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DAR, LCI, AXGN, ISRG — Stock Charts to Watch

Charts of the Day video for Monday November 19th, 2018


Darling Ingredients Inc. (DAR), one of our swing trades, popped and pulled back and ran up nicely on Monday. In a market like this, and to go up 1.41, or 7%, to 21.47, on 2.2 million shares on Monday, shows that this stock has outstanding relative strength. If it gets above 22, the targets going forward are 24 and 28.

Lannett Company, Inc. (LCI), another one of our swing trades, was up 22 cents, or 4%, to 6.19, on 4.3 million shares o Monday. It is up against the gap. If it gets through it, you’re looking at 7 1/2, 8 1/2, and eventually 12 as targets.

Stocks on the Short Side….

AxoGen, Inc. (AXGN) is rolling over hard. It broke the trendline, formed a rising wedge, a second wedge, a larger wedge, and then it rolled over hard, dropping 3.59, or 11%, to 28.37, on 812,621 shares traded on Monday. It’s now below everything and is likely headed for 24 1/2.

Intuitive Surgical, Inc. (ISRG) got slammed dunked for 35.87, or 7%, to 482.67, on 1.1 million shares on Monday. That’s bad news, folks. If you’re short, stay short. It looks like it may make a run at 450-455, and below that 430.

Stocks on the long side included Darling Ingredients Inc. (DAR), IDT Corporation (IDT), Lannett Company, Inc. (LCI), NIO Inc. (NIO), Origin Agritech Limited (SEED), Synchronoss Technologies, Inc. (SNCR), VelocityShares Daily 2x VIX ST ETN (TVIX), ProShares Ultra VIX Short-Term Futures (UVXY), Yulong Eco-Materials Limited (YECO), and YETI Holdings, Inc. (YETI).

On the short side, stocks included AxoGen, Inc. (AXGN), Copart, Inc. (CPRT), Daqo New Energy Corp. (DQ), Editas Medicine, Inc. (EDIT), Fortinet, Inc. (FTNT), GrubHub Inc. (GRUB), Guidewire Software, Inc. (GWRE), IntriCon Corporation (IIN), IRadimed Corporation (IRMD), Intuitive Surgical, Inc. (ISRG), Medifast, Inc. (MED), Nutanix, Inc. (NTNX), PTC Inc. (PTC), Qualys, Inc. (QLYS), Ferrari N.V. (RACE), SiteOne Landscape Supply, Inc. (SITE), Vicor Corporation (VICR), Wayfair Inc. (W), Ltd. (WIX), Weight Watchers International, Inc. (WTW), and World Wrestling Entertainment, Inc. (WWE).

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