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ARMS, QURE, SFIX, VSTM — Stock Charts to Watch

Charts of the Day video for Thursday August 9th, 2018


Swing trade Amyris, Inc. (AMRS) broke out on Wednesday, and followed through on Thrusday with a clean breakout above the resistance zone. It was a small gain, up 22 cents, or 3%, to 7.84, on nearly a million shares. The next target is around 9.00, followed by 10 3/4.

uniQure N.V. (QURE) had a nice rebound on Thursday, with a thrust of 2.69, or 8.4%, to 34.65, on 404,252 shares traded. It formed a little extended V. This was a key day for this stock to breakout. It didn’t close above the 50, but it did take out the 10 and 21. Not a lot of volume traded. I’m looking for a retest of 40. When it gets through that, the next target is 47-8.

Stitch Fix, Inc. (SFIX) bounced 1.82, or 6%, to 31.75, on 1.8 million shares on Thursday. It is slowly edging backwards. After breaking out and then pulling back for one day, it resumed the advance. Short-term target is in the 32-32.10 range, and if it gets through that, the targets are 35, and maybe the high 30’s.

Verastem, Inc. (VSTM) broke out on Thursday, popping 88 cents, or 11%, to 8.67, on 7 million shares, and then it backed off. Right at the breakout point, we put a swing on it. I think it’s going to resume the advance, and make a run to the 11-12 zone.

Stocks on the long side included Amyris, Inc. (AMRS), ANGI Homeservices Inc. (ANGI), Alteryx, Inc. (AYX), Canopy Growth Corporation (CGC), PolarityTE, Inc. (COOL), Caesarstone Ltd. (CSTE), CenturyLink, Inc. (CTL), Funko, Inc. (FNKO), Health Insurance Innovations, Inc. (HIIQ), Michael Kors Holdings Limited (KORS), Mallinckrodt Public Limited Company (MNK), Match Group, Inc. (MTCH), Nuance Communications, Inc. (NUAN), Invitae Corporation (NVTA),, Inc. (OSTK), uniQure N.V. (QURE), R1 RCM Inc. (RCM), RF Industries, Ltd. (RFIL), Roku, Inc. (ROKU), SailPoint Technologies Holdings, Inc. (SAIL), Stitch Fix, Inc. (SFIX), Twilio Inc. (TWLO), Verastem, Inc. (VSTM), Xenon Pharmaceuticals Inc. (XENE), and Yelp Inc. (YELP).

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