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BLFS, CIEN, TPNL, TSEM — Stock Charts to Watch

Charts of the Day video for Tuesday February 19th, 2019


We’re going to go over some stocks here that are still looking fine.

BioLife Solutions, Inc. (BLFS), after coming in a downtrend and forming a consolidation above the moving averages, it broke out, formed a falling wedge, and on Tuesday, it broke out of that falling wedge, popping 1.25, or 7.7%, to 17.41, on 175,392 shares traded. I’m looking for a move to 22 and 26 on BLFS.

Ciena Corporation (CIEN) is still looking good and has been moving up for about seven days now. On Tuesday, it jumped 1.58, or 3.93%, to 41.79, on 4.3 million shares. It broke out above resistance in the 41.79 zone. I am going to move it down or take it out and say that I think now it can extend up towards 48. That was my secondary swing target.

3Pea International, Inc. (TPNL) broke out on Friday, and followed through on Tuesday, advancing 38 cents, or 4.9%, to 8.14, on 528,659 shares traded. I’m looking for this one to head up towards 10-dollars, if momentum continues.

Tower Semiconductor Ltd. (TSEM) exploded 2.05, or 13%, to 18.21, on 1.4 shares traded. This stock has been in a downtrend for over a year. The turn-around has multiple bottoms, a breakout of the base, and couple days of stalling, with big volume to the upside. Nearly 1.5 million shares traded is the biggest volume on an up-day going way back. I’m going to see if it tests the 19.25-.30 range, which is next resistance. Beyond that, the target is 21-22.

Stocks on the long side included First Majestic Silver Corp. (AG), AngloGold Ashanti Limited (AU), BioLife Solutions, Inc. (BLFS), Ciena Corporation (CIEN), Ceragon Networks Ltd. (CRNT), Canadian Solar Inc. (CSIQ), Freeport-McMoRan Inc. (FCX), First Solar, Inc. (FSLR), Huami Corporation (HMI), INSYS Therapeutics, Inc. (INSY), ION Geophysical Corporation (IO), JinkoSolar Holding Co., Ltd. (JKS), Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Micro Focus International plc (MFGP), Intec Pharma Ltd. (NTEC), Direxion Daily Gold Miners Bull 3X ETF (NUGT), Overstock.com, Inc. (OSTK), Superior Energy Services, Inc. (SPN), Titan Medical Inc. (TMDI), 3Pea International, Inc. (TPNL), Energous Corporation (WATT), YETI Holdings, Inc. (YETI) and YRC Worldwide Inc. (YRCW).




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