Charts of the Day Video by Harry Boxer https://www.thetechtrader.com/chartsoftheday/ Harry's Charts of the Day video presentation. en-us 2019-06-19 20:30:13 2019-06-19 20:30:13 info@thetechtrader.com (Harry Boxer) https://www.thetechtrader.com/images/harrypic.jpg 110 137 Charts of the Day Video by Harry Boxer https://www.thetechtrader.com/chartsoftheday/ AXSM, MAXR, MX, TLRY, WGO, ZYNE It was a pretty good day on Wall Street on Wednesday and a great trading session. There are a lot of stocks to discuss here, including swing trades from recent weeks, which I usually discuss on Wednesday evenings. So, let’s get after it.

Axsome Therapeutics, Inc. (AXSM) is a swing trade from back in Jan. It exploded, pulled back, and I gave you a buy on it around 6.85. Now, it’s in the mid 20’s, a 300% gain since Jan, and it’s still going. On Wednesday, it was up 53 cents, or 2.19%, to 24.78, on 1.2 million shares. My current target is around the 33-34 zone and support around 19 1/2.

Maxar Technologies Inc. (MAXR), also a swing trade, formed a beautiful inverse head-and-shoulder-type base pattern. It pulled back and then broke right back out again four days in a row, and on Wednesday, it popped 28 cents, or 4%, to 7.37, on 1.75 million shares. I’m looking for 8 3/4, 101/2, and then, eventually, on a mid-term basis, 14 and 15.

MagnaChip Semiconductor Corporation (MX), another swing trade, jumped 32 cents, or 3%, to 10.63, on 453,781 shares traded on Wednesday. After popping I put a swing trade on it. There’s consolidation near resistance up around 10 1/2-3/4. Wednesday’s high at 10.87 was a slight breakout. I’m looking for momentum to take it up to 11 3/4, 13, and potentially 15 at one point.

Tilray, Inc. (TLRY), one of my favorite cannabis stocks, made a significant move, I think, on Wednesday, jumping 4.42, or 11%, to 45.47, on 2.6 million shares. It has a major, one-year-long declining topsline, and any move through here, this stock could really start to move. There’s some resistance at 50, but my target is at 53 1/2 and 63, at some point.

Winnebago Industries, Inc. (WGO) was up another 1.43, or 3.7%, to 40.00, on 2.4 million shares. That’s the biggest volume since Dec. On a breakout day that’s significant. Its technicals look like it could move into the high 40’s, maybe 45-50 over the next couple weeks.

Zynerba Pharmaceuticals, Inc. (ZYNE), a former swing, still looks good. It exploded, pulled back nicely to the trendline, and then popped and formed a little flag. On Wednesday, it popped above the flag, gaining just 11 cents, to 13.90, on 3.2 million shares, and then closed back down into it. I think this stock is headed to 17, 20, and 23 on a short-term basis.

Stocks on the long side included ABM Industries Incorporated (ABM), Akorn, Inc. (AKRX), Amyris, Inc. (AMRS), Axsome Therapeutics, Inc. (AXSM), Corindus Vascular Robotics, Inc. (CVRS), eHealth, Inc. (EHTH), HUYA Inc. (HUYA), Akerna (KERN), Maxar Technologies Inc. (MAXR), Melinta Therapeutics, Inc. (MLNT), MagnaChip Semiconductor Corporation (MX), Napco Security Technologies, Inc. (NSSC), Pieris Pharmaceuticals, Inc. (PIRS), Qudian Inc. (QD), Revilve Group (RVLV), Tilray, Inc. (TLRY), Uber Technologies, Inc. (UBER), Vericel Corporation (VCEL), Vuzix Corporation (VUZI), Winnebago Industries, Inc. (WGO), United States Steel Corporation (X), Zynex, Inc. (ZYXI).

]]>
https://www.thetechtrader.com/chartsoftheday/AXSM-MAXR-MX-TLRY-WGO-ZYNE-201906192406.html 2019-06-19 20:30:13 https://www.thetechtrader.com/chartsoftheday/AXSM-MAXR-MX-TLRY-WGO-ZYNE-201906192406.html
ARWR, AZN, GTHX, IOVA, NKTR, PINS, RUN Arrowhead Pharmaceuticals, Inc. (ARWR) had a breakout of a 6-day flag on Tuesday with a breakaway gap, popping 1.44, or 5.44%, to 27.89, on 2.1 million shares. It looks like it’s on its way to 31-32. Those are my next targets.

