and coils, forming a triple top at the highs for the day at 39.51. They rolled over and moved down slightly in a falling wedge to close not far off the highs. The trend strength is strong on a swing. There’s resistance at 39.54 and 39.74. If this stock can get through here, swing targets are 40, 42 1/2, and 45.

Nevro Corp. (NVRO) gapped up at the opening on Monday, and held trendline support all day as it gained 4.70, or 6.3%, to 79.16, on 975,007 shares traded. The close was bullish. There’s resistance at 80.75. If it can get through here, targets are 82 1/2, 85, 87 1/2.

Pattern Energy Group Inc. (PEGI) jumped 1.85, or 8%, to 25.15, on 2.4 million shares on Monday. It had a very interesting chart, opening to the upside, consolidated as it moved down slightly, and then it moved sideways all day, coiling and consolidating, until 15 minutes remained. On takeover news, it spiked straight up, going from 23.03 to 25.12, almost reaching support, pulled back, gapped to the high at 25.90, and pulled back into the close. Resistance is at 26.56. If it can get over this, swing targets are 27 1/2 and 30.

On the long side, stocks included Appian Corporation (APPN), Booz Allen Hamilton Holding Corporation (BAH), HMS Holdings Corp. (HMSY), Nevro Corp. (NVRO), and Pattern Energy Group Inc. (PEGI).

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