These are the Charts of the Day. It was another sloppy day on Wall Street, but a great day in TheTechTrader.com trading room. A lot of our swing trades and day trades did well. Let’s go over those as well as some of the other ones that look really good.
Real Goods Solar, Inc. (RGSE) had an excellent day on Monday. It had a 3-day run to resistance on low volume, pulled back, and then on Monday, it popped 1.08, or 24 1/2%, on 7.8 million shares. it went from 3.85 to 5.25, and closed at 5.23, just pennies off the high. Look for something up around 7.00 short-term.
Rosetta Genomics, Ltd. (ROSG) has finally broken out. It has been in a long down trend, moved into the lateral price-resistance zone, and then had an explosive move with big volume in the last couple sessions. Thursday and Friday, it came down, and on Monday, it went from 5.15 to 6.48, before pulling back to 6.11, up 86 cents, or 16%, on 1.9 million shares. That’s the second biggest volume since Jan. It appears to be at the top of the channel, and has the potential to break out on heavy volume. There’s a lot of resistance in the 6.22 zone. The next target is somewhere around 7-7.15.
Revolution Lighting Technologies, Inc. (RVLT) had an excellent day on Monday. We have been waiting for months for this to break out. Let’s not forget the 5-wave move, then it was well under consolidation, and since July this stock has been going sideways. It popped and pulled back several times before the break out. It was up 60 cents, or 18%, on 8.7 million shares. That’s the biggest volume since Oct. It gapped and ran on Monday, didn’t look great, but we’ll take it just the same. Look for a follow-through that test 4.70 short-term, and then 5.50 is the secondary target. After that it's off to the races.
UQM Technologies Inc. (UQM) had a beautiful day on Monday. It broke out across double tops, with a big spike up 81 cents, or 41%, on 6.3 million shares. That’s the biggest volume this stock has ever had. With the long-term channel in play, it looks like a little bit of a follow-through to 3.90.
Other stocks on Harry’s Charts of the Day are Adept Technology Inc. (ADEP), aon, Plug Power Inc. (PLUG), Hydrogenics Corporation (HYGS), National Bank of Greece SA (NBG), Arotech Corporation (ARTX), Arrowhead Research Corp. (ARWR), Retrophin, Inc. (RTRX), Regado Biosciences, Inc. (RGDO), Federal National Mortgage Association (FNMA), GW Pharmaceuticals (GWPH), Ballard Power Systems Inc. (BLDP), ZBB Energy Corporation (ZBB), Arotech Corporation (ARTX), Himax Technologies, Inc. (HIMX), Infosonics Corp. (IFON), IntelliPharmaCeutics International Inc. (IPCI), Ohr Pharmaceutical, Inc. (OHRP), Ocean Power Technologies, Inc. (OPTT), and WMI Holdings Corp. (WMIH).