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BILI, DT, KALA, OSTK, PERI, RADA — Stock Charts to Watch

Charts of the Day video for Monday January 6th, 2020


Bilibili Inc. (BILI) exploded on Monday, jumping 1.13, or 5%, to 23.21, reaching a new all-time high of 23.45, on 11 million shares. In the last five days it has gone from 18 to 23.45. It may be extended and may need to back and fill, but it looks like it’s headed to the high 20’s.

Dynatrace Holdings (DT) went to a triple-top on Monday and I put a swing on it. It just kept running and ran up 2.63, or 10%, to 28.95, reaching a high of 29.21, on 4.6 million shares. In after hours it ran up another 39 cents, or 1.35%, to 29.34. It’s four waves up and a fifth wave is underway for this recent IPO. Looks like it’s headed to 34-35.

Kala Pharmaceuticals, Inc. (KALA) exploded 1.01, or 26.37%, to 4.84, reaching a high of 5.00, on 2.1 million shares on Monday. That was a big move for KALA. The biggest day I’ve seen this stock trade, on an up day especially, was on its IPO day. It is up against resistance and the declining topsline. Now, the major declining topsline may be taken out and this could be a much bigger mover. Look for a target around 6 3/4, and at some point, later down the road, you may see this stock run up to the 8 1/2-9 zone.

Overstock.com, Inc. (OSTK) sure popped on Monday, gaining 99 cents, or 14%, to 8.20, closing just pennies off the high at 8.25, on 4.5 million shares. That was the biggest volume on an up day since Oct when it tried to rebound off that big pullback. You can see the breakout from the base that it was in, and a big one, with a nice bar up. There’s resistance up in the 9.00 range. My near-term target is 9 1/4, and then I’m looking for 10 1/2-11.

Perion Network Ltd. (PERI) popped 74 cents, or 11%, to 7.30, with a high of 7.57, on 1.3 million shares on Monday and broke out across the Aug high and accelerated with big volume. At this point, I wouldn’t be shocked to see 8, 9, 11 or 12 in the next few weeks or months. This stock is looking good.

RADA Electronic Industries Ltd. (RADA), one of our picks for the year, exploded on Monday, and jumped 91 cents, or 16%, to 6.49, reaching a high of 7.00, on 2.2 million shares. I think this stock is just starting to run. The next leg will take it to 12 1/2, and then 17, at some point.

Stocks on the long side included Arbutus Biopharma Corporation (ABUS), Bilibili Inc. (BILI), Ballard Power Systems Inc. (BLDP), BioNTech SE (BNTX), California Resources Corporation (CRC), Dynatrace Holdings (DT), Hepion Pharmaceuticals, Inc. (HEPA), iCAD, Inc. (ICAD), Inseego Corp. (INSG), Kala Pharmaceuticals, Inc. (KALA), Kiniksa Pharmaceuticals, Ltd. (KNSA), LMP Automotive Holdings, Inc. (LMPX), The Michaels Companies, Inc. (MIK), Montage Resources Corporation (MR), O-I Glass, Inc. (OI), Oncolytics Biotech Inc. (ONCY), Overstock.com, Inc. (OSTK), Perion Network Ltd. (PERI), Plug Power Inc. (PLUG), Protalix BioTherapeutics, Inc. (PLX), RADA Electronic Industries Ltd. (RADA), SmileDirectClub, Inc. (SDC), and 21Vianet Group, Inc. (VNET).




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