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ARQL, CVM, EVBG, JNUG, KL, TLRY — Stock Charts to Watch

Charts of the Day video for Thursday June 20th, 2019

ARQL, CVM, EVBG, JNUG, KL, TLRY

ArQule, Inc. (ARQL) is ramping and getting to the top of the channel, but after the breakaway gap a week ago, it’s continuing to push. On Thursday, it pushed another 67 cents, or 7%, to 10.35, on 6.3 million shares. It looks like a move to 11 1/2-12 short-term may happen.

CEL-SCI Corporation (CVM) has been exploding, and you can see the run-up it’s had recently. In about three weeks it has gone from 3.70 to 7.70. On Thursday, it ran 96 cents, or 15%, to 7.54, on 1.2 million shares. Resistance from the May high is at about 8 1/2. If it gets through that, my targets are 12 and 15.

Everbridge, Inc. (EVBG) is a monster. In the past three years it has gone from under 12 to 97. On Thursday, it jumped 5.70, or 6.24%, to 97.02, on 1.2 million shares. Currently, it has been breaking out and running up in a juxtaposition with the lines running to about 103-105, which is the target short-term.

The Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) has a large basing-type pattern after a big downtrend. It had a big breakaway gap on Thursday with a pop of 1.64, or 17%, to 11.36, on 26.5 million shares. That’s huge volume for JNUG. There’s some resistance at about 11 3/4. I think this stock will make it to 13 3/4 and 16.

Kirkland Lake Gold Ltd. (KL), one of our favorites over the last two years, continues to explode and run beautifully in a rising channel. My target of 40-41 was hit on Thursday when it popped 1.22, or 3%, to 41.00, on 1.7 million shares. The next target is 45.

Tilray, Inc. (TLRY), a marijuana stock, is looking much better. It broke out on Thursday, gaining 4.24, or 9%, to 49.71, on 4.5 million shares and I put a new swing on it. I just like the fact that it took out a 9-month declining topsline. I think it has more to go. Volume was the best in about a week and a half. I’m looking for a test of 54, and, potentially, 62.

Stocks on the long side included First Majestic Silver Corp. (AG), AquaBounty Technologies, Inc. (AQB), ArQule, Inc. (ARQL), AngloGold Ashanti Limited (AU), Catabasis Pharmaceuticals, Inc. (CATB), CEL-SCI Corporation (CVM), Corindus Vascular Robotics, Inc. (CVRS), Everbridge, Inc. (EVBG), Bitcoin Investment Trust (GBTC), the Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Kirkland Lake Gold Ltd. (KL), the Direxion Daily Gold Miners Bull 3X ETF (NUGT), PaySign, Inc. (PAYS), PG&E Corporation (PCG), uniQure N.V. (QURE), Sea Limited (SE), Tilray, Inc. (TLRY), and Vuzix Corporation (VUZI).




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