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CGC, DAR, FEYE, GHDX — Stock Charts to Watch

Charts of the Day video for Wednesday November 7th, 2018


Canopy Growth Corporation (CGC) has been up for seven days in a row, and strongly so, taking it from a low of 31.82 to Wednesday’s high of over 46.00, up 3.48, or 8%, to 46.07, on 26 million shares. Resistance seems to be about 47.75-.85 and the moving average is at 47.83. Let’s see if it gets a follow-through. If it does, I think it should or could take it somewhere up near the mid-50’s.

Swing trade Darling Ingredients Inc. (DAR), which popped and immediately pulled back, had a monster reversal day, literally going from 19 3/4 to over 22, and closed on Wednesday, up 95 cents, or 4.6%, to 21.62, on 2.8 million shares. I love that close. The long-term channel tells you it’s headed to 23-4 zone, and then maybe 26.

FireEye, Inc. (FEYE) is doing very well. Wednesday it broke out of a multi-year high, up 1.10, or 5%, to 19.87, on 17 million shares. It’s at its highest level since 2015. After the breakout the other day, and then a pullback, targets going forward are 22-22 1/2 short-term, and secondary is about 24.

Genomic Health, Inc. (GHDX) made a huge move on Wednesday in a big breakaway thrust of 19.39, or 27%, to 90.18, on a million shares, which is big volume for that stock. I’m not sure how much more it can go, but I’m looking for something at 100-105.

Stocks on the long side included Alteryx, Inc. (AYX), Bovie Medical Corporation (BVX), iShares MSCI Brazil ETF USD (CSBR), Daring Ingredients Inc. (DAR), Enphase Energy, Inc. (ENPH), Etsy, Inc. (ETSY), FireEye, Inc. (FEYE), Five9, Inc. (FIVN), Genomic Health, Inc. (GHDX), Glu Mobile Inc. (GLUU), Horizon Pharma Public Limited Company (HZNP), Idera Pharmaceuticals, Inc. (IDRA), Direxion Daily S&P Biotech Bull 3X ETF (LABU), MongoDB, Inc. (MDB), New Age Beverages Corporation (NBEV), Office Depot, Inc. (ODP), Planet Fitness, Inc. (PLNT), RiceBran Technologies (RIBT), SendGrid, Inc. (SEND), Twilio Inc. (TWLO), and STAAR Surgical Company (STAA).

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