Charts of the Day Video by Harry Boxer Harry's Charts of the Day video presentation. en-us 2018-12-18 19:15:14 2018-12-18 19:15:14 (Harry Boxer) 110 137 Charts of the Day Video by Harry Boxer TLRY, MTLS, CPRT, PII Tilray, Inc. (TLRY) is one that I want to show you because it had that big 5-wave decline, and on Tuesday it snapped back ten points, jumping 10.61, or 16%, to 76.50, on 5.6 million shares. That’s the biggest volume in two months but is it enough. I think that if it gets through 86, maybe it will get to 100 again. Be careful with that one.

Materialise NV (MTLS) had a spectacular move off of the consolidation range. It’s been in that zone for two years. On Tuesday it exploded 2.72, or 17%, to 18.51, on 1.2 million shares. Where does this go on a long-term basis? The only way you could gage that move potentially is by creating parallel channels to that move, which gets it somewhere in the high 20’s. I’m not saying it’s going 10 more points, but we could, short-term, see something up in the 22-24 range.

Stocks on the Short Side…..

Copart, Inc. (CPRT) looks like it’s on the brink of a precipice of a rollover and slam-dunk, down another 23 cents, to 46.96, on 2.66 million shares on Tuesday. If it gets below 45.96 on Wednesday, or anytime in the next few days, it could come down to 42, even 39.

Polaris Industries Inc. (PII) dropped 60 cents, to 77.61, on 604,533 shares traded on Tuesday. This stock is a steady decliner. The rising wedge is broken. Five-waves down and it did touch support. It might pull in this zone, but my target remains 70.

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NBEV, GBTC, MED, MRTX New Age Beverages Corporation (NBEV) is acting well despite the fact that marijuana stocks are not doing well as a whole. There must be a deal in the making. I love the way this stock was acting on Monday in this kind of market, jumping 71 cents, or 12%, to 6.65, on 4 million shares. In after hours, it reached all the way up to 6.75, and then pulled back and consolidated. It’s still hanging tough and looks to me like if breaks out above support, it will go to 7, and then 7 1/4-1/2.

Bitcoin Investment Trust (GBTC), with a 5-wave advance, had a blow-off on Monday, and now it has a long decline down. It has taken it from 38 to 3, and change. That’s more than 90% down. Monday was an usual day for this stock. It was a lousy market, yet up 51 cents, or 13%, to 4.35, on 3.8 million shares. That’s the biggest volume on an up-day since last July. It could be in the middle of a move, so keep an eye on it.

Stocks on the Short Side….

Medifast, Inc. (MED) is a techtrader swing that is acting well, down another 6.69, or 5%, to 126.65. on 366,675 shares traded. It broke a wedge and is drifting lower. At this point, it may accelerate lower. Get to and fill the gap at 112.

Mirati Therapeutics, Inc. (MRTX) formed a rising wedge right to the trend line and looks like it reversed on Monday on an engulfing bearish bar, dropping another 64 cents, or 2%, to 39.74, on 628,612 shares traded. If the rising wedge breaks, it could lead to a nasty decline to the low 40’s.

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2018-12-15 14:10:32 2018-12-15 14:10:32 2018-12-13 19:15:13 2018-12-13 19:15:13 ABX, AGTC, PRQR, TAL Barrick Gold Corporation (ABX) was up 42 cents, or 3%, or 14.02, on 1.5 million shares. It was on a multi-month high. In fact, it’s the highest number since February. It’s already taken out the declining topsline, consolidated, broke out of this little mini-base, and is moving up. For me, I’m looking for 15 and 18.

Applied Genetic Technologies Corporation (AGTC) is moving. The base, break, and pullback, 3-wave corrective, pulled right back to the prior highs, with a snapback, pullback, and then on Wednesday it popped 45 cents, or 7.4%, to 6.56, on 243,400 shares traded. This is the best volume in a couple months. I’m looking for a test of 7 1/2, 8 1/2, and eventually 10. It’s a nice long-term pattern.

ProQR Therapeutics N.V. (PRQR) swing trade has been drifting for weeks now. On Wednesday, it popped 1.32, or 7.7%, to 18.50, 496,700 shares traded. If it manages to come out at the 22 and 24 range. Beyond that, we could see 30-bucks.

