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CTRV, ENPH, PIRS, QD, TAL, ZYNE — Stock Charts to Watch

Charts of the Day video for Tuesday June 11th, 2019


ContraVir Pharmaceuticals, Inc. (CTRV) has a long declining channel, but in the last week there has been a huge change of events in terms of volume. CTRV had an explosive rally-pullback, then a pop-pullback, and then, finally, on Wednesday it had an explosive move again that took it up 2.50, or 36%, to 9.50, on a monster 2.7 million shares. It exploded to as high as 14.65, before settling back to 9.50. I am looking for this stock to get back above the 14.50 range. Anything above 15-15.50, and then we’re looking at a stock that could get to the low-to-mid 20’s. Keep an eye on this one.

Enphase Energy, Inc. (ENPH) is one of the best-looking semiconductor stocks in the last year. It moved from the Sept low of about 3-3 1/4 to over 17 on Tuesday, up 88 cents, or 5.44%, to 17.07, on over 4 million shares, with a high of 17.15. It looks to me like this stock can run. The long-term channel as seen on the chart, indicates the possibility that now that it’s through resistance, it could run into the high 20’s. This is also one to keep an eye on for a potential swing trade.

Pieris Pharmaceuticals, Inc. (PIRS) was just put out as a swing trade. I love the breakout, and the pullback-flag testing support. On Wednesday, it popped a little bit, up 10 cents, or 2.44%, to 4.19, on 533,683 shares traded, with a high of 4.22. The volume is picking up, and the technicals look good. I think that once it gets past the 4.70 range, you’re looking at 5 1/2 and 6 1/2 going forward.

Qudian Inc. (QD) is also a swing trade currently in play. On Wednesday, it was up 38 cents, or 5.18%, to 7.71, on 6.5 million shares, closing just a penny off the high. The end of April it ran up to as high as 8.80, and then pulled back to 6.00. Since then, it formed a big wedge, and on Wednesday it broke out. There’s resistance above 7.71 at about 7 3/4. If it can get through that, we should see 8 1/2, and then 10.00.

TAL Education Group (TAL), one of my old swings from back in Nov, was trading at 26-27 and made it up to 39, before it pulled back. If you take a look at the pattern over the last 4-5 months, you’ll see that it is at key-key support right now in the 32-33 zone. Recently, it tested that level and broke out, Wednesday’s action took it out to key resistance at about 37 1/2, jumping 1.33, or 3.73%, to 37.00, on 4 million shares, with a high of 37.46. The volume pick-up was the best in five days. I think the next target is a retest of the May high at 39 1/2. I also think this has the potential to be in the mid 40’s.

Zynerba Pharmaceuticals, Inc. (ZYNE) was a swing of ours back in April when it broke out above 6 1/2. It worked out well by reaching both targets at 9 and 12, and even going further by reaching 16.47 back a month ago. The pullback recently tested the 50-day moving average and trendline and you can even see the snapback on Wednesday It popped 1.92, or 17%, to 13.50, on 6.8 million shares, with a high of 14.00. It looks like a breakout to me. I’m looking for a retest of the highs at 14, and the 20’s, possibly mid 20’s on an intermediate basis.

Stocks on the long side included CorMedix, Inc. (CRMD), ContraVir Pharmaceuticals, Inc. (CTRV), Enphase Energy, Inc. (ENPH), Huami Corporation (HMI), Pieris Pharmaceuticals, Inc. (PIRS), Qudian Inc. (QD), Stitch Fix, Inc. (SFIX), TAL Education Group (TAL), Telaria, Inc. (TLRA), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP), and Zynerba Pharmaceuticals, Inc. (ZYNE).




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