Charts of the Day

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ARWR, FATE, HUYA, HYRE, QURE, RCKT — Stock Charts to Watch

Charts of the Day video for Monday February 25th, 2019

ARWR, FATE, HUYA, HYRE, QURE, RCKT

The markets had a very interesting day on Monday, up sharply with big gaps in the morning on more positive trade news, they consolidated, reached a higher-high, and then had a long decline to the session lows, but still closed up on the day. Advance-declines were sloppy, nearly flat on both exchanges, and the up/down volume was nothing to speak about at 5 to 3 on both exchanges as well. A lot of stocks we follow did well, and here are a few I want to show you.

Arrowhead Pharmaceuticals, Inc. (ARWR) continues to act well, popping another 72 cents, or 3.9% to 19.12, on 1.9 million shares on Monday. You can see the rising channel extends. I’m looking for a test of the 20.20-.30 range. That may happen quickly and shortly. The secondary target is 23 going forward.

Fate Therapeutics, Inc. (FATE) popped out of a mini, inverse head-and-shoulders. It had a nice run-up of 1.85. or 12.83%, to 16.27, on 1.2 million shares. The volume picked up. It was the best volume on an up-day in three months. I’m looking for a test of 17 3/4-18, and then 23.

HyreCar Inc. (HYRE) had a big day on Monday. It had a swing put on it on Friday, and had a nice follow-through on Monday, up 35 cents, or 7%, to 5.34, on 1.7 million shares. I’m still looking for 6.35-.45, and eventually 8.00-9.00.

uniQure N.V. (QURE) had a huge day on Monday, exploding 14.27, or 34%, to 55.87, on over 4 million shares. That’s the biggest day I’ve even seen for this stock. The long-term channel tells me this is not done until it gets to 80.

Rocket Pharmaceuticals, Inc. (RCKT) has an inverse head-and-shoulders that popped on Monday, jumping 1.73, or 11.63%, to 16.61, on 363,452 shares traded. It closed right on the neckline. Any follow-through here will take it to 18 1/2, and then 21-22.

Stocks on the long side included Akcea Therapeutics, Inc. (AKCA), Arrowhead Pharmaceuticals, Inc. (ARWR), Aurinia Pharmaceuticals Inc. (AUPH), bluebird bio, Inc. (BLUE), Audentes Therapeutics, Inc. (BOLD), China Internet Nationwide Financial Services Inc. (CIFS), CRISPR Therapeutics AG (CRSP), Community Health Systems, Inc. (CYH), Fate Therapeutics, Inc. (FATE), Phoenix New Media Limited (FENG), Amicus Therapeutics, Inc. (FOLD), Farfetch Limited (FTCH), General Electric Company (GE), HUYA Inc. (HUYA), HyreCar Inc. (HYRE), nLIGHT, Inc. (LASR), NIO Inc. (NIO), Pyxus International, Inc. (PYX), Qudian Inc. (QD), uniQure N.V. (QURE), Rocket Pharmaceuticals, Inc. (RCKT), StoneCo Ltd. (STNE), China SXT Pharmaceuticals, Inc. (SXTC), Veritone, Inc. (VERI), Weibo Corporation (WB), and Zosano Pharma Corporation (ZSAN).




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