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QURE, SUPN, EBIX, MZOR — Stock Charts to Watch

Charts of the Day video for Wednesday April 18th, 2018


uniQure (QURE) has done very well for us. Just look at the way this stock has moved. It popped and flagged a couple of times, exploded, wedged, broke out of a mini flag, ran up for several days, and on Wednesday, it was up another 2.03, or 6.8%, to 31.85, on 422,396 shares traded. Targets going forward are 35, and 39.

Supernus Pharmaceuticals, Inc. (SUPN), which is one of our swing trades, is doing very well, up another 1.70, or 48.05, on 923,333 shares traded on Wednesday. For me, it’s up in the resistance zone right near the high from January, and may take a run at 50 in a day or so. If it gets through that, we might see mid 50’s, and eventually 59-60.

Stocks on the Short Side…..

Ebix Inc. (EBIX) dropped 87 cents, or 4.15%, to 20.09, on 183,528 shares traded on Wednesday. This stock broke down from a head-and-shoulders, rallied right back to the neckline and the 50-day moving average, and might be forming a bear flag right now. If this stock collapses and breaks, I’m looking at a stock down in the mid 60’s.

Mazor Robotics Ltd. (MZOR) was down 33 cents to 60.32, on 341,093 shares traded on Wednesday. It formed a pretty close head-and-shoulder top, a right shoulder wedge, and the moving average is unable to get through it. I think it’s an easy stop over 63, but if it rolls over and takes out 56, you’re looking at 50, or much worse.

Stocks on the long side included Callon Petroleum Company (CPE), California Resources Corporation (CRC), First Solar, Inc. (FSLR), SunPower Corporation (SPWR), Supernus Pharmaceuticals, Inc. (SUPN), Twilio Inc. (TWLO), GeoPark Limited (GPRK), IntriCon Corporation (IIN), Oasis Petroleum Inc. (OAS), uniQure (QURE), United States Oil ETF (USO), VelocityShares 3x Lng Crude Oil ETN New (UWT), ViewRay, Inc. (VRAY), and W&T Offshore Inc. (WTI).

On the short side, stocks included Advanced Energy Industries, Inc. (AEIS), Bitauto Holdings Limited (BITA), Ebix Inc. (EBIX), Essent Group Ltd. (ESNT), Golden Entertainment, Inc. (GDEN), iRobot Corporation (IRBT), Mazor Robotics Ltd. (MZOR), Prestige Brands Holdings, Inc. (PBH), Radian Group Inc. (RDN), Shopify Inc. (SHOP), Scotts Miracle-Gro Company (SMG), Sun Hydraulics Corporation (SNHY), LendingTree, Inc. (TREE), Ultra Clean Holdings Inc. (UCTT), and YY Inc. (YY).

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