Charts of the Day

Harry's Charts of the Day videos are available to members on Monday-Thursday evenings, with one video per week available to non-members. Members please login and see Charts of the Day in the "Videos" menu dropdown.

CHRS, EXAS, IMMU, SQ — Stock Charts to Watch

Charts of the Day video for Tuesday August 28th, 2018

CHRS, EXAS, IMMU, SQ

Coherus BioSciences, Inc. (CHRS) broke out of a month-long ascending coil, and popped 1.40, or 7.4%, to 20.25, on 657,558 shares traded on Tuesday. That’s the biggest volume in about a month. It looks to me like it’s headed to 23, 25, and maybe as high as 27, if the channel holds.

Exact Sciences Corporation (EXAS) had game-changing news last week and continued its momentum. On Tuesday it was up 2.93, or 4%, to 75.09, on 3.2 million shares. It could see 80 short-term.

Immunomedics, Inc. (IMMU) exploded out of a fallen wedge, came down to the parallel channel bottom, and on Tuesday it blew through the 50, jumping 1.65, or 7%, to 25.22, on 2.8 million shares. I’m looking for a quick test of 25 1/2, and 27 1/4. If it gets through that, you may see it head into the low to mid 30’s.

Square, Inc. (SQ) just keeps going up very day. It gained another 2.55, or 3.26%, to 80.80, reaching a new all-time high at 81.41, on 11.5 million shares on Tuesday. My targets were 85-6, and then 98-100. I’ll stick with those.

Stocks on the long side included Affimed N.V. (AFMD), Bilibili Inc. (BILI), Brooks Automation, Inc. (BRKS), Coherus BioSciences, Inc. (CHRS), Conn's, Inc. (CONN), Cytosorbents Corporation (CTSO), DSW Inc. (DSW), Exact Sciences Corporation (EXAS), Geron Corporation (GERN), HTG Molecular Diagnostics, Inc. (HTGM), Ichor Holdings, Ltd. (ICHR), Immunomedics, Inc. (IMMU), Kornit Digital Ltd. (KRNT), Pixelworks, Inc. (PXLW), Square, Inc. (SQ), and Unisys Corporation (UIS).




©2001-2018 TheTechnicalTrader (www.thetechtrader.com), a publication of AdviceTrade, Inc. All rights reserved.