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DDD, DT, PTE, SEAC — Stock Charts to Watch

Charts of the Day video for Thursday January 23rd, 2020

3D Systems Corporation (DDD) broke out of a base with a breakaway gap on Thursday, gaining another 31 cents, or 2.7%, to 11.75, after reaching a high of 11.92, on 4.8 million shares, and is forming a wedge. I would like to see low volume on a pullback. I liked the volume on Thursday, in particular, because it did pop 4.8 million shares. I think it’s going to go higher. If it will pop on Friday as little as 12-12.15, then it’s going to be a 14-14 1/2-dollar stock.

Dynatrace Holdings (DT) broke out of a falling wedge on Thursday with a pop of 1.79, or 6.86%, to 30.15, before pulling back and closing at 27.88, on 1.8 million shares traded. I like the look of this. Resistance is at 30, but my target is 32 1/2.

PolarityTE, Inc. (PTE) popped four days ago, I gave you a swing on it, it pulled on low volume, and on Thursday it managed to reverse a little, popping 14 cents, or 3.74%, to 3.88, just three cents off the 3.93 high, on 193,096 shares traded, off the multi-session lows. Resistance and target area are going to be at 4.65, and then 5.75.

SeaChange International, Inc. (SEAC) finally popped out of the coil, advancing 23 cents, or 5.62%, to 4.32, four cents off Thursday’s high at 4.36, on 742,787 shares traded, and may be headed to wave five. You’re going to see 5 1/2-6 on the next move.

Stocks on the long side included ASLAN Pharmaceuticals Limited (ASLN), Covetrus, Inc. (CVET), 3D Systems Corporation (DDD), Dynatrace Holdings (DT), Fulgent Genetics, Inc. (FLGT), Harmonic Inc. (HLIT), iQIYI, Inc. (IQ), Lattice Semiconductor Corporation (LSCC), Mallinckrodt Public Limited Company (MNK), Nuance Communications, Inc. (NUAN), PolarityTE, Inc. (PTE), Rite Aid Corporation (RAD), SeaChange International, Inc. (SEAC), Verona Pharma (VRNA), Xenon Pharmaceuticals Inc. (XENE), XPEL, Inc. (XPEL), and Zynex, Inc. (ZYXI).

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