Charts of the Day

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DIOD, NTNX, OSTK, PSTG — Stock Charts to Watch

Charts of the Day video for Thursday October 26th, 2017

DIOD, NTNX, OSTK, PSTG

Diodes Incorporated (DIOD) is doing really well and has hit both of my targets at 31 and 35. On Thursday, it was up another 57 cents, or 1.66%, to 34.85, on 388,271 shares traded, with a 34.82 high. It’s at a really long, longer-term resistance as well. If this stock should get over the 2011 high at about 34 1/2, and if it accelerates, it could blow into the 40-dollar range pretty quickly. It could peel back here a little bit, and that’s fine, but, at this point, I would set my stops around 32.

NUTANIX, INC. (NTNX) had what I thought was a positive inside day, popping 57 cents, or 2.09%, to 27.80, on 2.6 million shares traded. It looks to me like, if it can take out the recent spike high at 28.50, I’m looking at 31-2, and then 34-5 as targets. It has 5 days to cover.

Overstock.com, Inc. (OSTK) continues its momentum, jumping 4.70, or 11%, to 46.05, on 4.4 million shares traded. That’s big volume, and at this point, it may be short-term extended. Looking at the longer-term chart, going way back, there’s some resistance that could back it off. If it gets through resistance, the all-time high reached in 2004 at 77. Momentum is phenomenal, and in afterhours, it’s up to 46.80. More to to? We’ll see.

Pure Storage, Inc. (PSTG), one of swing trades, is moving. It popped 39 cents, or 2.43%, to 16.42, on 1.56 million shares traded on Thursday. If it can get above 16.64, I’m looking at 18 1/4, 19 1/2-20. It’s a nice looking chart with 7.6 days to cover.

On the long side, stocks included AXT Inc. (AXTI), Celadon Group, Inc. (CGI), Diodes Incorporated (DIOD), DowDuPont Inc. (DWDP), GRUBHUB INC. (GRUB), Iridium Communications Inc. (IRDM), Knight-Swift Transportation Holdings Inc. (KNX), NUTANIX, INC. (NTNX), Opiant Pharmaceuticals, Inc. (OPNT), Overstock.com, Inc. (OSTK), Pure Storage, Inc. (PSTG), Square, Inc. (SQ), Social Reality, Inc. (SRAX), STMicroelectronics N.V. (STM), Teradyne, Inc. (TER), Twitter, Inc. (TWTR), Volt Information Sciences, Inc. (VISI), and Xunlei Limited (XNET).




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