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AYX, BLL, MAXR, MGTX, SMAR, OSIS — Stock Charts to Watch

Charts of the Day video for Tuesday July 2nd, 2019

Tonight’s charts are by Andre as Harry is out of town.

Alteryx, Inc. (AYX) opened slightly higher on Tuesday, pulled back, formed a breakaway gap on volume to resistance, backed off on profit taking, reached support at 108.65, and stair-stepped higher. Ran back up to the trendline, pulled back, broke support, popped, showed some volatility above and below trendline support and trendline resistance, held, worked its way higher, broke out, formed a wedge and close up 3.02, or 3%, to 111.44, on 1 million shares. Targets are 111.89 and 112.50 short-term, and 115 and 117.50 longer-term.

Ball Corporation (BLL) gapped up on Tuesday, pulled back, spiked to new high, backed off, held, moved along in a trading pattern or wedge, then into a falling wedge, held trendline support, popped and moved up in a rising channel, and closed in a strong close up 1.30, or 1.85%, to 71.56, on 2.4 million shares. Targets are 72.50, 75, 77.50, and 80 longer-term.

Maxar Technologies Inc. (MAXR), which I posted on several times on Tuesday, is contemplating on selling the MDA space business, and there are two European companies are interesting in it. It opened about 19 cents higher on Tuesday, pulled back, broke out on the news of the sale, and ran up to 9.35, pulled back, held, moving up in a rising channel to 9.43, backed off, and closed up 1.39, or 17 1/2%, to 9.31, on 8.5 million shares. Targets are 10 and 12.50.

MeiraGTx Holdings (MGTX) opened a little lower on Tuesday. It is in a beautiful rising channel and for most of the trading day on Tuesday, it continued upward along the trendline, dropped below it and then rose above it, and closed up 1.00, or 4%, to 29.07, on 234,387 shares traded. Targets are 29.44, 32.50, and 35.

Smartsheet Inc. (SMAR) gapped up, pulled back, moved up on volume, became somewhat volatile as it continued its move up, and then closed strong, up 2.13, or 4.3%, to 51.65, on 2.1 million shares. Targets are 52.50 and 55 going forward.

OSI Systems, Inc. (OSIS) gapped up slightly, pulled back, broke out, extended to resistance at 116.42, came down, moved across in a choppy pattern, pulled back on profit taking into a falling wedge, and then popped and closed up 69 cents, to 115.89, on 185,988 shares traded. Targets are 117.50 and 120.

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