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DCPH, INS, OSTK, TLRA, ZIOP — Stock Charts to Watch

Charts of the Day video for Thursday August 22nd, 2019

DCPH, INS, OSTK, TLRA, ZIOP

Deciphera Pharmaceuticals, Inc. (DCPH), which is a swing of ours that exploded about a week and a half ago, consolidated. Thursday, it had an engulfing reversal day, and popped 93 cents, or 2.58%, to 37.01, on 912,213 shares traded. Volume picked up and OBV looks good. I’m still looking for a move back up to test the 40-42 range, and then maybe something in the high 40’s.

Intelligent Systems Corporation (INS) was the big run of the year for us from the Dec low in the 13-range and made it all the way up to 55.34. On Thursday it was up 3.71, or 7.29%, to 54.59, on 119,729 shares traded closing at the high for the day and breaking out across a triple top. It looks like it’s header toward 55.

Overstock.com, Inc. (OSTK) jumped 1.62, or 8.3%, to 21.12, on 12.4 million shares on Thursday. The CEO resigned on Thursday and this stock popped up, pulled back, and may have broken back out again. The way I see it, is resistance is just above here at 23-23 1/2, and then we’re looking at 26 1/2. Those are the targets.

Telaria, Inc. (TLRA) popped near the multi-year highs, if not the all-time highs on Thursday, gaining 32 cents, or 3.6%, to 9.22, on 1.8 million shares. There’s resistance up here, but consolidation tells me it may start to ramp, and if it does, look for a target around 12.

ZIOPHARM Oncology, Inc. (ZIOP) popped after reversing off the trend channel, and bounced 47 cents, or 9%, to 5.60, on 6.95 million shares on Thursday. A prior high in May, and a pullback here, look like they’re at the same level. This may retest the high at 7.30, but, ultimately, I’m looking for 8 3/4-9 as the next targets.

Stocks on the long side included The Cato Corporation (CATO), Deciphera Pharmaceuticals, Inc. (DCPH), Eidos Therapeutics, Inc. (EIDX), Fastly, Inc. (FSLY), At Home Group Inc. (HOME), Intelligent Systems Corporation (INS), Nordstrom, Inc. (JWN), Net Element, Inc. (NETE), Overstock.com, Inc. (OSTK), Pure Storage, Inc. (PSTG), Telaria, Inc. (TLRA), Xunlei Limited (XNET), and ZIOPHARM Oncology, Inc. (ZIOP).




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