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ARWR, ICAD, MX, NTNX, PERI, RCEL — Stock Charts to Watch

Charts of the Day video for Thursday October 17th, 2019


Arrowhead Pharmaceuticals, Inc. (ARWR), an old swing traded of ours, has gone up steadily for a year and a half and it still moves. This time it has moved from a real low level of under 1.55, and now, just a couple years later, it reached high 30’s on Thursday. On this breakout day, it jumped 2.09, or 6.06%, to 36.60, with a high of 37.33, on 2.2 million shares. This is a stock that has a lot of room to run. I think it could get up to the 60-dollar range, but, for now, the target is 42-43.

iCAD, Inc. (ICAD) continues to move up, popping on Thursday 63 cents, or 9.3%, to 7.40, with a high of 7.66, on 262,147 shares traded. I think it’s headed to 9.00, and then 10.75 going forward.

MagnaChip Semiconductor Corporation (MX) may have come out of a consolidation zone for the last four months and popped through 12. On Thursday, it was up 67 cents, or 6%, to 11.74, with a high of 11.85, on 426,360 shares traded. If that’s the case, and it did come out of a consolidation zone, targets are 13 and 16.

Nutanix, Inc. (NTNX) popped near the end of July, came out of its declining channel, moved up, and on Thursday, this stock gained another 57 cents, or 2.18%, to 26.76, with a high of 27.44, on 3.5 million shares. This stock may pop up through and take out 27.60, which could lead to 31-32, and then 35.

Perion Network Ltd. (PERI) looks like it reversed on Thursday. A couple days ago it popped out of a falling wedge, and on Thursday, it popped 56 cents, or 12%, to 5.25, with a high of 5.37, on 463,176 shares traded. That’s the biggest volume in about three weeks. If it pops and breaks out, the first target is 6.00, and then 7.00 is the second target.

Avita Medical Limited (RCEL), formerly AVMXY, popped on a breakaway gap on high volume on Thursday, jumping 81 cents, or 10.27%, to 8.70, at the high for the day at 8.90, on 461,619 shares traded. It backed off the high but closed solidly. I’m looking for a follow-through, eventually, to take this to 12.

Stocks on the long side included Arrowhead Pharmaceuticals, Inc. (ARWR), Assembly Biosciences, Inc. (ASMB), Central European Media Enterprises Ltd. (CETV), Care.com, Inc. (CRCM), Crocs, Inc. (CROX), Castor Maritime Inc. (CTRM), Endo International plc (ENDP), Fitbit, Inc. (FIT), FormFactor, Inc. (FORM), Francesca's Holdings Corporation (FRAN), iCAD, Inc. (ICAD), Limelight Networks, Inc. (LLNW), Mallinckrodt Public Limited Company (MNK), MagnaChip Semiconductor Corporation (MX), Nutanix, Inc. (NTNX), OrganiGram Holdings Inc. (OGI), Perion Network Ltd. (PERI), Avita Medical Limited (RCEL), and Stitch Fix, Inc. (SFIX).




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