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KRMD, LAKE, NVAX, TEDU, VXRT, ZM — Stock Charts to Watch

Charts of the Day video for Thursday February 27th, 2020


KORU Medical Systems (KRMD), providers of in-home infusion systems, popped on Thursday, running up 1.96, or 27.84%, to session and multi-week highs at 9.25, before pulling back and closing a quarter lighter at 9.00, on 2.2 million shares traded, nine and a half times its average volume, and added another dime in after hours, which took it back up to 9.10.

Lakeland Industries, Inc. (LAKE), manufacturer of protective clothes for first respondersof the Coronavirus, exploded 3.67, or 22.52%, to 19.97, after reaching an early session and multi-week high of 23.20, on 7.35 million shares traded, or 19 times the average volume, and another 2.28, or 11.4%, in after hours.

Novavax, Inc. (NVAX), developer of vaccines, exploded in Jan, formed a wedge, exploded out of the wedge, and on Thursday, it exploded 2.58, or 28%, to 11.80, just 8 cents off the session high at 11.88, on 27 million shares traded shares, six and a half times its average volume, and up another 1.45, or 12.3%, to 13.25 in after hours.

Tarena International, Inc. (TEDU), a provider of education services in China, is doing well since China has shut down all schools and the students are online. A stock like this that has gone from 7 cents to 4.00, went into a coil and got very quiet just a week ago, and on Thursday, it popped 73 cents, or 19%, to 4.55, with a high of 4.82 on 1.8 million shares traded, exploding from the 2.20 area all the way up to 4.82. With this kind of momentum and resistance up in the 5 3/4 and 7 range, these are my targets going forward.

Vaxart, Inc. (VXRT), a biotech company developing oral vaccines, literally exploded in Jan, going from 25 cents to 1.90, backed down to 1.00, and then on Thursday, it popped 82 cents, or 50%, to 2.47, after reaching up to 3.40, on 61 million shares traded, and is up another 72 cents, or 29%, to 3.19, in after hours. My target is 4 3/4.

ZOOM Technologies, Inc. (ZOOM), a Beijing maker of mobile phone components, is in huge demand with everyone out of school and work, meetings done by phone, etc, exploded 1.29, or 31%, to 5.50, reaching a high of 6.60, on 355,171 shares traded, or 15 times the average volume. It could explode and get up to the 1.25-.35 range.

Stocks on the long side included Allied Healthcare Products, Inc. (AHPI), Alpha Pro Tech, Ltd. (APT), Co-Diagnostics, Inc. (CODX), KORU Medical Systems (KRMD), Lakeland Industries, Inc. (LAKE), Novavax, Inc. (NVAX), Tarena International, Inc. (TEDU), Vir Biotechnology, Inc. (VIR), Vaxart, Inc. (VXRT), and ZOOM Technologies, Inc. (ZOOM).




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