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AXGN, EDIT, ISRG, MED — Stock Charts to Watch

Charts of the Day video for Wednesday November 14th, 2018


Stocks on the Short Side…..

AxoGen, Inc. (AXGN) broke a wedge this week, and it looks like it’s coming down hard, dropping 1.11, or 3.34%, to 32.17, on 360,219 shares traded on Wednesday. Should it break underneath support at 31, potentially, we’re looking at 29-range short-term.

Editas Medicine, Inc. (EDIT) is also backing off resistance at the declining topsline, dropping 2.09, or 7%, to 26.90, on 648,815 shares traded on Wednesday. It seems to be headed down to the low 20’s.

Intuitive Surgical, Inc. (ISRG) has rolled over the last five sessions, it snapped back to resistance, and came down pretty hard. It closed on the gap on Wednesday, dropping another 4.80, or 1%, to 498.64, on shares traded. The bottom line to test now is 470.00, 455.00, and eventually 430.00.

Medifast, Inc. (MED) broke down hard in a beautiful bear wedge, dropping another 5.58, or 3.44%, to 156.47, on 209,456 shares traded on Wednesday. I have to put a swing on this one because it looks like it’s going to 115.00.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Covia Holdings Corporation (CVIA), Canada Goose Holdings Inc. (GOOS), Hutchison China MediTech Limited (HCM), Imprimis Pharmaceuticals, Inc. (IMMY), Kornit Digital Ltd. (KRNT), Micro Focus International plc (MFGP),, MACOM Technology Solutions (MTSI), Qiwi plc (QIWI), VelocityShares 3x Long Natural Gas ETN (UGAZ), and United States Natural Gas (UNG).

On the short side, stocks included Axon Enterprise, Inc. (AAXN), AxoGen, Inc. (AXGN), BlackLine, Inc. (BL), CRISPR Therapeutics AG (CRSP), Editas Medicine, Inc. (EDIT), Guidewire Software, Inc. (GWRE), IntriCon Corporation (IIN), IRadimed Corporation (IRMD), Intuitive Surgical, Inc. (ISRG), Medifast, Inc. (MED), MGP Ingredients, Inc. (MGPI), PTC Inc. (PTC), Qualys, Inc. (QLYS), SiteOne Landscape Supply, Inc. (SITE), Vicor Corporation (VICR), Wayfair Inc. (W), and Ltd. (WIX).

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