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BYND, MARA, OSTK, RIOT — Stock Charts to Watch

Charts of the Day video for Wednesday June 26th, 2019

BYND, MARA, OSTK, RIOT

Beyond Meat, Inc. (BYND) has a nice, orderly, declining channel and it popped out on Wednesday with a breakaway gap, gaining 9.88, or 7%, to 160.48, on 6.4 million shares. That’s not a lot of volume for this stock. Resistance it at 175, and then 200, which are the targets.

Marathon Patent Group, Inc. (MARA) popped three days in a row, and the third day it took out resistance. On Wednesday, it was up 78 cents, or 29%, to 3.45, on 2.4 million shares, which is good volume for this stock. It looks like it’s headed to resistance at 4.00. That’s the highest price in 10-11 months. A nice base has developed which could take this to a much longer move to 6, and then 8, which are the targets going forward.

Overstock.com, Inc. (OSTK) exploded on big volume on Wednesday, jumping 2.74, or 25 1/2%, to 13.50, on 14 million shares. This is the biggest volume we’ve seem in this stock, maybe ever. This move takes it out above resistance. It was a solid 3-point run. I’m looking for a follow-through to 14, and then 17-18. Those are the targets going forward.

Riot Blockchain, Inc. (RIOT) exploded for four days in a row, and on Wednesday, it was up 49 cents, or 15%, to 3.79, on 10 million shares. That was a decent close, but not great. I have the targets at 5.00 and 6.00.

Stocks on the long side included AquaBounty Technologies, Inc. (AQB), Beyond Meat, Inc. (BYND), California Resources Corporation (CRC), Cronos Group Inc. (CRON), Corindus Vascular Robotics, Inc. (CVRS), the Direxion Daily Gold Miners Bear 3X ETF (DUST), Bitcoin Investment Trust (GBTC), Harrow Health, Inc. (HROW), HUYA Inc. (HUYA), the Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST), Kratos Defense & Security Solutions, Inc. (KTOS), Marathon Patent Group, Inc. (MARA), McDermott International, Inc. (MDR), Owens Corning (OC), Overstock.com, Inc. (OSTK), Pieris Pharmaceuticals, Inc. (PIRS), Riot Blockchain, Inc. (RIOT), Tilray, Inc. (TLRY), and Workhorse Group Inc. (WKHS).




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