Charts of the Day

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FSLR, JUNO, MLCO, OSTK — Stock Charts to Watch

Charts of the Day video for Wednesday November 1st, 2017

FSLR, JUNO, MLCO, OSTK

First Solar, Inc. (FSLR), after the big pop and pullback on Tuesday, Wednesday had a nice reversal, jumping 2.39, or 4.36%, to 57.21, on 5.3 million shares traded, with a high of 57.86. No support now, and it’s in the 52-3 zone. I’m looking for a move to 61 1/2-62, and if it gets through that, look for it to head to 65, and then 73.

Juno Therapeutics, Inc. (JUNO) didn’t have a good close on Wednesday. It broke out and popped through my first target at 52 and pulled back to the breakout point. It was up 3.40, or 7.57%, to 48.31, on nearly 5 million shares traded. I still think it’s going to be a takeover at some point. Right now it appears that the target is in the low to mid 60’s.

Melco Resorts & Entertainment L (MLCO), one of my favorites in the gaming industry, broke out in March, ran up, we put a swing on it, it consolidated, and popped again on Wednesday, up 1.24, or 5%, to 26.52, on 6.85 million shares traded, reaching a 26.53 high. It looks like 28-9 is my target going forward.

Overstock.com, Inc. (OSTK) still looks good. It was up just 25 cents to 46.15, on 3.1 million shares traded, reaching up to a 48.25 high on Wednesday, and if it doesn’t rollover, I wouldn’t be shocked to see 55, or 60 short term. It has 6 days to cover.

On the long side, stocks included Adamas Pharmaceuticals, Inc. (ADMS), California Resources Corporation (CRC), CVR Energy, Inc. (CVI), eHealth, Inc. (EHTH), Emerge Energy Services LP (EMES), First Solar, Inc. (FSLR), Garmin Ltd. (GRMN), Juno Therapeutics, Inc. (JUNO), Limelight Networks, Inc. (LLNW), Oasis Petroleum Inc. (OAS), Overstock.com, Inc. (OSTK), Qualys, Inc. (QLYS), Radware Ltd. (RDWR), VelocityShares 3x Long Silver ETN (USLV), ViewRay, Inc. (VRAY), Whiting Petroleum Corporation (WLL), Westport Fuel Systems Inc. (WPRT), Xunlei Limited (XNET), ad ZTO Express (Cayman) Inc. (ZTO).




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