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APPS, GNUS, HOME, SGMS, VICR, WORK — Stock Charts to Watch

Charts of the Day video for Wednesday June 3rd, 2020


Digital Turbine, Inc. (APPS), one of our old favorites, which we had in that range that really ran from 3.00 to 9.00, but eventually got smacked back down in March to 3.48. It was trading as high as 7.00 on Tuesday, and on Wednesday, it exploded 2.19, or 32%, to 9.05, after reaching multi-week and session high of 9.20, on 19 million shares traded. That’s monster volume for this stock. I’ve never seen 18.7 million shares traded on a breakaway day. That’s very significant, meaning to me that this stock may still have more upside. If it does get through resistance, and it may not because of the big volume and resistance here, but if it does, and momentum carries it forward, my target is 11 and 12 1/2.

Genius Brands International, Inc. (GNUS) popped 3.91, or 97%, to 7.93, with a early-morning, multi-week and session high of 8.00, on 409.2 million shares traded, and another 81 cents to 8.74 in after-hours on Wednesday. Over the last few weeks, or a month, it has gone from 25 cents to near 9.00 to 8.74. After consolidating, unable to get through 8.00, it popped. If it takes resistance out at 8.85-.88, it could see to 9 1/2-10 as early as Thursday morning.

At Home Group Inc. (HOME) is running, and running hard, gaining 1.13, or 22%, to 6.18, with a session high of 6.33, on 7.8 million shares traded. It had a distinct downtrend that was taken out a couple days ago. Now, I think it’s going to run up to 7.00-.35, and 10 1/2 longer term.

Scientific Games Corporation (SGMS) is rocking it. It exploded a couple times before it had a pullback retest and has been moving up in a rising channel. On Wednesday, it popped again, advancing 2.41, or 14.8%, to 18.65, with a session high of 19.00, on 2.6 million shares traded, and another 55 cents to 19.20 in after-hours. Targets are 21 1/2, followed by 25.

Vicor Corporation (VICR), one of my momentum stocks, took off on Wednesday, ramping up 5.58, or 9.4%, to 66.10, with an all-time and session high of 67.99, on 448,014 shares traded. Thinking this stock may have more to go as it edges higher, look for it to head to low-to-mid 70’s.

Slack Technologies, Inc. (WORK) is working great, jumping 1.52, or 4%, to 39.90, just 9 cents off the session high of 39.99, on 25 million shares traded, and then another 75 cents to 40.65 in after-hours on Wednesday. It closed very nicely at the upper end of the range. The next target is 43-44.

Stocks on the long side included Digital Turbine, Inc. (APPS), Allegheny Technologies Incorporated (ATI), AXT, Inc. (AXTI), Avis Budget Group, Inc. (CAR), Constellium SE (CSTM), Delta Air Lines, Inc. (DAL), Genius Brands International, Inc. (GNUS), Canada Goose Holdings Inc. (GOOS), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), At Home Group Inc. (HOME), Remark Holdings, Inc. (MARK), Maxar Technologies Inc. (MAXR), Microchip Technology Incorporated (MCHP), NIO Inc. (NIO), Intellia Therapeutics, Inc. (NTLA), O-I Glass, Inc. (OI), Dave & Buster's Entertainment, Inc. (PLAY), Penn Virginia Corporation (PVAC), Scientific Games Corporation (SGMS), sig, Sasol Limited (SSL), TPG RE Finance Trust, Inc. (TRTX), Veritone, Inc. (VERI), Village Farms International, Inc. (VFF), Vicor Corporation (VICR), VectoIQ Acquisition Corp. (VTIQ), Slack Technologies, Inc. (WORK), and ZOOM Technologies, Inc. (ZOOM).




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