Charts of the Day

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BHC, IGC, NBEV, TLRY — Stock Charts to Watch

Charts of the Day video for Monday October 1st, 2018

BHC, IGC, NBEV, TLRY

Bausch Health Companies Inc. (BHC) is a swing trade of ours, which is acting great. It popped when I gave you a swing, then consolidated for a week, and popped again on Monday, snapping back 1.67, or 6.5%, to 27.34, on nearly 19 million shares. The high in June was 27.79 and on Monday it was 27.63. I think it will extend to 32 and then 38.

India Globalization Capital, Inc. (IGC) is going ballistic. It’s one of those momentum stocks that just keeps going. When it stops, in my opinion, it’s going to be ugly. On Monday it has gone from 2.00 to over 12.00, and closed up 2.57, or 40%, to 9.02, on 64.6 million shares. If it doesn’t coil, the momentum could take it to 14 1/2-15.

New Age Beverages Corporation (NBEV), the latest craze in marijuana drinks, is ramping and has gone from 6.76 to over 10 in after hours on Monday. It closed up 3.60, or 67%, to 8.95, on 91 million shares. It’s still ramping and looks like it’s making it way up toward 11.00.

Tilray, Inc. (TLRY) had another ramp up and a 22.75% retracement so far. It was up 21.36, or 15%, to 164.98, on 14 million shares on Monday. In after hours it reached 171.00 and backed off. If it does a 50% retrace it could see 200.

Stocks on the long side included The Boeing Company (BA), Bausch Health Companies Inc. (BHC), California Resources Corporation (CRC), India Globalization Capital, Inc. (IGC), Level Brands, Inc. (LEVB), New Age Beverages Corporation (NBEV), Neptune Technologies & Bioressources Inc. (NEPT), Northern Oil and Gas, Inc. (NOG), NVIDIA Corporation (NVDA), Nuvectra Corporation (NVTR), Impinj, Inc. (PI), ProQR Therapeutics N.V. (PRQR), Rosetta Stone Inc. (RST), Tilray, Inc. (TLRY), VelocityShares 3x Long Natural Gas ETN (UGAZ), VelocityShares 3nx Lng Crude Oil ETN New (UWT), Viavi Solutions Inc. (VIAV), W&T Offshore, Inc. (WTI).

On the short side, stocks included Autohome Inc. (ATHM), AxoGen, Inc. (AXGN), Federal Agricultural Mortgage Corporation (AGM), argenx SE (ARGX), Copa Holdings, S.A. (CPA), Editas Medicine, Inc. (EDIT), FirstCash, Inc. (FCFS), IntriCon Corporation (IIN), Instructure, Inc. (INST), Jones Lang LaSalle Incorporated (JLL), Nevro Corp. (NVRO), Olin Corporation (OLN), PetMed Express, Inc. (PETS), SiteOne Landscape Supply, Inc. (SITE), Tenet Healthcare Corporation (THC), LendingTree, Inc. (TREE), Vicor Corporation (VICR), and Wynn Resorts, Limited (WYNN).




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