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CVRS, GBTC, GOLD, HROW, KL, NERV — Stock Charts to Watch

Charts of the Day video for Monday June 24th, 2019

CVRS, GBTC, GOLD, HROW, KL, NERV

Corindus Vascular Robotics, Inc. (CVRS) is ramping up. It had a breakout of the consolidation zone on Monday, and ran up 8 cents, or 2.56%, to 3.21, on 3.9 million shares traded. The next target has to be 4 3/4-5 going forward.

Bitcoin is doing very well, and the Bitcoin Investment Trust (GBTC) ramped up one point to 50-57 and pulled back about a dollar. Still, it was up 1.09, or 8%, to 14.64, on 12 million shares traded. I’m not surprised it pulled back, considering it’s near the top of the long-term channel, going back to Feb. It made a 5-wave advance. Be carful with this one. It may be due for a pullback.

Barrick Gold Corporation (GOLD) formed a massive inverse head-and-shoulders, and made a break of the major topsline and lateral price resistance. The breakaway gap, jumping 64 cents, or 4.10%, to 16.24, on 27 million shares, blows it our across that pattern. I’m looking for 18, but it may back and fill first. If it gets through that, it might be a buying opportunity for a swing trade.

Harrow Health, Inc. (HROW), one of my top picks of the year, is in a rising channel that looks awesome. It just came through a double top at this zone, and popped 62 cents, or 8.92%, to 7.57. on 1.1 million shares. I think this stock could ramp up to 8 3/4, 10, and maybe even 12 down the road.

Kirkland Lake Gold Ltd. (KL), one of my favorite, all-time stocks, that has gone from 5.00 to 43.00 in two and a half years and is still going. On Monday, it was up another 1.51, or 3.64%, to 42.99, on 2.3 million shares traded. I’m looking for mid 40’s, and then 50’s.

Minerva Neurosciences, Inc. (NERV) is yet another biotech with an explosive move and ran way up to resistance on positive drug news on Monday, jumping 1.70, or 40%, to 5.93, on 28 million shares, with a high of 8.32, and then pulled way back. Watch to see what the session low brings. 5.60 is support, and if it holds that zone, it could see a ramp up of 6 3/4 and 7 1/2.

Stocks on the long side included Agnico Eagle Mines Limited (AEM), First Majestic Silver Corp. (AG), AngloGold Ashanti Limited (AU), Barrick Gold Corporation (GOLD), the Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), the Direxion Daily Gold Miners Bull 3X ETF (NUGT), Kirkland Lake Gold Ltd. (KL), CEL-SCI Corporation (CVM), Corindus Vascular Robotics, Inc. (CVRS), Bitcoin Investment Trust (GBTC), Riot Blockchain, Inc. (RIOT), Harrow Health, Inc. (HROW), Hydrogenics Corporation (HYGS), Krystal Biotech, Inc. (KRYS), Melinta Therapeutics, Inc. (MLNT), Minerva Neurosciences, Inc. (NERV), Pieris Pharmaceuticals, Inc. (PIRS), Predictive Technology Group, Inc. (PRED), Predictive Technology Group, Inc. (PRED), Qudian Inc. (QD), Riot Blockchain, Inc. (RIOT), Sea Limited (SE), and Zynex, Inc. (ZYXI).




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