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BSGM, GPMT, HUYA, PVAC, SDGR, WORK — Stock Charts to Watch

Charts of the Day video for Thursday March 26th, 2020


BioSig Technologies, Inc. (BSGM) had a huge pop on Thursday of 2.25, or 58.4%, to 6.13, after reaching a session high of 6.22, on 2.9 million shares traded. It exploded and pulled back, and from the 4-4.10 level in the morning it ran up, in the afternoon I put a day trade on it when it was trading at 4.75-.85, and by four o’clock it exploded to 6.46 one minute after the close. A fantastic day trade for this stock. You can see on the daily chart that it moved from 2.36 to 6.22 to the resistance zone. I would be careful, though, because it may back and fill or pullback and retest.

Granite Point Mortgage Trust Inc. (GPMT), which we had fun trading on Thursday, jumped 4.56, or 203%, to 6.81, with a high of 9.49, on 33.3 million shares traded and an additional 64 cents, or 9.4%, to 7.45 in after-hours. The one-minute chart shows it going from the 4 1/4-1/2 range, all the way up to 9.49, more than doubling, before pulling back. I wanted to show you this, because, although it has a negative chart, Thursday was outstanding with a huge breakaway gap with huge volume. It could get a little follow-through to 10 1/2-11. I don’t think it will get much more than that before backing off.

HUYA Inc. (HUYA) made a sharp move off the low earlier this month, going from 12.40, up 1.72, or 11 1/2%, to 16.70, with a high of 17.18, on 4 million shares traded and another 11 cents to 16.81 in after-hours, to a resistance zone. I expect it to back off a little bit.

Penn Virginia Corporation (PVAC), out of nowhere, bottomed, popped, retested, and broke out above resistance, gaining 74 cents, or 25.5%, to 3.64, with a high of 4.40, on 1.5 million shares traded and another 51 cents, or 14%, to 4.15 in after-hours, and backed off. That was good volume for that stock. You can see a pattern developing.

Schrodinger, Inc. (SDGR) broke out of a declining topsline, had a three-day pullback, and then on Thursday, popped 2.35, or 6%, to 41.25, with a high of 42.35, on 647,552 shares traded. I’m thinking it will run up to 45.12, and then 51 next week.

Slack Technologies, Inc. (WORK) jumped 2.60, or 10%, to 28.48, reaching a high of 29.97, on 26 million shares traded and another 16 cents to 28.65 in after-hours on Thursday. This is probably the best stock on the board. It has gone full circle from 15 to 30 and right back up to the highs. It’s been up five of the last six days and on Thursday it extended to retest the highs. If it should get through 30 1/2, this could be a 34-35-dollar stock. But be careful because there’s support in the 24-25 zone, so it might pullback and retest.

Charts included S&P 500, NDX-X, iShares Russell 2000 ETF (IWM), DJ-20, VIX-X, T2106.

Stocks on the long side included The Boeing Company (BA), BioSig Technologies, Inc. (BSGM), Carnival Corporation (CCL), Canopy Growth Corporation (CGC), Clovis Oncology, Inc. (CLVS), Co-Diagnostics, Inc. (CODX), Coty Inc. (COTY), Cronos Group Inc. (CRON), Delta Air Lines, Inc. (DAL), DXC Technology Company (DXC), Fulgent Genetics, Inc. (FLGT), Gilead Sciences, Inc. (GILD), Gol Linhas Aereas Inteligentes S.A. (GOL), Granite Point Mortgage Trust Inc. (GPMT), Grifols, S.A. (GRFS), HUYA Inc. (HUYA), Invesco Mortgage Capital Inc. (IVR), Invitae Corporation (NVTA), Occidental Petroleum Corporation (OXY), Dave & Buster's Entertainment, Inc. (PLAY), PennyMac Mortgage Investment Trust (PMT), Penn Virginia Corporation (PVAC), Shoe Carnival, Inc. (SCVL), Schrodinger, Inc. (SDGR), Teladoc Health, Inc. (TDOC), Triumph Group, Inc. (TGI), Tilray, Inc. (TLRY), TPG RE Finance Trust, Inc. (TRTX), Valero Energy Corporation (VLO), Slack Technologies, Inc. (WORK), XPO Logistics, Inc. (XPO), Yiren Digital Ltd. (YRD), and ZOOM Technologies, Inc. (ZOOM).




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