Charts of the Day

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CATS, EDAP, EHTH, PGNX, SE, STNG — Stock Charts to Watch

Charts of the Day video for Thursday April 11th, 2019

CATS, EDAP, EHTH, PGNX, SE, STNG

It was a mixed session on Wall Street on Thursday, the S&P 500 pretty much unchanged. They brought them back from a definitive loss, technicals were weak, but it was not a bad day. I would have to say it was a good consolidation-pullback day. A lot of stocks we follow are still doing well. Here’s a few of them.

Catasys, Inc. (CATS), a swing trade of ours, has been consolidating, and on Thursday, it moved up 69 cents, or 5.32%, to 13.65, on a very light 119,701 shares traded. I need to get this stock to pop above 14 1/2-3/4 to get to targets at 18 and 23.

EDAP TMS S.A. (EDAP) was up 21 cents, or 4.12%, to 5.31, on 344,769 shares traded. This stock continues to mojo up the channel after a big breakaway gap on big volume. It looks like it wants to be a 6 1/2-2/4 stock, if not more go forward.

eHealth, Inc. (EHTH), one of our picks for the year, is absolutely stellar, popping out of a 4-day flag and popped another 2.66, or 3.95%, to 70.08, on 544,029 shares traded. It looks to me like it’s headed to the mid-70’s and high 80’s.

Progenics Pharmaceuticals, Inc. (PGNX) broke out of a base, pulled back, exploded on Thursday and ran up 43 cents, or 8.53%, to 5.47, on 2.3 million shares. That’s good volume for that stock. It looks to me like it’s finishing it’s basing and breaking out. It should quickly test 5 3/4, but I’m looking for 6 3/4 to test the gap.

Sea Limited (SE) is one of our swing trades. I’ve been waiting for this stock to develop and form a consolidation and breakout, which it did on Thursday, popping 89 cents or 3.95%, to 23.41, on 6.4 million shares. That’s the best volume in three weeks. I expected a retest of the 25-range short-term, and then my targets are 30 and 31.

Scorpio Tankers Inc. (STNG) broke out on Thursday and jumped 2.22, or 10.33%, to 23.72, on 2.2 million shares. I put a swing on it. I like the chart, and that’s good volume. It closed at the upper end of the range. Targeting 27 and 32.

Stocks on the long side included Airgain, Inc. (AIRG), Catasys, Inc. (CATS), Domo, Inc. (DOMO), EDAP TMS S.A. (EDAP), eHealth, Inc. (EHTH), Progenics Pharmaceuticals, Inc. (PGNX), Radiant Logistics, Inc. (RLGT), Sea Limited (SE), Syndax Pharmaceuticals, Inc. (SNDX), Soliton, Inc. (SOLY), Scorpio Tankers Inc. (STNG), UP Fintech Holding Limited (TIGR), YETI Holdings, Inc. (YETI), and YRC Worldwide Inc. (YRCW).




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