AstraZeneca PLC (AZN), on positive drug news on Tuesday, popped 97 cents, or 2.43%, to 40.95, on 3.1 million shares. We’ll see if that follows through. Targets are at the gap at 41.50, and then the highs at 43.30.

G1 Therapeutics, Inc. (GTHX) popped and had a big breakaway of 4.75, or 24%, to 24.50, on 2.3 million shares. That’s the biggest volume since Dec when it bottomed. To me, Tuesday was a breakout day. It’s headed for 30 and 36.

Iovance Biotherapeutics, Inc. (IOVA) continues to push forward, advancing another 45 cents, or 2%, to 22.40, on 2.1 million shares. It’s at the tail end of a multiple wave, so be careful.

Nektar Therapeutics (NKTR) is building a nice-little mini base after a long drop. It popped and pulled back, popped and pulled back, and on Tuesday, it popped again, jumping 1.47, or 4.36%, to 35.17, on 942,101 shares traded. I need this stock to get through the double-top at 35.80, and then it can run to 38 3/4 and 40.

Pinterest, Inc. (PINS) exploded after the IPO in April, pulled down sharply, broke out again and retested, and is moving yet again, on Tuesday gaining 95 cents, or 3.4%, to 28.80, on 1.6 million shares. Targeting about 31, and if it gets through that, then 33 3/4-34 going forward.

Sunrun Inc. (RUN), another one of the solar stocks we follow, broke out of an inverse head-and-shoulders, with an up-sloping neckline, but it pointed to lateral resistance first, formed a double top, and popped 1.18, or 6.9%, to 18.27, on 4.1 million shares. It’s headed probably to 20, maybe 21.

Stocks on the long side included Arrowhead Pharmaceuticals, Inc. (ARWR), AstraZeneca PLC (AZN), Beyond Meat, Inc. (BYND), CRISPR Therapeutics AG (CRSP), First Solar, Inc. (FSLR), G1 Therapeutics, Inc. (GTHX), HUYA Inc. (HUYA), Iovance Biotherapeutics, Inc. (IOVA), Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG), Direxion Daily S&P Biotech Bull 3X ETF (LABU), Momo Inc. (MOMO), Nektar Therapeutics (NKTR), Direxion Daily Gold Miners Bull 3X ETF (NUGT), PhaseBio Pharmaceuticals, Inc. (PHAS), Impinj, Inc. (PI), Pinterest, Inc. (PINS), RingCentral, Inc. (RNG), Sunrun Inc. (RUN), SolarEdge Technologies, Inc. (SEDG), VanEck Vectors Semiconductor ETF (SMH), Snap Inc. (SNAP), Soliton, Inc. (SOLY), SunPower Corporation (SPWR), Guggenheim Solar ETF (TAN), ViewRay, Inc. (VRAY), Vivint Solar, Inc. (VSLR), Voyager Therapeutics, Inc. (VYGR), Intrexon Corporation (XON), and Zynerba Pharmaceuticals, Inc. (ZYNE).

]]>
https://www.thetechtrader.com/chartsoftheday/ARWR-AZN-GTHX-IOVA-NKTR-PINS-RUN-201906182405.html 2019-06-18 19:50:12 https://www.thetechtrader.com/chartsoftheday/ARWR-AZN-GTHX-IOVA-NKTR-PINS-RUN-201906182405.html
ACM, CRSP, FOLD, IOVA, LK, QURE it was an interesting day on Wall Street on Monday. A lot of stocks we follow ran, and the market had a wonderful day. It was a kind of bullish consolidation day. So, let’s take a look at a few we highlighted here.

AECOM (ACM), which is a large infrastructure firm, has been in a downtrend since the beginning of 2018, having dropped from 40 down to 25, and then at the end of Dec, it formed a V-bottom, platformed, ramped up in multiple waves up, and then made a breakaway move, spiking 1.77, or 5.3%, to 35.17, on 2.8 million shares. The key to Monday’s breakaway action is big volume through key resistance, and through the neckline. It looks like now, with an inverse head-and-shoulders, it could lead to 37 1/2, and then 40. Those are my targets.

CRISPR Therapeutics AG (CRSP), one of our swing trades, popped out of the wedge we were looking at the past week, did a 3.80 advance on 8% to 47.07, on nearly a million shares on Monday. It looks like the inverse head-and-shoulders-type basing pattern is completed. The next targets are 54, 60, and 67.

