These are the Charts of the Day. It was another decent trading day on Wall Street on Tuesday to say the least. We had a good time with some of the picks that we decided to highlight on Tuesday morning. Let’s take a look at some of the ones we’ve been following, and some that are acting good, or stood out to see how they are doing.
First Solar, Inc. (FSLR) is coming back nicely despite the breakdown recently. It opened at 70.04, ran up to 72.20, before closing at 71.12, up 1.92, or 2.76%, on 3.4 million shares. It’s below support and took out some of our traders because we had to stop it at 66. It tested the 21-day rising moving average, and created a bottom, parallel-like channel up. It looks like that if it could get through the 71.12 level, it will explode to 80, and then the 84-5 range. Those are the targets for this stock.
Maxwell Technologies, Inc. (MXWL) popped nicely on Tuesday morning, up 19 cents, or 1.2%, on 2.3 million shares. The big coil broke to the upside with a big thrust, but it didn’t go as high as we would like it to have done. Targets are set at 18, and then 21.
SunEdison, Inc. (SUNE) is an intriguing stock. We want to watch it carefully to see if the big volume surge, and the breakout above the declining topsline and lateral price resistance is really enough to start another leg up, and eventually take out the double top near 21 3/4, and then reach the second target up around 27.
Vertex Energy, Inc. (VTNR) exploded recently, pulled back nicely in a falling wedge, moved up, wedged again, and broke out to the point where we tested the high for the year at 8.13, and it reached 8.22, before backing off at 7.75. It was still up 39 cents, or 5.3%, on 1.3 million shares. That may be the biggest volume this stock has ever traded. So onward and upward. Look for a test of 9 1/2, and then 12 eventually.
Other stocks on Harry’s Charts of the Day are Alliance Fiber Optic Products Inc. (AFOP), BioFuel Energy Corp. (BIOF), Cytokinetics, Incorporated (CYTK), FX Energy Inc. (FXEN), GT Advanced Technologies Inc. (GTAT), Horizon Pharma, Inc. (HZNP), iPath DJ-UBS Coffee TR Sub-Idx ETN (JO), Motorcar Parts of America Inc. (MPAA), Micron Technology Inc. (MU), Aratana Therapeutics, Inc. (PETX), Primo Water Corporation (PRMW), RadNet, Inc. (RDNT), and Sarepta Therapeutics, Inc. (SRPT).