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BE, CLDX, DYAI, OSTK, PAAS, WRTC — Stock Charts to Watch

Charts of the Day video for Wednesday June 10th, 2020


Bloom Energy Corporation (BE) popped on Wednesday and exploded for 1.87, or 22%, to 10.27, after reaching a session high of 10.50, on 9.6 million shares traded. That’s the biggest volume on an up-day for this stock going pretty far back. I think this may be a breakout-of-a-coil day up near resistance. We need to get about 10 3/4 taken out. If it does that, the next target is 14, if not more.

Celldex Therapeutics, Inc. (CLDX) certainly popped and exploded out of a base pattern on Wednesday. That was a massive move, taking it from 3.28, and running up 1.81, or 60.5%, to 4.80, with an early afternoon thrust to a multi-week and session high at 5.70, on 23 million shares traded. Still, I’m looking for more upside. The initial target is 6 1/2, and then 9. There might be a swing here if I can get a little pullback on Thursday.

Dyadic International, Inc. (DYAI) exploded and pulled back in March, and then worked its way up to form a coil. You can see, the coil broke with abandon on Wednesday, exploding 2.02, or 33%, to 8.13, with a multi-week and session high of 9.31, on 1.4 million shares traded, and another 47 cents to 8.60 in after-hours. We had a nice day trade with this one. If this is a breakout, the highest level goes back fourteen years, so it might make a much bigger upside move. Looking for 12-13 going forward.

Overstock.com, Inc. (OSTK) jumped 1.98, or 9%, to 23.94, with a session high of 24.23, on 3.8 million shares traded on Wednesday. This stock has been a monster for three months, going for 2 1/2 to 24.23. That’s a huge move. If it gets out of the ascending bull wedge, you could see 29 3/4 next.

Pan American Silver Corp. (PAAS), a swing trade of ours, made a nice pop on Wednesday, moving up 1.71, or 6.34%, to 28.69, with a session high of 28.71, on 3.8 million shares traded, and extending its run. If it can get through 30 3/4, targets are 33 and 36.

Wrap Technologies, Inc. (WRTC) came out of a falling wedge on Wednesday and reversed gaining 24 cents, or 3.42%, to 7.11, with a session high of 7.34, on 1.6 million shares traded. Late in the day, it traded up near resistance. If it can get through 7.35 and 7.85, targets will be 9, 10, and eventually 12.

Stocks on the long side included Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), Cerus Corporation (CERS), Celldex Therapeutics, Inc. (CLDX), Dyadic International, Inc. (DYAI), FuelCell Energy, Inc. (FCEL), Grayscale Bitcoin Trust (BTC) (GBTC), LightPath Technologies, Inc. (LPTH), Nautilus, Inc. (NLS), Overstock.com, Inc. (OSTK), Pan American Silver Corp. (PAAS), Precigen, Inc. (PGEN), Plug Power Inc. (PLUG), Riot Blockchain, Inc. (RIOT), Retractable Technologies, Inc. (RVP), Tesla, Inc. (TSLA), VelocityShares 3x Long Silver ETN Linked to the S&P GSCI Silver Index ER (USLV), Vapotherm, Inc. (VAPO), Wrap Technologies, Inc. (WRTC), ZOOM Technologies, Inc. (ZOOM), and Zynex, Inc. (ZYXI).




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