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ARRY, DMRC, QD, QURE, ROKU — Stock Charts to Watch

Charts of the Day video for Tuesday May 21st, 2019

ARRY, DMRC, QD, QURE, ROKU

Array BioPharma Inc. (ARRY) exploded on positive news on Tuesday, jumping 4.81, or 23%, to 25.77, on 20 million shares, a major breakaway move, in my opinion. First it came down, and then ripped to the high at 26.82. I think this will probably lead to additional upside. My target is 35.

Digimarc Corporation (DMRC) has been a monster since it exploded in early May and has gone non-stop from 29.53 to Tuesday’s high at 63.98. I think this was an important day because for two weeks it has been forming some sort of ascending coil or wedge within the channel. On Tuesday, it broke out, ran 4.94, or 8.4%, to 63.70, on 426,023 shares traded and closed above it. Now I’m looking for 75, folks.

Qudian Inc. (QD) had broken out and then came down a lot further than I would have thought, but it did hold the 50-day and trendline, and snapped back 95 cents, or 15 1/2%, to 7.09, on 8.7 million shares. Target is 8 1/2 going forward.

uniQure N.V. (QURE), one of my really old favorites from way back in mid-2017 around 9-10 range when we first bought it. Then I gave you a swing on it around 13-15, it got all the way up to 69.60, came down in a 3-wave corrective pullback, formed a falling wedge, and then popped out on Tuesday, gaining 2.41, or 4%, to 63.49, on 484,809 shares traded. I think you’re going to see this run to the mid to high 70’s.

Roku, Inc. (ROKU) was another big popper on Tuesday, jumping 4.30, or 5%, to 87.63, on 10.7 million shares. This was the highest close ever. My target on ROKU is in the high 90’s.

Stocks on the long side included ArQule, Inc. (ARQL), Array BioPharma Inc. (ARRY), Arrowhead Pharmaceuticals, Inc. (ARWR), Digimarc Corporation (DMRC), Dycom Industries, Inc. (DY), Fate Therapeutics, Inc. (FATE), Bitcoin Investment Trust (GBTC), Iovance Biotherapeutics, Inc. (IOVA), PaySign, Inc. (PAYS), Qudian Inc. (QD), uniQure N.V. (QURE), Roku, Inc. (ROKU), Sunrun Inc. (RUN), Vivint Solar, Inc. (VSLR), ad Zynex, Inc. (ZYXI).




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