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CSBR, LLY, MBEV, PRTK — Stock Charts to Watch

Charts of the Day video for Thursday October 4th, 2018


The iShares MSCI Bazil ETF USD Acc (CSBR), a biotech stocks in the face of a poor biotech day and market day, was snapping back again after a couple days of pullbacks. On Thursday it ran up 1.47, or 11%%, to 15.27, on nearly half million shares. This stock is moving higher. Targets are 20 and 24 1/2.

Eli Lilly and Company (LLY) had a big day on Thursday in the face of an ugly market, jumping 4.37, or 4.02, to 112.99, on 11 million shares. It was a clean breakout. For three years it had an inverse head-and-shoulder’s, and then a breakout. It has a lot of room to run. Target is 145-150.

New Age Beverages Corporation (NBEV) was the only marijuana stock to have a good day on Thursday, gaining 44 cents, or 5.43%, to 8.55, on 66 million shares. Very impressive, relative-strength action for this stock. Very good volume. It’s right at resistance. Should it get through 10.00, this stock will rocket to 13-14, if momentum is strong enough.

Paratek Pharmaceuticals, Inc. (PRTK) also had a big day on Thursday. It popped all the way up to 12.00, and closed at 11.33, up 1.29, or 13%, on 5.3 million shares. It hasn’t really broken out of the base. But when it did break out of the long, declining topline and wedge, it stabilized at 9.00, and then exploded. Watch this one on Friday. If it gets through 12.00, we could see 14 1/2-15.

Stocks on the long side included Amarin Corporation plc (AMRN), Cameco Corporation (CCJ), iShares MSCI Brazil ETF USD Acc (CSBR), HEXO Corp. (HYYDF), Direxion Daily S&P Biotech Bear 3X ETF (LABD), Eli Lilly and Company (LLY), The Meet Group, Inc. (MEET), Mercer International Inc. (MERC), New Age Beverages Corporation (NBEV), Paratek Pharmaceuticals, Inc. (PRTK), ProShares UltraPro Short QQQ (SQQQ), VelocityShares Daily 2x VIX ST ETN (TVIX), Energy Fuels Inc. (UUUU), and ProShares Ultra VIX Short-Term Futures (UVXY).

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