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DT, FLGT, SAVA, XPEL — Stock Charts to Watch

Charts of the Day video for Thursday January 30th, 2020


Dynatrace Holdings (DT) recently popped, came down in a falling wedge, exploded, pulled back to the gap, and then moved back up on Thursday, jumping 1.06, or 3.42%, to 32.06, just pennies off its high of 32.09, on 1.9 million shares. I think it’s going to run to 35 short-term, and maybe much than that.

Fulgent Genetics, Inc. (FLGT) is still coiling. The last two-three months it continues to hold near the trendlines and moving averages. On Thursday, it popped 20 cents, or 1.5%, to 13.51, having reached a high of 13.59, on 189,092 shares traded. This time it will have to get up through the 15 1/2-3/4 range, which is my first target. Then I’m looking for something in the low 20’s.

Cassava Sciences, Inc. (SAVA), closing down 26 cents, or -3.14%, to 8.03, with a high of 8.15, on 1.6 million shares, also popped and pulled back for a couple days on low volume. I think it’s still a set-up. It needs to make a move out over the 9.38 area. The resistance zone is currently between 9 3/4 and 10 1/2-3/4. Any move through that zone and we’re looking at 16-17 going forward. That could be spectacular.

XPEL, Inc. (XPEL) popped, broke out, retested and is now forming a wedge. On Thursday it was up just 16 cents, or 1%, to 16.42, after reaching a high of 16.93, on 153,048 shares traded, but I like the look of it. I think that when this does take off, we’re going to see 22-23.

Stocks on the long side included Adaptimmune Therapeutics plc (ADAP), ASLAN Pharmaceuticals Limited (ASLN), 3D Systems Corporation (DDD), Dynatrace Holdings (DT), Fulgent Genetics, Inc. (FLGT), Mallinckrodt Public Limited Company (MNK), Neoleukin Therapeutics, Inc. (NLTX), Nuance Communications, Inc. (NUAN), O-I Glass, Inc. (OI), Cassava Sciences, Inc. (SAVA), Wrap Technologies, Inc. (WRTC), World Wrestling Entertainment, Inc. (WWE), Xenon Pharmaceuticals Inc. (XENE), XPEL, Inc. (XPEL), and Zynex, Inc. (ZYXI).




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