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CWEI, EBIO, GIMO, PGNX — Stock Charts to WatchRSS

Charts of the Day video for Monday August 15th, 2016

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It was a pretty good day on Wall Street on Monday. The markets ran early, consolidated midday, and backed off, but gave back just a little bit of it. The stocks we follow, particular new, recent issues, really had a big day. We’ll just have to take a look at the charts and get a clear picture of them.

Clayton Williams Energy, Inc. (CWEI), a swing trade of ours, officially made it's 200% since our recommendation. It was under 20 back in May, and reached 60 at one point. It had a 60.18 high on Monday, up 3.62 to 59.42, or 6.5%, on 528,013, with 5.9 days to cover. This stock may still get to the 69-70 range at the top of the channel, but it is extended, so be careful.

Eleven Biotherapeutics, Inc. (EBIO), one of our swing trades, extended nicely, reaching 5.77 before backing off on Monday, up 64 cents, or 13 1/2%, on 9.1 million shares. That was the biggest volume in two weeks. I like the way this is acting, and the 8-dollar target may be at hand, but it will take a real push, because this stock is only at the 5.35 range.

Gigamon Inc. (GIMO) has been great since the April time period when it quickly got to the first target and pulled back, then moved dramatically from 28 to Monday's high at 47, up 91 cents closing at 46.82, or 2%, on 665,386 share traded. It’s in a nice rising channel and I do think it has a shot of getting up toward the 52 range. There’s 4.27 days to cover.

Progenics Pharmaceuticals, Inc. (PGNX) is doing great. After the pop and flag, it broke out, had a little 3-day wedge, and on Monday, it popped again, up 23 cents to 6.91, or 3.4%, on 1.4 million shares. That’s the best volume in four days. I’m thinking this stock is headed up toward 8-8 1/2. It has 3.67 days to cover.

Stocks on the long side included Acacia Communications, Inc. (ACIA), Holdings, Inc. (ALRM), The Chemours Company (CC), Callon Petroleum Company (CPE), Clayton Williams Energy, Inc. (CWEI), Eleven Biotherapeutics, Inc. (EBIO), Exact Sciences Corporation (EXAS), Five9, Inc. (FIVN), Flotek Industries Inc. (FTK), Gigamon Inc. (GIMO), GoPro, Inc. (GPRO), Healthways, Inc. (HWAY), Micron Technology, Inc. (MU), Nektar Therapeutics (NKTR), Oclaro, Inc. (OCLR), Ocular Therapeutix, Inc. (OCUL), Progenics Pharmaceuticals, Inc. (PGNX), Resolute Energy Corporation (REN), U.S. Silica Holdings, Inc. (SLCA), Talend SA (TLND), Twilio, Inc. (TWLO), Twitter, Inc. (TWTR), VelocityShares 3x Long Crude Oil ETN (UWTI), Weibo Corporation (WB), and Yirendai Ltd. (YRD).

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