Charts of the Day

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CRNT, PRQR, EDIT, TREE — Stock Charts to Watch

Charts of the Day video for Monday October 22nd, 2018

CRNT, PRQR, EDIT, TREE

Ceragon Networks Ltd. (CRNT) popped back up, I put a swing on it about 20 below this, and now it is moving. On Monday, it moved 30 cents, or 9%, to 3.74, on 909,258 shares traded. If it can get above this range, I am looking for 4.15-4.20. Ultimately, my swing targets are going to be in 5 1/2, and then the 7 range.

ProQR Therapeutics N.V. (PRQR) popped the last few days, moving up five days in a row. On Monday it gained 54 cents, or 2.8%, to 19.79, on 578,077 shares traded. It popped mid-week last week, followed through Thursday and Friday, ran up again on Monday, and then backed off. Nevertheless, I’m looking to see what this stock does going forward. Resistance is at 21.40, there’s a double-top, and then 22.85. If it gets through that zone, I’m looking at 27 1/2. That’s my target going forward.

Stocks on the Short Side....

Editas Medicine, Inc. (EDIT) broke down, snapped back, and is rolling back down again. It dropped another 68 cents, or 2.5%, to 26.81, on 491,859 shares traded on Monday. If it takes out 26.81, then 23.00 and 20.00 are targets.

LendingTree, Inc. (TREE), which I gave you in the 330 range, has made it down to 196, and bounced before rolling over. It lost 2.96, or 1.4%, to 203.79, on 257,277 shares traded on Monday. I don’t think it’s done yet. Targets are 170.00 and 154.00.

Stocks on the long side included Ceragon Networks Ltd. (CRNT), FireEye, Inc. (FEYE), Funko, Inc. (FNKO), ENDRA Life Sciences Inc. (NDRA), ProQR Therapeutics N.V. (PRQR), Superior Drilling Products, Inc. (SDPI), VelocityShares Daily 2x VIX ST ETN (TVIX), ProShares Ultra VIX Short-Term Futures (UVXY), and vTv Therapeutics Inc. (VTVT).

On the short side, stocks included AxoGen, Inc. (AXGN), The Chemours Company (CC), Cutera, Inc. (CUTR), Daqo New Energy Corp. (DQ), Editas Medicine, Inc. (EDIT), Installed Building Products, Inc. (IBP), International Paper Company (IP), Lennar Corporation (LEN), Nevro Corp. (NVRO), Olin Corporation (OLN), Scientific Games Corporation (SGMS), The Scotts Miracle-Gro Company (SMG), Terex Corporation (TEX), LendingTree, Inc. (TREE), Ultra Clean Holdings, Inc. (UCTT), U.S. Concrete, Inc. (USCR), and Wynn Resorts, Limited (WYNN).




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