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BE, CDNA, CHRS, EVBG, IO, KL — Stock Charts to Watch

Charts of the Day video for Thursday February 21st, 2019


We had a very interesting day on Thursday. The market is still in a pullback-consolidation-retest mode. A lot of individual stocks, however, don’t care. They’re moving and we are going to cover some of them here.

Bloom Energy Corporation (BE) had the key breakout I was looking for on Thursday, popping 56 cents, or 4.53%, to 12.92, on 2.5 million shares. That’s one of the best volumes we’ve seen on this stock. On Wednesday it broke above the 50, and on Thursday it advanced. If it can get through 13.63, targets are 18, and then in the 21 area eventually.

CareDx, Inc (CDNA) on positive lung transplant patient news was up another 1.17, or 4.35%, to 28.04, or 812,404 shares traded on Thursday. It’s right up against resistance. Its entire pattern looks like a consolidation zone, basing-type pattern. What it will need to get is a move above 30.80-.81, and then a run toward mid-channel around 42.

Coherus BioSciences, Inc. (CHRS) stair-stepped its way up after breaking the declining channel the first few days in January, pulled back, moving averages crossed over at around 12, ran up to 15, pulled back and flagged again. On Thursday it popped 44 cents, or 3.03%, to 14.94, on 1 million shares, and it’s at resistance. If it moves through this zone, we could get a run to 17, and eventually 20.

Everbridge, Inc. (EVBG), a leader in event management and enterprise safety applications and one of our Top 30 for the year, is still trending forward. On Thursday it was up 1.51, or 2.22%, to 69.46, on 477,932 shares traded. It looks like it’s headed toward the channel top at 85.

ION Geophysical Corporation (IO), a swing trade of ours, formed a rising flag that looks pretty good. It was up 50, or 3.97%, to 13.11, on 115,112 shares traded on Thursday. It went from a low of 12.50 to a high of 13.18. It looks like the rising flag is going to accelerate higher to 17, and then 21-22.

Kirkland Lake Gold Ltd. (KL) is probably the best gold stock on the market. In the last three years it has gone from under 1.50 all the way up to 36.00. Recently, just from the November low at 18, this stock has more than doubled. On Thursday it was up 2.60, or 7.78%, to 36.02 with a high of 36.49, on over 3 million shares. In after hours it was up another 2.68, or 7.44%.

Stocks on the long side included Bloom Energy Corporation (BE), The Cheesecake Factory Incorporated (CAKE), Avis Budget Group, Inc. (CAR), CareDx, Inc (CDNA), Coherus BioSciences, Inc. (CHRS), Copart, Inc. (CPRT), Changyou.com Limited (CYOU), Delphi Technologies PLC (DLPH), Everbridge, Inc. (EVBG), HyreCar Inc. (HYRE), Inseego Corp. (INSG), ION Geophysical Corporation (IO), Kirkland Lake Gold Ltd. (KL), Kandi Technologies Group, Inc. (KNDI), Lantheus Holdings, Inc. (LNTH), Scientific Games Corporation (SGMS), Carrols Restaurant Group, Inc. (TAST), Talend S.A. (TLND), 3Pea International, Inc. (TPNL), Zix Corporation (ZIXI), Zosano Pharma Corporation (ZSAN), and Zynerba Pharmaceuticals, Inc. (ZYNE).




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