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CRC, HYRE, LTRX, PRTO, STNE, SVMK — Stock Charts to Watch

Charts of the Day video for Tuesday March 26th, 2019

CRC, HYRE, LTRX, PRTO, STNE, SVMK

California Resources Corporation (CRC) popped after a 2-day pullback with a gap. It could get a lot with an extension, but it popped 1.32, or 5.39%, to 25.81, on 1.5 million shares on Tuesday. It sure looks to me like, at this point, there’s room for this stock to make more upside. Resistance right now is 27.85, and my target is in the 32 range.

HyreCar Inc. (HYRE), also in the group with DCAR and LYFT, wedged, broke out on Tuesday, ran up 75 cents, or 11.31%, to 7.38, on 2.2 million shares, reaching up as high as 7.84 on Tuesday. It looks like it has more to go, potentially. I have a potential target, I think, around the 9 1/2-10 zone.

Lantronix, Inc. (LTRX) popped out of a very long, multi-month falling wedge through lateral resistance, completing a bobbing-type pattern on Tuesday, popping 69 cents, or 26.85%, to 3.26, on 842,306 shares traded. Now it needs to test the January high around 3.67. There is also resistance above that at the 4.00 zone. So, the 3.65-4.00 zone is resistance. If it gets through that, you may very well see this stock go to 4 1/2. That’s my near-term target.

Proteon Therapeutics, Inc. (PRTO) came out of a long base, I put a swing on it, it broke out, pulled back in a falling wedge, and on Tuesday, it popped back out again, gaining 33 cents, or 9.68%, to 3.74, on 249,101 shares traded. This stock may accelerate. I’m looking for 4 3/4.

StoneCo Ltd. (STNE), one of my swing trades, is doing great. I love the way it looks. For me, it’s broken out, running up, and has a wedge that it barely broke through on Tuesday, jumping 3.12, or 7.72%, to 43.56, on 4.3 million shares. This wedge should take it to 50.

SVMK Inc. (SVMK) broke out of a base and set up a coil and exploded out of the coil on Tuesday for 1.58, or 10%, to 16.82, on a solid 3.4 million shares. Now, I’m looking for it to run to 18 1/2, and then 20.

Stocks on the long side included California Resources Corporation (CRC), DropCar, Inc. (DCAR), Farfetch Limited (FTCH), HEXO Corp. (HEXO), HyreCar Inc. (HYRE), Lantronix, Inc. (LTRX), PhaseBio Pharmaceuticals, Inc. (PHAS), Proteon Therapeutics, Inc. (PRTO), SPI Energy Co., Ltd. (SPI), StoneCo Ltd. (STNE), SVMK Inc. (SVMK), Tellurian Inc. (TELL), Upland Software, Inc. (UPLD), SolarWindow Technologies, Inc. (WNDW), and Zscaler, Inc. (ZS).




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