TAL Education Group (TAL) swing trade had a little pop on Wednesday of 1.32, 5%, to 28.12, on 4.8 million shares. Notice how it held support twice, and the 50-day moving average. Anytime we have a stock that comes down in multiple waves, and then breaks out, watch the consolidation that follows. Moving averages, which are crossed over now, and have held, particularly the 50. So what I’m looking for is a run to 30, 33, 35, etc. Stocks on the long side included

AngloGold Ashanti Limited (AU), Barrick Gold Corporation (ABX), Kirkland Lake Gold Ltd. (KL), Applied Genetic Technologies Corporation (AGTC), Arrowhead Pharmaceuticals, Inc. (ARWR), Arsanis, Inc. (ASNS), Athenex, Inc. (ATNX), BioScrip, Inc. (BIOS), VelocityShares 3x Inv Natural Gas ETN (DGAZ), EVERTEC, Inc. (EVTC), Exelixis, Inc. (EXEL), LifeVantage Corporation (LFVN), MongoDB, Inc. (MDB), Match Group, Inc. (MTCH), New Age Beverages Corporation (NBEV), ProQR Therapeutics N.V. (PRQR), TAL Education Group (TAL), Twitter, Inc. (TWTR), and Uxin Limited (UXIN).

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ACB, NBEV, CORT, TWTR Aurora Cannabis Inc. (ACB) popped 26 cents or 4%, to 6.19, on 8.9 million shares on Tuesday. With new progress in Canada, in addition to Farm Bill prospects, this stock is moving. What we’re seeing on this chart on an hourly basis is a big down trend, a little left shoulder, head, southern climax, right shoulder, stopping right at the neckline. It’s targeting 6 3/4, 7 3/4, 8 1/4 before it gets into bigger resistance.

Benefitfocus, Inc. (BNFT) has a very positive chart. Look at the long-term. It’s the best we’ve seen in 4 1/2-5 years. It jumped another 1.58, or 3%, to 54.55 on Tuesday. Going forward from that and I could see 60.

Twitter, Inc. (TWTR) had a good day on Tuesday, jumping 2.26, or 7%, to 36.72, on nearly 20 million shares. It got right up to resistance and backed off. I want to point out that there’s resistance right in this area at about the 36 zone. If you get through that, you’ll test the gap, a big one at 37 1/2, and then we’re looking at a gap fill at 41. Targets are 37 1/2 and 41 going forward. It’s moving across the declining topsline as well.

Uxin Limited (UXIN) has been on a tear lately, 4 days in a row it’s been up huge, going from under 3 to over 6, doubling. On Tuesday, it was up 1.76, or 30%, to 7.64, on 13 million shares. That thrust with huge volume, tells me that we are not done yet. I’m looking for a move to 7-7 1/4 on this one. If it pulls back and consolidates in that zone, then I'm looking for soething better off near 9.

Stocks on the long side included Aurora Cannabis Inc. (ACB), Aphria Inc. (APHA), Canopy Growth Corporation (CGC), New Age Beverages Corporation (NBEV), Corcept Therapeutics Incorporated (CORT), Glu Mobile Inc. (GLUU), Imprimis Pharmaceuticals, Inc. (IMMY), PolarityTE, Inc. (PTE), Twitter, Inc. (TWTR), Advanced Micro Devices, Inc. (AMD) Uxin Limited (UXIN).

On the short side, stocks included Axon Enterprise, Inc. (AAXN), Adient plc (ADNT), American Eagle Outfitters, Inc. (AEO), Daqo New Energy Corp. (DQ), IntriCon Corporation (IIN), IRadimed Corporation (IRMD), MGP Ingredients, Inc. (MGPI), Polaris Industries Inc. (PII), PVH Corp. (PVH), Shutterfly, Inc. (SFLY), Tailored Brands, Inc. (TLRD), and Weight Watchers International, Inc. (WTW).

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2018-12-08 14:30:33 2018-12-08 14:30:33 AAXN, DQ, IIN, PII, SFLY, VICR Axon Enterprise, Inc. (AAXN), formerly TASR, had a big drop in July, formed a rising wedge before it collapsed, double-topped, and rolled over, going from 75 to 42, it bounced, and on Tuesday it reversed and dropped another 1.54, or 3.4%, to 43.64, on 948,586 shares traded. This was one of the worst closes since May. It does have some downside support at 41, and if it gets ugly, we could see 37.

Daqo New Energy Corp. (DQ) formed a bear flag back in June, rolled over from the mid 40’s to the low 20’s, bounced around and formed a big wedge, and on Tuesday, it was down 1.53, or 5.77%, to 24.97, on 138,245 shares traded. If it breaks down look for 21, and 18 are targets.

