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DVAX, KL. PTGX, RKDA — Stock Charts to Watch

Charts of the Day video for Tuesday September 3rd, 2019


Dynavax Technologies Corporation (DVAX) popped 44 cents, or 11%, to 4.58, on 2.2 million shares on Tuesday. It may be merging into an inverse head and shoulders. That’s what it looks like to me. The chart shows the shoulders and then the neckline. I think it thrust up above 4.85, and now I’m looking for 6, 63/4, and 8 going forward.

Kirkland Lake Gold Ltd. (KL) jumped 1.18, or 2.42%, to 49.94, on 1.5 million shares on Tuesday. It continues to push up. Tuesday’s high was 50.27. This is a fantastic long-term chart, especially since the Nov low when it was trading at 18. At this rate it’s going to get through a few percent in the next few weeks. If it gets through the 50 zone, we’re should see a spike-up near 60.

Protagonist Therapeutics, Inc. (PTGX) has an interesting-looking chart. It has a nice base, came up through resistance with a breakout on Tuesday, popping 1.21, or 9.29%, to 14.24, on 448, shares traded. The next targets for this stock going forward are 17, 20, and 22.

Arcadia Biosciences, Inc. (RKDA) is really setting up nicely in a rising flag. On Tuesday, it gained another 36 cents, or 4.7%, to 8.01, on 1.5 million shares. Let’s see if it’s able to extend this pattern if it accelerates for a pop to about 11, and then up to 14.

Stocks on the long side included Abeona Therapeutics Inc. (ABEO), Ardelyx, Inc. (ARDX), Dynavax Technologies Corporation (DVAX), elth, Callaway Golf Company (ELY), VelocityShares 3x Invrs Crude Oil ETNNew (DWT), InMode Ltd. (INMD), Kirkland Lake Gold Ltd. (KL), Lannett Company, Inc. (LCI), Net Element, Inc. (NETE), Napco Security Technologies, Inc. (NSSC), Nextcure Inc. (NXTC), Pieris Pharmaceuticals, Inc. (PIRS), Protagonist Therapeutics, Inc. (PTGX), Arcadia Biosciences, Inc. (RKDA), VelocityShares Daily 2x VIX ST ETN (TVIX), ProShares Ultra VIX Short-Term Futures (UVXY), VelocityShares 3x Long Silver ETN Linked to the S&P GSCI Silver Index ER (USLV), and Weight Watchers International I (WW).




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