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FSLR, PAYS, SEDG, SPWR, STNG, TLRA — Stock Charts to Watch

Charts of the Day video for Thursday June 13th, 2019


Solar stocks are emerging, First Solar, Inc. (FSLR) popped out of a wedge a couple weeks ago, ran up and pulled back sharply on Wednesday, but Thursday was an inside day Still, it gained 2.27, or 3.79%, to 62.15, on 1.5 million shares.

PaySign, Inc. (PAYS) is one of my new stocks of late and a top pick at IBD. It popped on Thursday out of a 3-day flag, advancing 65 cents, or 5.46%, to 12.55, on 2.3 million shares. That’s the biggest volume since Feb. Looking for it to make a quick move toward 15.

SolarEdge Technologies, Inc. (SEDG), which I put a swing on when it broke out and pulled back, still looks great. It jumped 3.06, or 5.58%, to 57.88, on 531,616 shares traded. It moved from about 50 to 58. Right now, it’s at resistance. If it can get up through the double-top from June-July, then look for it to get to 65. That’s the next target.

SunPower Corporation (SPWR), the second largest solar stock in the world, was up 50 cents, or 6.28%, to 8.46, on 2.8 million shares. It looks like it’s poised to pop through 8.60 and run. The next target is 10.

Scorpio Tankers Inc. (STNG) is a shipping group. I put a swing on it when it broke out and ran right to the target, pulled back and held three times, and then reversed for 2.05, or 8.66%, to 25.71, on a million shares. The volume picked up a little bit. If this one gets going and gets to 26, you could see 29, and then 32 1/2 next.

Telaria, Inc. (TLRA), a small software application stock, which popped in Feb, pulled back for a coil, I put a swing on it, a very good one, and this stock nearly doubled. It pulled back to support, and created a new trendline, ramped up for five days in row, and on Thursday, it popped 37 cents, or 4.68%, to 8.28, on 756,451 shares traded. I’m looking for a quick test of 9.20, and then a test, perhaps, around 11.

Stocks on the long side included Audentes Therapeutics, Inc. (BOLD), ContraVir Pharmaceuticals, Inc. (CTRV), CEL-SCI Corporation (CVM), First Solar, Inc. (FSLR), Sunrun Inc. (RUN), SolarEdge Technologies, Inc. (SEDG), SunPower Corporation (SPWR), Vivint Solar, Inc. (VSLR), Kodiak Sciences Inc. (KOD), Lululemon Athletica Inc. (LULU), Lyft, Inc. (LYFT), PaySign, Inc. (PAYS), Anaplan, Inc. (PLAN), Red Robin Gourmet Burgers, Inc. (RRGB), Revilve Group (RVLV), Scorpio Tankers Inc. (STNG), Telaria, Inc. (TLRA), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP), and Zynerba Pharmaceuticals, Inc. (ZYNE).




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