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ARRY, COOL, ONCE, TRTN — Stock Charts to Watch

Charts of the Day video for Wednesday August 23rd, 2017


Array BioPharma Inc. (ARRY) became a swing for us when it exploded Sept, 2016, came down and we put a swing on it. It broke back out, ran up beautifully, reached my swing target, which was a very successful move, and then it came down again. It popped, pulled back, popped again, pulled back, popped one more time on Wednesday, gaining 53 cents, or 6%, 9.54, 5.7 million shares traded.Watch carefully, the 10.30 area. If it gets up to that, targets going forward are 12, 13 1/2, and maybe 15.

Majesco Entertainment Company (COOL) is a swing trade that is acting well. It popped, got up to resistance, and pulled back to support. On Wednesday, it snapped back 1.10, or 4.39%, to 26.16, 49,314 shares traded. Low volume. If it does get volume and pops out across the 27 1/2 range, I will be looking for it to make a move to 30, and then 32-4.

Spark Therapeutics, Inc. (ONCE), one of our swing trades, is doing well. It popped 1.73, or 2.22%, to 79.59, on 451,182 shares traded on Wednesday, but didn’t quite close right. Going forward, it needs to take out Wednesday’s high at 79.85. When it gets through that, look for a run to 87-8, and then the low to mid 90’s.

Triton International Ltd (TRTN) broke out on Tuesday, we highlighted it, and it followed through nicely, and popped 1.37, or 3.88%, to 36.65, on 757,514 shares traded. That’s the biggest volume since mid-June. It’s high test would be 37 1/2-3/4 range, getting up to 37.40. My target is 40, maybe 41 going forward.

On the long side, stocks included Abeona Therapeutics Inc. (ABEO), Array BioPharma Inc. (ARRY), Majesco Entertainment Company (COOL), Constellium N.V (CSTM), Express, Inc. (EXPR), Fiat Chrysler Automobiles N.V. (FCAU), Freeport-McMoRan Inc. (FCX), feng, Immunomedics, Inc. (IMMU), Kite Pharma, Inc. (KITE), Spark Therapeutics, Inc. (ONCE), Paratek Pharmaceuticals, Inc. (PRTK), Sequans Communications S.A. (SQNS), Triton International Ltd (TRTN), Tower Semiconductor Ltd. (TSEM), Veritone, Inc. (VERI), Weibo Corporation (WB), and Zion Oil & Gas, Inc. (ZN).

On the short side, stocks included Almost Family, Inc. (AFAM), Allegiant Travel Company (ALGT), Buffalo Wild Wings Inc. (BWLD), Cardtronics plc (CATM), Capella Education Company (CPLA), Foot Locker, Inc. (FL), Glaukos Corporation (GKOS), Hasbro, Inc. (HAS), Hill-Rom Holdings, Inc. (HRC), Inphi Corporation (IPHI), PCM, Inc. (PCMI), Signet Jewelers Limited (SIG), Tetra Tech, Inc. (TTEK), and Veritiv Corporation (VRTV).

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