Charts of the Day

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JUNO, NTNX, OLED, OSTK — Stock Charts to Watch

Charts of the Day video for Monday October 30th, 2017

JUNO, NTNX, OLED, OSTK

Juno Therapeutics, Inc. (JUNO) popped out and pulled back on Monday, closing up 57 cents, or 1.25%, to 46.29, on nearly 2 million shares traded, but net/net it reached a high of 48.14. Sometimes they will pull back, test the breakout point, and go again. I’m looking for 49.50, and then 57.00.

Nutanix, Inc. (NTNX) is looking good, pushing the envelope on Monday. That envelope being about 28.50, closing up 39 cents, or 1.4%, to 28.28, on 1.3 million shares traded, reaching a nominal new high at 28.69. It looks like it’s headed up toward 30, 32, 33, 34, and 35, which are all potential targets down the road. It has 5 days to cover.

Universal Display Corporation (OLED), a swing trade of ours, came out of a coil on Monday, and bounced 2.50, or 1.84%, to 138.60, on 707,433 shares traded. I think it’s going to test 145, 155, and 165, which are all targets going forward. What a chart! There’s 5 days to cover.

Overstock.com, Inc. (OSTK) is looking well, but I don’t think it’s done yet. I think that if this stock had reversed on Friday, and Monday’s action on an inside day, even though it was up 1.05, or 2.45%, to 43.95, on 3.4 million shares traded, does not tell me if there’s a stop. However, I would look at the 40.50 to 41.50 zone as support. We’ll keep an eye on it on Tuesday. If it holds, the targets are 49.50 and 50.00. It has 6 days to cover.

On the long side, stocks included Adamas Pharmaceuticals, Inc. (ADMS), Cree, Inc. (CREE), Editas Medicine Inc. (EDIT), FARO Technologies, Inc. (FARO), First Solar, Inc. (FSLR), Global Blood Therapeutics, Inc. (GBT), IRadimed Corporation (IRMD), Juno Therapeutics, Inc. (JUNO), Nutanix, Inc. (NTNX), NovoCure Limited (NVCR), Universal Display Corporation (OLED), Overstock.com, Inc. (OSTK), SuperCom Ltd. (SPCB), Tocagen Inc. (TOCA), TransEnterix, Inc. (TRXC), Canopy Growth Corporation (TWMJF), and Xunlei Limited (XNET).




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