Closing Analysis

Another Down Day

Closing Technical Market Analysis for Thu March 7th 2019

The indices had another volatile down day on Thursday, opening down, bouncing around all day, and then closing to the downside.

Net on the day, the Dow was down 200.23 at 25,473.23. The S&P 500 was down 22.52 at 2748.93. The Nasdaq 100 was down 85.58 at 7026.88.

TheTechTrader.com board was mostly red on Thursday, but there were some strong gainers.

Amazon.com, Inc. (AMZN) dropped another 43.00 to 1625.95, Alphabet Inc. (GOOG) down 14.56 to 1143.30, Apple Inc. (AAPL) 2.02 to 172.50, Facebook, Inc. (FB) 3.38 to 169.13, and Netflix, Inc. (NFLX) 7.01 to 352.60.

NVIDIA Corporation (NVDA) lost 2.79 to 149.26, Intuitive Surgical, Inc. (ISRG) gave back 3.35 to 533.16, Microsoft Corporation (MSFT) down 1.36 to 110.39, Baidu, Inc. (BIDU) 4.52 to 165.72, and First Solar, Inc. (FSLR) 1.10 to 50.36.

Other stocks to the downside included Square, Inc. (SQ) down 1.03 to 74.11, United Parcel Service, Inc. (UPS) down 1.99 to 106.86, FedEx Corporation (FDX) 5.32 to 172.86, Weight Watchers International, Inc. (WTW) 1.35 to 19.44, and Xilinx, Inc. (XLNX) 1.45 to 119.91.

To the upside, point-plus gainers included Health Insurance Innovations, Inc. (HIIQ) up 2.73 to 37.84, Guidewire Software, Inc. (GWRE) up 3.76 to 90.22, Okta, Inc. (OKTA) 1.23 to 81.21, and Alteryx, Inc. (AYX) 4.19 to 71.79.

Checking TheTechTrader.com percent-gain leaderboard, REV Group, Inc. (REVG) popped 95 cents, or 11%, to 9.72, on 1.1 million shares. Calumet Specialty Products Partners, L.P. (CLMT) bounced around all day, and closed up 87 cents, or 31%, to 3.71, on 2 million shares. TrovaGene, Inc. (TROV), on earnings, advanced 97 cents, or 31%, to 4.13, on 3.2 million shares or 37 times more volume.  

ArQule, Inc. (ARQL) climbed 2.19, or 67%, to 5.44, on 20 million shares. Seelos Therapeutics, Inc. (SEEL), on positive news, bounced 1.49, or 96%, to 3.04, on 60 million shares. Altimmune, Inc. (ALT) ran up to 5.95 from a low of 3.37, or 50%, on 31 million shares, or 90 times more volume than normal. Jounce Therapeutics, Inc. (JNCE) climbed 1.05, or 24%, to 5.45. Diffusion Pharmaceuticals Inc. (DFFN) ran up 2.51, or 56%, to 7.00, on 1 million shares.

Bio-Path Holdings, Inc. (BPTH) peaked at 73.52 on Thursday, pulled back and closed up 26.84, or 223.29%, to 38.86, on 36 million shares, 3000% over the last six trading sessions. Bandwidth Inc. (BAND) bounced 6.00, or 11%, to 61.20, on 1.65 million shares. CareDx, Inc (CDNA) gained 3.04, or 10%, to 33.94, on 2.8 million shares. Rosetta Stone Inc. (RST) popped 4.56, or 29%, to 20.16, on 1.3 million shares. Yext, Inc. (YEXT) thrust 2.06, or 10%, on 5.3 million shares.

Among other gainers, The Estée Lauder Companies Inc. (EL) was up 1.52 to 155.40.

Let’s see what happens tomorrow.

Good Trading! 

Harry  


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