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CGC, PYX, AXGN, IIN — Stock Charts to Watch

Charts of the Day video for Monday October 8th, 2018


Canopy Growth Corporation (CGC) is one of the big boys in marijuana stocks. On Monday, it was up 2.92, or 6%, on 50.41, on 8.2 million shares. Coming out of a wedge, it could go right to 70.

Pyxus International, Inc. (PYX) exploded 10.34, or 37%, to 38.52, on 11 million shares on Monday. That swing trade was right on it and broke out, causing a double top. It may very well go to 50 very quickly.

Stocks on the Short Side….

AxoGen, Inc. (AXGN), which I put a swing on Monday, is in a bear flag, and broke down another 1.59, or 4%, to 34.91, on 721,246 shares traded. All we need now is a confirmation for 33 3/4, and it will start to fall away to 29 and then 25.

IntriCon Corporation (IIN), a new swing short, had a little bit of a head fake on Monday. They popped it up to 56.47 and then reversed and dropped 1.14, or 2%, to 52.02, on 333,433 shares traded. But this could fall apart and take out the recent lows at 50, and then 46 and 38.

Stocks on the long side included Aurora Cannabis Inc. (ACBFF), Canopy Growth Corporation (CGC), HEXO Corp. (HYYDF), Pyxus International, Inc. (PYX), Turning Point Brands, Inc. (TPB), India Globalization Capital, Inc. (IGC), Amyris, Inc. (AMRS), Azul S.A. (AZUL), GOL Linhas Aéreas Inteligentes S.A. (GOL), Finjan Holdings, Inc. (FNJN), and General Electric Company (GE).

On the short side, stocks included American Eagle Outfitters, Inc. (AEO), argenx SE (ARGX), Autohome Inc. (ATHM), AxoGen, Inc. (AXGN), Barrett Business Services, Inc. (BBSI), Copart, Inc. (CPRT), CRISPR Therapeutics AG (CRSP), Cutera, Inc. (CUTR), Daqo New Energy Corp. (DQ), Editas Medicine, Inc. (EDIT), IntriCon Corporation (IIN), Nutanix, Inc. (NTNX), Polaris Industries Inc. (PII), and Red Hat, Inc. (RHT).

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