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HIMX, MARK, QNST, VERI — Stock Charts to Watch

Charts of the Day video for Tuesday November 28th, 2017


Himax Technologies, Inc. (HIMX) had a nice recovery from a 3-day pullback from key resistance with a nice pop of 46 cents, or 3.56%, to 13.36, on 5.3 million shares traded on Tuesday. It looks to me like it’s going to accelerate to 16. Sixteen is a big one. Back in 2014 it went to 16.15, and that’s what I’ll be watching.

Remark Holdings, Inc. (MARK) gained 52 cents, or 6%, to 9.14, on 1.9 million shares traded on Tuesday. What I liked about this stock is that I thought it would go higher, but I missed that pullback on Tuesday morning. I don’t know how I missed it, but the bottom line is that it was a steep recovery. It went from 7.50 to 9.57. That was two dollars right there. I’m thinking this will go through 9 3/4, and if it does, it’s going to be a 12-3 dollar stock.

QuinStreet, Inc. (QNST) popped, pulled back for three days, and then on Tuesday, it had another pop, jumping 1.03, or 10.7%, to 10.65, on 548,794 shares traded. It looks like it’s headed to 14, and then 17, with 2 days to cover. It has a nice chart, a nice formation, and a symmetrical, rising, 45-degree angle.

Veritone, Inc. (VERI) jumped 5.24, or 23.53%, to 27.51, on 3 million shares traded on Tuesday. That was a big day for this stock. Note the resistance at 29.62. If it gets above 29.75-30, I think it will be headed to 35-6 pretty quickly. It may even get it up to 40 at some point.

On the long side, stocks included Abercrombie & Fitch Co. (ANF), Express, Inc. (EXPR), Aquantia Corp. (AQ), AXT Inc. (AXTI), Majesco Entertainment Company (COOL), Catalyst Pharmaceuticals, Inc. (CPRX), Energy Recovery, Inc. (ERII), Forterra, Inc. (FRTA), Bitcoin Investment Trust (GBTC), Himax Technologies, Inc. (HIMX), Remark Holdings, Inc. (MARK), MagnaChip Semiconductor Corporation (MX), QuinStreet, Inc. (QNST), Social Reality, Inc. (SRAX), Veritone, Inc. (VERI), and Winnebago Industries, Inc. (WGO).

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