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AXSM, BBBY, IMGN, ORMP, SCOR, WRTC — Stock Charts to Watch

Charts of the Day video for Wednesday December 18th, 2019


Axsome Therapeutics, Inc. (AXSM) jumped 8.60, or 11%, to 89.57, just pennies off its high at 89.65, on 2.4 million shares on Wednesday. It has literally gone from the 6-7 range in Jan of this year when we first gave it to you, eleven months, made its way up to 90. When this stock pops, it holds, and then starts to go. I think it’s going to ram to 106, 118, and 129. Those are all targets for AXSM.

Bed Bath & Beyond Inc. (BBBY), on internal restructuring of this company, on Wednesday popped 84 cents, or 5%, to 17.72, closing pennies off the high at 17.79, on 10.2 million shares. This is a swing we gave you mid-Oct in the 12-range, and it is now at 18. I’m looking for 20 1/2-21, and then 24 as targets going forward.

ImmunoGen, Inc. (IMGN) is looking great, up another 35 cents, or 7.58%, to 4.97, with a high of 5.03, on 7.4 million shares on Wednesday. The falling wedge popped two days ago. I noted that. The two days of follow-through with really good volume have been excellent. If it can get a little more momentum, I think maybe it can get up near 6.

Oramed Pharmaceuticals Inc. (ORMP) popped two weeks ago, pulled back, and formed a wedge. When I saw the wedge on Wednesday, I thought it was a beauty. It started to move up, I gave you a buy on it on Wednesday, and it closed up 28 cents, or 5.5%, to 5.34, with a high of 5.60, on 206,376 shares traded. Now, it needs to follow-through and get up to 5.70. If it does, targets are 6 1/2 and 7 3/4.

comScore, Inc. (SCOR) continues to act well, gaining another 29 cents, or 6%, to 5.19, reaching a high of 5.45, on 1.2 million shares on Wednesday. That’s the biggest volume in three weeks. I like the looks of this for a move to 7 1/4 going forward.

Wrap Technologies, Inc. (WRTC) gained 17 cents, or 2.7%, to 6.46, with a high of 271,207 shares traded on Wednesday. It took a pretty big hit on Tuesday on a pullback, and double-bottomed at about 5 3/4, which is support. Take that wedge and breakout, and it’s headed to 7 1/2, 8 1/4, and ultimately 10.

Stocks on the long side included Alpha and Omega Semiconductor Limited (AOSL), Axsome Therapeutics, Inc. (AXSM), Bed Bath & Beyond Inc. (BBBY), Bloom Energy Corporation (BE), CorMedix, Inc. (CRMD), 3D Systems Corporation (DDD), Epizyme, Inc. (EPZM), ImmunoGen, Inc. (IMGN), Eastman Kodak Company (KODK), Karyopharm Therapeutics Inc. (KPTI), Mirum Pharmaceuticals, Inc. (MIRM), Nordic American Tankers Limited (NAT), Neoleukin Therapeutics, Inc. (NLTX), Oramed Pharmaceuticals Inc. (ORMP), comScore, Inc. (SCOR), Steelcase Inc. (SCS), Advanced Drainage Systems, Inc. (WMS), Wrap Technologies, Inc. (WRTC), and Zymeworks Inc. (ZYME).




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