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LUNA, MAXR, NEO, NVTA, OSTK, SMSI, WKHS — Stock Charts to Watch

Charts of the Day video for Wednesday August 7th, 2019

Maxar Technologies Inc. (MAXR) finally took out the 4-5-week channel with a pop on Wednesday of 84 cents, or 12%, to 8.01, on 3 million shares. It’s at resistance, though, and can get to 8 3/4, 10-10 1/2, and then 13.

NeoGenomics, Inc. (NEO), a swing trade of ours, is snapping back nicely. It was up a little on Tuesday on an inside day, and on Wednesday, it was a positive session, jumping 1.25, or 15%, 26.00, 889,400 shares traded. It went straight up to the highs, which was 26.14 four days ago and again on Wednesday. It should get through here. If it does, I’m looking for 28 3/4-29, and then we’ll see where it goes beyond that. Great-looking long-term chart.

Invitae Corporation (NVTA) snapped back nicely on Wednesday. It didn’t close great, but it was up 1.88, or 8%, to 26.79, on 6.2 million shares, after being up a couple more points. It pulled back off resistance, but I think it’s headed to the 32 and 35 area.

Workhorse Group Inc. (WKHS) looks like it’s ready for another run. It got a little ahead of itself and got smacked back on Wednesday. Still, it popped 35 cents, or 11%, to 2.87, on 5.2 million shares. Once it gets through the 4.10-.15 area, I think it will run to 5.40, 6.20, and 7 1/2. Let’s keep that in mind. I think this can double.

On the long side, stocks included First Majestic Silver Corp. (AG), Allakos Inc. (ALLK), Atkore International Group Inc. (ATKR), Beyond Meat, Inc. (BYND), CEL-SCI Corporation (CVM), Guardant Health, Inc. (GH), Horizon Pharma Public Limited Company (HZNP), Luna Innovations Incorporated (LUNA), Maxar Technologies Inc. (MAXR), NeoGenomics, Inc. (NEO), Invitae Corporation (NVTA),, Inc. (OSTK), NeoPhotonics Corporation (NPTN), Perion Network Ltd. (PERI), Roku, Inc. (ROKU), Rhythm Pharmaceuticals, Inc. (RYTM), SolarEdge Technologies, Inc. (SEDG), Smith Micro Software, Inc. (SMSI), Vivint Solar, Inc. (VSLR), Workhorse Group Inc. (WKHS), and Weight Watchers International I (WW).

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