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HTGM, WUBA, DQ, TREE — Stock Charts to Watch

Charts of the Day video for Wednesday September 26th, 2018


HTG Molecular Diagnostics, Inc. (HTGM), one of my favorite juniors, I think is starting to ramp. It’s four waves up and working on the fifth wave, popping 48 cents, or 10%, to 5.10, on 2.3 million shares on Wednesday. It should test 5 1/2-3/4 on Thursday. Ultimately, if it gets through this zone, look for it to run up to 7 1/2-8.00.

Swing trade Inc. (WUBA) popped at resistance, pulled back to a right-handed extended V, created a new rising channel, and on Wednesday, it popped 2.46, or 3.35%, to 75.96, on 583,582 shares traded up near resistance at the high at 77.13. If it gets through here, I’m looking for 85.00.

Daqo New Energy Corp. (DQ), swing trade, is working very nicely. On Wednesday it was down 1.11, or -4%, to 26.63, on 740,408 shares traded and met my target around 26.00, and reached as low as 25.75. Four percent is not a big drop, but it may accelerate downward. At some point, I wouldn’t be surprised to see this at 19.00.

LendingTree, Inc. (TREE) has been a swing short since April when it was trading at 325.00. It dropped down to 205, 120 points, and then formed a big coil, and on Wednesday dropped 5.20, or -2.28%, to 223.05, on 134,767 shares traded. I have a feeling that this is not done yet. My target is 172-75.

Stocks on the long side included Achillion Pharmaceuticals, Inc. (ACHN), Acacia Communications, Inc. (ACIA), Aldeyra Therapeutics, Inc. (ALDX), Amarin Corporation plc (AMRN), AVEO Pharmaceuticals, Inc. (AVEO), Bloom Energy Corporation (BE), Canada Goose Holdings Inc. (GOOS), HTG Molecular Diagnostics, Inc. (HTGM), Mesoblast Limited (MESO), Invitae Corporation (NVTA), Oasmia Pharmaceutical AB (publ) (OASM), Vanda Pharmaceuticals Inc. (VNDA), and Inc. (WUBA).

On the short side, stocks included argenx SE (ARGX), AxoGen, Inc. (AXGN), TopBuild Corp. (BLD), Daqo New Energy Corp. (DQ), IntriCon Corporation (IIN), Instructure, Inc. (INST), Nutanix, Inc. (NTNX), Olin Corporation (OLN), PetMed Express, Inc. (PETS), SolarEdge Technologies, Inc. (SEDG), SMART Global Holdings, Inc. (SGH), Scientific Games Corporation (SGMS), LendingTree, Inc. (TREE), TechTarget, Inc. (TTGT), Vicor Corporation (VICR), and Wynn Resorts, Limited (WYNN).

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