Charts of the Day

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CRBP, CRC, MARK, VKTX — Stock Charts to Watch

Charts of the Day video for Tuesday January 2nd, 2018

CRBP, CRC, MARK, VKTX

Corbus Pharmaceuticals Holdings, Inc. (CRBP), which I put a swing on Tuesday, because after a year and a half consolidation, it may be awakening. It popped from 7.10 to 8.00, pulled back just a little and closed up 85 cents, or 12%, to 7.95, on 2 million shares traded. It’s the best move since March/April. Now, if it gets above the 8 3/4 range, which is my near-term target, it could very well pop to my swing target at 10 1/4-1/2. Beyond that, we’re looking at 14, and higher.

California Resources Corporation (CRC), a swing trade in this oil stock, is doing great. It continues to move up, and on Tuesday, it was up another 55 cents, or 2.8%, to 19.99, on 1.5 million shares traded. Targets going forward are 23, and then in the 26-7 range.

Remark Holdings, Inc. (MARK) had a nice, little mini-reversal off the low of 9.21 on Tuesday, got up to 10 1/2, pulled back slightly and closed up 62 cents, or 6.37%, to 10.35, on 1.6 million shares traded. Volume picked up above Friday’s volume. It’s going to need it to get through 11, and then the 15-6 range.

Viking Therapeutics, Inc. (VKTX) formed a flag that I am convinced is extremely bullish. On Tuesday, this stock popped 42 cents, or 10%, to 4.48, on 1.6 million shares traded. That’s the best volume in three weeks. That tells me that if it accelerates, we’re going to see 5, 6, and 7 going forward.

On the long side, Aurora Cannabis Inc. (ACBFF), Array BioPharma Inc. (ARRY), Autohome Inc. (ATHM), BlackBerry Limited (BB), Audentes Therapeutics, Inc. (BOLD), General Cannabis Corp. (CANN), Century Aluminum Co. (CENX), Corbus Pharmaceuticals Holdings, Inc. (CRBP), California Resources Corporation (CRC), Editas Medicine Inc. (EDIT), Bitcoin Investment Trust (GBTC), INSYS Therapeutics, Inc. (INSY), Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Kirkland Lake Gold Ltd. (KL), Direxion Daily S&P Biotech Bull 3X ETF (LABU), Remark Holdings, Inc. (MARK), Canopy Growth Corporation (TWMJF), Neurocrine Biosciences, Inc. (NBIX), Viking Therapeutics, Inc. (VKTX), Westport Fuel Systems Inc. (WPRT), INTERSECT ENT, INC. (XENT), Xinyuan Real Estate Co., Ltd. (XIN), and Xunlei Limited (XNET).




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