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ENPH, EVTC, FSLR, ICAD, NEO, SPWR — Stock Charts to Watch

Charts of the Day video for Thursday August 1st, 2019

Enphase Energy, Inc. (ENPH) had more upside follow-through on Thursday, jumping 1.95, or 7%, to 30.10, on 11.5 million shares, with a high of 31.17. We’ll have to see if it gets momentum.

EVERTEC, Inc. (EVTC) also popped, gaining 3.77, or 12%, to 35.79, on 1.3 million shares on Thursday, and took out resistance to mid-range before backing off. To me, this stock has the energy and potential to get into the mid-to-high 40’s at 40-41, and then 47.

First Solar, Inc. (FSLR), which we put a swing on after it broke out, was up 2.34, or 3.63%, to 66.83, on 4.3 million shares on Thursday, and came back to the breakout point. It will have big volume, and then come on again. Don’t let it get underneath 64, and the target is 75.

iCAD, Inc. (ICAD) had a swing put on it back in Jan, it more than double and then backed off. It then popped up slightly and backed off again. Still, it was up 46 cents, or 7.22%, to 6.83, on 460,067 shares traded on Thursday. That’s the biggest volume in six weeks. Target is in the 8 1/2-9 zone.

NeoGenomics, Inc. (NEO), a company that I’ve been following for a long time, is a very solid organization. It was up 1.48, or 6%, to 25.85, on 1.5 million shares on Thursday, and is at the top of the channel. There may be some pull back, or it’s going to accelerate here and move up into the 30’s and 40’s.

SunPower Corporation (SPWR) has had a monster move in the last five days. It has gone from 10 to 16, and on Thursday, it had a breakaway gap and ran all the way up to 16.04, popping 2.83, or 24%, to 14.52, on 23 million shares. That’s the biggest volume I’ve ever seen on this stock. Targets are 14.52, 17 3/4, and then, 20.

Stocks on the long side included Aerojet Rocketdyne Holdings, Inc. (AJRD), Cirrus Logic, Inc. (CRUS), Enphase Energy, Inc. (ENPH), EVERTEC, Inc. (EVTC), First Solar, Inc. (FSLR), iCAD, Inc. (ICAD), Kellogg Company (K), Myriad Genetics, Inc. (MYGN), NeoGenomics, Inc. (NEO), Perficient, Inc. (PRFT), the Rubicon Project, Inc. (RUBI), SunPower Corporation (SPWR), Telaria, Inc. (TLRA), Vivint Solar, Inc. (VSLR), and Zynex, Inc. (ZYXI).

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