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ASUR, CROX, HOV, MDB, TTD — Stock Charts to Watch

Charts of the Day video for Tuesday October 8th, 2019


Asure Software, Inc. (ASUR), which exploded on Tuesday, running 1.56, or 23%, to 8.34, on a breakaway gap on 12 million shares on a day like this. Significant news that they are selling one of the major division for $120 million is showing up their financials.

Crocs, Inc. (CROX) is doing great in a lousy market, closing at the January high and multi-year high, up 1.35, or 4.66%, to 30.33, on 1.6 million shares on Tuesday. There’s resistance up at this level, plus it’s at the top of the channel so it could back off. Any blow through, though, to 32.00, could get it to the mid-to-high 30’s.

Hovnanian Enterprises, Inc. (HOV), one of the nation’s largest homebuilder, is behind this stock’s success. It has gone from 5 1/4 to 22 1/2 just in the last 60 days, an amazing move, and still has more momentum. On Tuesday, it was up 2.66, or 13.36%, to 22.57, on 451,937 shares traded. If you look at the pattern, and the way it exploded, it has some resistance right where it is. It might very well see mid-to-high 30’s short term.

MongoDB, Inc. (MDB), coming out of a wedge, dropped 9.22, or (-6.74%), to 127.50, on 1.8 million shares on Tuesday. It backed off right at the 50-day moving average and looks to me like it’s going to come down to 1.08. That my next target going forward.

The Trade Desk, Inc. (TTD) had a shallow snapback on low volume on lousing technicals on Tuesday, and dropped another 3.60, or (-1.86%), to 190.44, on 1.25 million shares. I don’t think this one is done. I’m looking to see if it will fill the gap at 167.00.

Stocks on the long side included Asure Software, Inc. (ASUR), Crocs, Inc. (CROX), dssi, Francesca's Holdings Corporation (FRAN), Hovnanian Enterprises, Inc. (HOV), Lexicon Pharmaceuticals, Inc. (LXRX), Nordic American Tankers Limited (NAT), Cloudflare, Inc. (NET), and Owens & Minor, Inc. (OMI).

On the short side, stocks included Booz Allen Hamilton Holding Corporation (BAH), Beyond Meat, Inc. (BYND), Gildan Activewear Inc. (GIL), MongoDB, Inc. (MDB), MercadoLibre, Inc. (MELI), Paycom Software, Inc. (PAYC), Anaplan, Inc. (PLAN), Roku, Inc. (ROKU), Tractor Supply Corp (TSCO), The Trade Desk, Inc. (TTD), and Twilio Inc. (TWLO).




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