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RUN, VSLR, MED, PII — Stock Charts to Watch

Charts of the Day video for Tuesday November 27th, 2018


Sunrun Inc. (RUN) is yet another solar stock, that not only broke out through the declining topsline on Tuesday, but lateral resistance at the very bottom, jumping 1.08, or 8.29%, to 14.11, on 3.3 million shares. It needs to get to 14-14.45, and then it may make a run to 16 1/4.

Vivint Solar, Inc. (VSLR) broke out on Monday, and followed through on Tuesday, popping 52 cents, or 8%, to 7.00, on 2.4 million shares. It had a nice run to a double-top, no less. I’m looking for a move to about the 8 1/4-1/2 area. If it gets through that, we’re looking at 10-10 1/2.

Stocks on the Short Side….

Medifast, Inc. (MED) was down another 5.86, or 4%, to 143.27, on 354,114 shares traded on Tuesday. That was the lowest close in seven months. It looks like it’s in falling mode, and appears to be headed to 115, and probably at some point lower than that.

Polaris Industries Inc. (PII), which I put a swing on Tuesday, continues to fall, dropped 2.12, or 2%, to 95.38, on 368,804 shares traded. I like the looks of the break down, flag, and then the break down, wedge. The next target is around 78-80.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Sphere 3D Corp. (ANY), Darling Ingredients Inc. (DAR), Frontline Ltd. (FRO), First Solar, Inc. (FSLR), Houghton Mifflin Harcourt Company (HMHC), Intelsat S.A. (I), JinkoSolar Holding Co., Ltd. (JKS), Maxim Integrated Products, Inc. (MXIM), Natural Grocers by Vitamin Cottage, Inc. (NGVC), Renewable Energy Group, Inc. (REGI), Sunrun Inc. (RUN), Spirit Airlines, Inc. (SAVE), Tesaro, Inc. (TSRO), and Vivint Solar, Inc. (VSLR).

On the short side, stocks included Axon Enterprise, Inc. (AAXN), Editas Medicine, Inc. (EDIT), IntriCon Corporation (IIN), Intuitive Surgical, Inc. (ISRG), Medifast, Inc. (MED), Polaris Industries Inc. (PII), PVH Corp. (PVH), and Vicor Corporation (VICR).

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