Charts of the Day

Harry's Charts of the Day videos are available to members on Monday-Thursday evenings, with one video per week available to non-members. Members please login and see Charts of the Day in the "Videos" menu dropdown.

CWEI, GIMO, HDSN, SWFT — Stock Charts to WatchRSS

Charts of the Day video for Mon November 7th 2016

CWEI, GIMO, HDSN, SWFT

There was a rally on Wall Street on Monday. Apparently, they think Hillary is going to win. I hope she does, at this point, because the market won’t like it if she doesn’t.

Clayton Williams Energy, Inc. (CWEI) monster keeps growling. On Monday, it was up 3.40, or 3.4%, to 104.34 on 406,878 shares traded. It reached a high 106.80, which is a long way from where we first gave it to you at 19.00, about six months ago. What a phenomenal move, about 4-500%, and it keeps on going. Targets are 113, and then 122.

Gigamon Inc. (GIMO) has a powerful pattern, folks. It has been one of our favorite stocks for several weeks. Ever since it broke out in June, it has gone up about 23 points. Although it was a little choppy recently, and had gotten down to the 45 area, it seems to be holding the trend channel now. It broke out of a little flag on Monday, and ran up 3.80, or 7%, to 57.85, on 1.2 million shares traded. I’m looking for this stock to make it up to about 65 short-term.

Hudson Technologies Inc. (HDSN) had a really-nice snapback on Monday, up 54 cents, or 8.6%, to 6.82, on 1.2 million shares traded. From the recent pullback, it popped, had an inside day, and popped again on Monday. All it has to do now is get through Monday’s high in the 6.95-7.00 range. If it gets through 7.00, I’m looking for 7 3/4, 9, and 9 1/2.

Swift Transportation Company (SWFT) is moving up swiftly, up 1.08, or 5%, to 23.86, on 2.6 million shares traded. It broke out of a flag on Monday, and I think it has a really-good shot at testing the 24 3/4-25 zone. If it can punch through resistance and run, I think it could get to 28. It has a great rising angle of ascent, 11 days to cover, good OBV, and good technicals.

Stocks on the long side included Applied Optoelectronics, Inc. (AAOI), Autodesk, Inc. (ADSK), Aerie Pharmaceuticals, Inc. (AERI), Alarm.Com Holdings, Inc. (ALRM), Applied Materials, Inc. (AMAT), VanEck Vectors Semiconductor ETF (SMH), Amkor Technology, Inc. (AMKR), Air Transport Services Group, Inc. (ATSG), General Cannabis Corp. (CANN), Cara Therapeutics Inc. (CARA), Cannabis Sativa, Inc. (CBDS), The Chemours Company (CC), Clayton Williams Energy, Inc. (CWEI), FireEye, Inc. (FEYE), Finisar Corp. (FNSR), Gigamon Inc. (GIMO), Hudson Technologies Inc. (HDSN), Direxion Daily S&P Biotech Bull 3X ETF (LABU), LeMaitre Vascular, Inc. (LMAT), LifeLock, Inc. (LOCK), Momo Inc. (MOMO), NVIDIA Corporation (NVDA), Oclaro, Inc. (OCLR), Seattle Genetics, Inc. (SGEN), Swift Transportation Company (SWFT), Tesaro, Inc. (TSRO), Vuzix Corporation (VUZI), XPO Logistics, Inc. (XPO), Yirendai Ltd. (YRD), and Zynerba Pharmaceuticals, Inc. (ZYNE).




©2001-2017 TheTechnicalTrader (www.thetechtrader.com), a publication of AdviceTrade, Inc. All rights reserved.