IntriCon Corporation (IIN) dropped 1.00, or 2.83%, to 34.34, on 261,414 shares traded. The top on this was just too compelling. I gave the short around 52, it made it down to around 31, formed a bear flag, and on Tuesday it had a nasty reversal bar, after spiking up right to the channel top, it reversed and closed with a loss for the day. That’s what we call an engulfing bearish bar. I can see this going to at least 31, and it wouldn’t shock me if it went to the mid 20’s.

Polaris Industries Inc. (PII) we put out as a swing not too long ago. It broke support, and then rallied right back to it. It fell hard on Tuesday, dropping another 9.99, or 10%, to 91.63 from 101.62, on 719,606 shares traded. This one looks like it’s headed to 79-80.

Shutterfly, Inc. (SFLY) is getting slammed dunked and hard. This stock has come from June’s high of over 100, to Tuesday’s low of under 48.00, dropping another 2.15, or 4.33%, to 47.53, on 1.1 million shares. I would not be shocked if it makes a dive into the low 40’s

Vicor Corporation (VICR) was first a nice long stock that we had, and now it’s a short. Two obvious bear flags in the last six weeks tell me that it’s going lower. On Tuesday it was down another 3.13, or 8%, to 35.34, on 371,391 shares traded. Targets are 28, 24, and eventually 21.

On the short side, stocks included Axon Enterprise, Inc. (AAXN), AxoGen, Inc. (AXGN), TopBuild Corp. (BLD), Copart, Inc. (CPRT), CRISPR Therapeutics AG (CRSP), Cutera, Inc. (CUTR), Daqo New Energy Corp. (DQ), Electronic Arts Inc. (EA), Fortinet, Inc. (FTNT), GrubHub Inc. (GRUB), Installed Building Products, Inc. (IBP), IntriCon Corporation (IIN), IRadimed Corporation (IRMD), Intuitive Surgical, Inc. (ISRG), Medifast, Inc. (MED), Norbord Inc. (OSB), Polaris Industries Inc. (PII), PTC Inc. (PTC), PVH Corp. (PVH), Shutterfly, Inc. (SFLY), and Vicor Corporation (VICR).

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AMSC, EXEL, TAL, VNDA American Superconductor Corporation (AMSC), a current swing of ours, has been phenomenal, up seven day, and again on Monday, popping 77 cents, or 7.7%, to 10.77, on 428,547 shares traded. It formed a wedge, held support, reversed, and on Monday, it reached my target. If it backs and fills, and sets up again, we could see more upside. The secondary target is 12 1/4.

Exelixis, Inc. (EXEL) continues to break out after the breakaway gap and retest, from the reverse head-and-shoulders or extended V. Over the last three weeks it has moved from 15 1/2 to 21 ½, and I think we’re going to see a quick test of 22 fairly soon. If it gets through that, my target is 25-26.

TAL Education Group (TAL) jumped 1.38, or 5%, to 29.45, on 6.6 million shares. I put a swing on it on Monday because, when I see a declining channel, a breakout, moving averages crossing over, it consolidates, and then breakouts, that’s my buy point. Watch in the next few days going forward, it will get through 30-40. My targets are 35-40 going forward.

Vanda Pharmaceuticals Inc. (VNDA) had a spectacular day on Monday on good drug results, jumping 6.43, or 26%, to 31.47, on 3.9 million shares. That was a major breakout for this stock. It ran through support and the all-time high level from back in 2007 on its way to a spike up at 33.40. There’s resistance here, and if it follows through here, I could see this stock in the high 30’s.

Stocks on the long side included Ambarella, Inc. (AMBA), Advanced Micro Devices, Inc. (AMD), American Superconductor Corporation (AMSC), Apellis Pharmaceuticals, Inc. (APLS), argenx SE (ARGX), AudioCodes Ltd. (AUDC), Biohaven Pharmaceutical Holding Company Ltd. (BHVN), CareDx, Inc (CDNA), Coupa Software Incorporated (COUP), Etsy, Inc. (ETSY), Exact Sciences Corporation (EXAS), Exelixis, Inc. (EXEL), Fate Therapeutics, Inc. (FATE), First Solar, Inc. (FSLR), Global Blood Therapeutics, Inc. (GBT), Direxion Daily S&P Biotech Bull 3X ETF (LABU), RiceBran Technologies (RIBT), TAL Education Group (TAL), Vericel Corporation (VCEL), Veracyte, Inc. (VCYT), Vanda Pharmaceuticals Inc. (VNDA), and Xilinx, Inc. (XLNX).

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