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ENPH, LSCC, NCR, SEDG, UIS — Stock Charts to Watch

Charts of the Day video for Wednesday July 31st, 2019


Enphase Energy, Inc. (ENPH) is running up. Ever since we first noticed this stock on a breakout in January when it was trading at 5 1/2-3/4, we watched it rocket to the 28 range. Wednesday is an exceptional day with it up 6.50, or 30%, to 28.15, on 22 million shares, the biggest volume I’ve ever seen on this stock. The long-term chart and channel top comes in at about 32, so it might get an extension if it gets momentum. But be careful. Any reversal, put a stop under Wednesday’s low at 26-26 1/4.

Lattice S.emiconductor Corporation (LSCC) continues to run and on Wednesday it was up 2.93, or 18%, to 19.34, on 12 million shares. That’s the second biggest volume I’ve seen on this stock. It had a breakaway gap in January, but we put a swing on it before it was a breakaway gap when it was trading in the 7 1/2 range. It has made it to Wednesday’s high at 20 1/4. My extension target is 25 at the top of the channel.

NCR Corporation (NCR) had an inverse head-and-shoulders-type pattern, it popped, and then consolidated for 2 1/2 months, and then had the recent run-up for 8 days in a row, and on Wednesday it closed up 1.36, or 4%, to 33.81, on 2 million shares, with a high of 35.08. It got almost to the top of the channel, so I’m not surprised it pulled back. There is some support at 33, and if it gets through that the target is 38.

SolarEdge Technologies, Inc. (SEDG), while some of the solar stocks are flying, this one in particular is outstanding. I put a swing on it in May around 51, and it is now 67, up 1.83, or 3%, to 65.23, on 1.4 million shares on Wednesday. The target is 70.

Unisys Corporation (UIS) I really like with a rounding-bottom base, and a breakaway gap on Wednesday It jumped 1.86, or 18%, to 12.39, on 5.4 million shares. My targets are 14 and 15, and the swing target is 17 1/2-18.

Stocks on the long side included Enphase Energy, Inc. (ENPH), Extreme Networks, Inc. (EXTR), Lattice Semiconductor Corporation (LSCC), Mercury Systems, Inc. (MRCY), MagnaChip Semiconductor Corporation (MX), NCR Corporation (NCR), Qudian Inc. (QD), SolarEdge Technologies, Inc. (SEDG), U.S. Silica Holdings, Inc. (SLCA), SunPower Corporation (SPWR), Target Corporation (TGT), Unisys Corporation (UIS), Workhorse Group Inc. (WKHS), and ZIOPHARM Oncology, Inc. (ZIOP).




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