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CATS, EOLS, QCOM, RIOT, TLRA, ZYNE — Stock Charts to Watch

Charts of the Day video for Tuesday April 23rd, 2019

Two weeks ago Catasys, Inc. (CATS), an AI and technology-enabled healthcare company, appointed a new company leader and on Tuesday it announced an agreement with Optima Health, popping 87 cents, or 6.72%, to 13.82, on 108,137 shares traded. The volume was light, but it may be emerging, so keep an eye on this one. If it moves above 15, the targets are 18 and 22.

Evolus, Inc. (EOLS) is one of my favorite patterns with a V-bottom and right-handed extension. The declining topsline is also in play here. On Tuesday, it was up 1.56, or 6.4%, to 25.94, on a light 520,969 shares traded. If it should get a quick move above 27, it may accelerate. I’m looking for 33 and 38 as targets going forward.

QUALCOMM Incorporated (QCOM), which we put a swing on when it exploded on the settlement with Apple Inc., looks like it has moved up steadily since then, jumping 4.75, or 5.79%, to 86.72, on a solid 55 million shares on Tuesday. I think this stock is going to make it up to the low 100’s.

Riot Blockchain, Inc. (RIOT) had another follow-through day, three days in a row, up out of a pennant. It was up 50 cents, or 9.06%, to 6.02, on 3.2 million shares. I’m looking for a move that gets to about 6 3/4, and then 8 3/4.

Telaria, Inc. (TLRA), one of old swings, had a big pop in March when it popped and pulled back, and then moved up nicely from 5.00 to 7.25, with a high of 7.29, which is the breakout and the highest high in a long time, going all the way back to 2013. That’s a six-year high. Up 23 cents on Tuesday, or 3.33%, to 7.14, on 939,437 shares traded, I think it can now extend toward 9.00.

Zynerba Pharmaceuticals, Inc. (ZYNE) has been in a nice stair-step up since January. It broke out of a coil on Monday, and on Tuesday, it followed through, popping 40 cents, or 4.21%, to 9.90, on 2.8 million shares. Going forward I am looking for 12 1/2.

Stocks on the long side included Atossa Genetics Inc. (ATOS), AudioCodes Ltd. (AUDC), Catasys, Inc. (CATS), CEL-SCI Corporation (CVM), Eidos Therapeutics, Inc. (EIDX), Evolus, Inc. (EOLS), Bitcoin Investment Trust (GBTC), Iridium Communications Inc. (IRDM), Kohl's Corporation (KSS), MediciNova, Inc. (MNOV), MagnaChip Semiconductor Corporation (MX), QUALCOMM Incorporated (QCOM), Riot Blockchain, Inc. (RIOT), Soliton, Inc. (SOLY), Savara Inc. (SVRA), Telaria, Inc. (TLRA), Twitter, Inc. (TWTR), Upland Software, Inc. (UPLD), and Zynerba Pharmaceuticals, Inc. (ZYNE).

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