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ARWR, GBTC, ROKU, SWAV, TLRA, — Stock Charts to Watch

Charts of the Day video for Thursday May 9th, 2019

Arrowhead Pharmaceuticals, Inc. (ARWR), one of our swings from back in Feb that hasn’t done much but consolidate for two months. It took a little bit of a pop on Thursday and went up 1.12, or 6.11%, to 19.45, on 1.8 million shares. That’s the best volume on an up-day since mid-March. What well be watching now is to see if it takes out the declining topsline from early April. If it can get through 20 1/2, the targets are 23 and 27.

Bitcoin Investment Trust (GBTC) looks like bitcoins are on the move and moving up. It was up eight days in a row, going from 6.61 to Thursday high and closing high at 8.23, up 39 cents, or 5%, on 5 million shares. It looks to me like 9.00 and 10.00 are the targets going forward.

Roku, Inc. (ROKU) had a monster day on Thursday, exploding 18.25, or 28%, to 83.17, on 56 million shares, reaching a high of 18.35. I think that’s the biggest volume traded on the upside for that stock. It came out of a consolidation in a multi-month zone. Going forward I have to look at mid-90’s as the next target for this stock.

ShockWave Medical, Inc. (SWAV) exploded on Thursday, and got all the way up to 53.20, before pulling back and closing up 5.81, or 14%, to 48.66, on 918,974 shares traded. It had a pretty strong day, and it may not be done. Look for something in the 60 range.

Telaria, Inc. (TLRA), a video management, platform company and one of our swing trades, had a nice engulfing reversal day on Thursday, popping 64 cents, or 9%, to 8.09, on 2.1 million shares. I think it’s headed to the 9-9 1/2 zone short-term.

Stocks on the long side included Arrowhead Pharmaceuticals, Inc. (ARWR), CareDx, Inc (CDNA), CECO Environmental Corp. (CECE), Copa Holdings, S.A. (CPA), Bitcoin Investment Trust (GBTC), Kratos Defense & Security Solutions, Inc. (KTOS), Nuance Communications, Inc. (NUAN),, Inc. (OSTK), Predictive Technology Group, Inc. (PRED), Precipio, Inc. (PRPO), R1 RCM Inc. (RCM), Roku, Inc. (ROKU), ShockWave Medical, Inc. (SWAV), Telaria, Inc. (TLRA), TechTarget, Inc. (TTGT), and Veritone, Inc. (VERI).

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