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CRNT, HEAR, PRQR, PYX — Stock Charts to Watch

Charts of the Day video for Wednesday October 17th, 2018


Ceragon Networks Ltd. (CRNT), which I’m really liking, I almost put a swing on Wednesday and decided to wait. That was a mistake. It moved 34 cents, or 10%, to 3.72, on 1.5 million shares on Wednesday. I was looking at it at about the 3.52 range, and it went to 3.72. My immediate target would be at the double-top in the 4.09-4.15 zone. If it gets through that, you’re looking at 5 1/4-1/2, maybe more.

Turtle Beach Corporation (HEAR) is coming back after a 5-wave decline, a retest, and a pop of 1.66, or 8%, to 22.50, on 2.4 million shares. It was reversal day on Tuesday for this stock. It followed through, popped, and closed right on the 50. Any follow-through here will probably take it to the 25 1/2 area. If it gets through that 29 3/4-30 is my target.

ProQR Therapeutics N.V. (PRQR) may have woken up. This is a swing trade that is very quiet. The technicals and OBV held up well. What I like about this one is that it held for a week at the 17 range, the low being 16.85. On Wednesday, it perked up, popping 49 cents, or 3%, to 18.49, on 410,411 shares traded. It may not have enough volume, but I’m going to keep my eye on it because, if it does get above 19.14, I think it’s going to ramp to 23, and then 27. Those are my targets on this one.

Pyxus International, Inc. (PYX), a marijuana stock, had a nice reversal day on Wednesday, coming off the 32.25 range, and jumping 1.48, or 4%, to 37.18, on 3.9 million shares. I like it. I’m watching falling wedges of sort. If this base, breakout, and pullback results in another leg up at this angle, it could go way up there, although, for now, I am looking for a retest of 47, and then 52. Those are my near-term targets.

Stocks on the long side included Amarin Corporation plc (AMRN), Aphria Inc. (APHQF), Axsome Therapeutics, Inc. (AXSM), CareDx, Inc (CDNA), Corbus Pharmaceuticals Holdings, Inc. (CRBP), Cree, Inc. (CREE), Ceragon Networks Ltd. (CRNT), iShares MSCI Brazil ETF USD Acc (CSBR), Turtle Beach Corporation (HEAR), Intelsat S.A. (I), Immunomedics, Inc. (IMMU), ProQR Therapeutics N.V. (PRQR), Pyxus International, Inc. (PYX), and QuinStreet, Inc. (QNST).

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