Charts of the Day

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CONN, MZOR, CPLA, PLAY — Stock Charts to Watch

Charts of the Day video for Wednesday October 25th, 2017

CONN, MZOR, CPLA, PLAY

Conns Inc. (CONN), which I gave you back in May, was up 1.25, or 4%, to 32.55, on 1 million shares traded on Wednesday, with a high of 32.90, and has been moving up steadily. You can see the new channel I’ve drawn on the chart. I think it’s headed to 35, 36, and then 40. It has almost 10 days to cover on this one.

Mazor Robotics Ltd. (MZOR) is doing well and back up again. On Wednesday, it popped 1.24, or 2.31%, to 54.99, on 808,226 shares traded, reaching a high of 56.27. In afterhours it’s up another 1.20. It looks to me like it’s not done yet. I see a test of 59, and then the mid 60’s may be had. Eventually, I see the possibility for this stock to be in the high 60’s, even 70.

Stocks on the Short Side….

Capella Education Company (CPLA) continuous to look ugly, and no matter what it does, it still remains in the down-channel and continues to rollover. On Wednesday, it was down another 1.25, or 1.85%, to 66.15, on 97,394 shares traded, reaching a low of 66.05. Based on the whole chart, going from 45 down to 23, it looks like the next target is 20.

Dave & Buster's Entertainment, Inc. (PLAY), which I gave you a swing short on, was down 89 cents, or 1.83%, to 47.74, on 742,371 shares traded, with a low of 47.49 on Wednesday. It rolled down. It’s at the trendline. It doesn’t look good, and to me, it looks like even lower is coming. This looks like a 40-dollar stock.

On the long side, stocks included Conns Inc. (CONN), DryShips, Inc. (DRYS), GRUBHUB INC. (GRUB), Kraton Corporation (KRA), LINE Corporation (LN), LightPath Technologies, Inc. (LPTH), Mazor Robotics Ltd. (MZOR), Overstock.com, Inc. (OSTK), Quotient Limited (QTNT), Viking Therapeutics, Inc. (VKTX), ViewRay, Inc. (VRAY), and Xunlei Limited (XNET).

Short stocks included Applied Optoelectronics, Inc. (AAOI), Advance Auto Parts Inc. (AAP), Cardtronics plc (CATM), Capella Education Company (CPLA), Dick's Sporting Goods, Inc. (DKS), MakeMyTrip Limited (MMYT), MACOM Technology Solutions Holdings, Inc. (MTSI), PCM, Inc. (PCMI), Dave & Buster's Entertainment, Inc. (PLAY, Tanger Factory Outlet Centers, Inc. (SKT), Taubman Centers, Inc. (TCO), and TrueCar, Inc. (TRUE).




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