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COLL, GEMP, OCUL, TNDM — Stock Charts to Watch

Charts of the Day video for Tuesday June 12th, 2018


Collegium Pharmaceutical, Inc. (COLL), after the consolidation of several months, following the big 5-wave move up, is now ready for another wave up to the high 30’s. On Tuesday, it popped 1.78, or 7%, to 26.74, on 827,331 shares traded. Volume is increasing. I think it’s ready to break out. We will see if it can get above 27.90 on Wednesday, and then take out 30. If that happens, this stock is on its way.

Gemphire Therapeutics Inc. (GEMP) reversed off the pullback low off of the trendline on Tuesday and popped 70 cents, or 11%, to 7.22, on 147,198 shares traded. It’s a thinly traded stock, but if it takes our 7 1/2, it could rocket to 8 1/2, and then 11.00.

Swing trade Ocular Therapeutix, Inc. (OCUL) broke out of a base on Tuesday, jumping 46 cents, or 6.34%, to 7.71, on 719,977 shares traded. I’m really liking the way it’s setting up. There’s an inverse head-and-shoulders type base with a huge channel forming. I’m pretty convinced that if this stock gets some volume, it will make a run at 9-9 1/4, and then 11 1/2-12.

Tandem Diabetes Care, Inc. (TNDM) is amazing, having gone from 2.00 to almost 18, 9-fold that quickly. It’s oversold, it’s overbought, it’s overextended. On Tuesday, it ran 1.37, or 8.39%, to 17.70, on 2.1 million shares. I would not be shocked to see it head to low-to-mid 20’s, and even as high as 30 eventually.

Stocks on the long side included Collegium Pharmaceutical, Inc. (COLL), Cardiome Pharma Corp. (CORV), Ceragon Networks Ltd. (CRNT), Carvana Co. (CVNA), CohBar, Inc. (CWBR), 3D Systems Corporation (DDD), Eloxx Pharmaceuticals, Inc. (ELOX), Fitbit, Inc. (FIT), Gemphire Therapeutics Inc. (GEMP), Galmed Pharmaceuticals Ltd. (GLMD), GoPro, Inc. (GPRO), Iridium Communications Inc. (IRDM), KMG Chemicals, Inc. (KMG), Kopin Corporation (KOPN), Lands' End, Inc. (LE), NRG Energy, Inc. (NRG), Nutanix, Inc. (NTNX), Ocular Therapeutix, Inc. (OCUL), Rent-A-Center, Inc. (RCII), Sunrun Inc. (RUN), Skyline Champion Corporation (SKY), Teladoc, Inc. (TDOC), Teva Pharmaceutical Industries Limited (TEVA), Tandem Diabetes Care, Inc. (TNDM), Twilio Inc. (TWLO), an Twitter, Inc. (TWTR).

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