Charts of the Day

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FOLD, KRO, SGMO, SIEN — Stock Charts to Watch

Charts of the Day video for Tuesday July 11th, 2017


Amicus Therapeutics, Inc. (FOLD), one of our swing trades, did phenomenal on Tuesday, popping 2.66, or 26%, to 12.92, on 24 million shares traded. My targets at 11 and 13 were both hit. A breakaway gap out of this entire base could be a sign that this stock is going higher. The next target is 15, and then 18. There’s 12.76 days to cover.

Kronos Worldwide, Inc. (KRO), which we gave you a swing on Monday, ran up, and on Tuesday extended, running up to 20.64, and then closed up 88 cents, or 4.49%, to 20.47, on a million shares traded. That’s the biggest volume since early May when it popped. I’m looking for an extension to 23-4.

Sangamo Therapeutics, Inc. (SGMO) may have broken out of a 2-week flag, and popped 55 cents, or 6.32%, to 9.25, on 1.25 million shares traded on Tuesday. If it extends, watch for a move through 9.65 to get up to 10 1/4, and 11 1/2-3/4. It has 7.11 days to cover.

Sientra, Inc. (SIEN) is a stock that I have been following for a long time. I really liked it when it broke out of the inverse head-and-shoulder and ran up in Nov-Dec 2015, we had a swing on it, and it went nowhere for a year and a half. It formed a very big base. It broke out on Tuesday with energy on nearly a million shares traded. I put a swing on it early-on Tuesday, and it extended out to 10.84 before it closed up 1.18, or 12.4%, to 10.68. I'm planning on this heading up towards 14 in the next couple weeks. There’s 10 days to cover.

On the long side, stocks included Arena Pharmaceuticals, Inc. (ARNA), BeiGene, Ltd. (BGNE), ChemoCentryx, Inc. (CCXI), Catalyst Pharmaceuticals, Inc. (CPRX), Amicus Therapeutics, Inc. (FOLD), Halcón Resources Corporation (HK), Kronos Worldwide, Inc. (KRO), Mitek Systems, Inc. (MITK), Nektar Therapeutics (NKTR), NovoCure Limited (NVCR), Sientra, Inc. (SIEN), Sangamo Therapeutics, Inc. (SGMO), Square, Inc. (SQ), and Yirendai Ltd. (YRD).

Stocks on the short side included AutoZone, Inc. (AZO), Central Garden & Pet Company (CENT), Glaukos Corporation (GKOS), MYR Group Inc. (MYRG), Simon Property Group, Inc. (SPG), Veritiv Corporation (VRTV), and WAVE Life Sciences Ltd. (WVE).

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