Amicus Therapeutics, Inc. (FOLD) looks like it has a V-bottom with a right hand extended, it held, and then on Monday it had a gain of 71 cents, or 6.26%, to 12.06, on 3.5 million shares. It’s picking up volume and looks like it may try to make a move. If it gets above 12.35-.40, it may run as high as 13 3/4 and 14, or better.

Iovance Biotherapeutics, Inc. (IOVA) continues to pop. I gave you a buy, it pulled back and coiled for six weeks, and then exploded and has been ramping ever since, running 2.85, or 15%, to 21.95, on 3.8 million shares on Monday. The all-time high, for me, is 18, and Monday’s high was 22. I think it has more to go, but you have to be careful in here, because the angle of ascent is so steep that at any point it could pull back, but my target is in the mid 20’s.

Luckin Coffee Inc. (LK), a good Chinese growth coffee, and recent IPO, with a V-bottom, and a plunge, exploded for two days now. On Monday it was up 1.94 or 10%, to 21.17, on 7.9 million shares. Look for this to extend to 22.90. If it gets through that, we’ll look for a retest of the high at 26, or better.

uniQure N.V. (QURE) popped out and broke out and ran 8.59, or 12%, to 81.14, on 3.4 million shares on Monday. The volume hasn’t been this big since Feb when it exploded. I think it will go higher. My targets are 100, and then 112.

Stocks on the long side included AECOM (ACM), ArQule, Inc. (ARQL), Beyond Meat, Inc. (BYND), CRISPR Therapeutics AG (CRSP), Amicus Therapeutics, Inc. (FOLD), Bitcoin Investment Trust (GBTC), Incyte Corporation (INCY), Iovance Biotherapeutics, Inc. (IOVA), Intra-Cellular Therapies, Inc. (ITCI), Keurig Dr Pepper Inc. (KDP), the Direxion Daily S&P Biotech Bull 3X ETF (LABU), Luckin Coffee Inc. (LK), Lyft, Inc. (LYFT), MoneyGram International, Inc. (MGI), Mimecast Limited (MIME), Mirati Therapeutics, Inc. (MRTX), uniQure N.V. (QURE), REGENXBIO Inc. (RGNX), Syndax Pharmaceuticals, Inc. (SNDX), Soliton, Inc. (SOLY), UP Fintech Holding Limited (TIGR), Voyager Therapeutics, Inc. (VYGR), Intrexon Corporation (XON), and ZIOPHARM Oncology, Inc. (ZIOP).

]]>
https://www.thetechtrader.com/chartsoftheday/ACM-CRSP-FOLD-IOVA-LK-QURE-201906172404.html 2019-06-17 18:45:11 https://www.thetechtrader.com/chartsoftheday/ACM-CRSP-FOLD-IOVA-LK-QURE-201906172404.html
Harry's Weekend Video - June 15, 2019 https://www.thetechtrader.com/chartsoftheday/Harrys-Weekend-Video-June-201906142403.html 2019-06-14 19:40:24 https://www.thetechtrader.com/chartsoftheday/Harrys-Weekend-Video-June-201906142403.html FSLR, PAYS, SEDG, SPWR, STNG, TLRA Solar stocks are emerging, First Solar, Inc. (FSLR) popped out of a wedge a couple weeks ago, ran up and pulled back sharply on Wednesday, but Thursday was an inside day Still, it gained 2.27, or 3.79%, to 62.15, on 1.5 million shares.

PaySign, Inc. (PAYS) is one of my new stocks of late and a top pick at IBD. It popped on Thursday out of a 3-day flag, advancing 65 cents, or 5.46%, to 12.55, on 2.3 million shares. That’s the biggest volume since Feb. Looking for it to make a quick move toward 15.

SolarEdge Technologies, Inc. (SEDG), which I put a swing on when it broke out and pulled back, still looks great. It jumped 3.06, or 5.58%, to 57.88, on 531,616 shares traded. It moved from about 50 to 58. Right now, it’s at resistance. If it can get up through the double-top from June-July, then look for it to get to 65. That’s the next target.

SunPower Corporation (SPWR), the second largest solar stock in the world, was up 50 cents, or 6.28%, to 8.46, on 2.8 million shares. It looks like it’s poised to pop through 8.60 and run. The next target is 10.

Scorpio Tankers Inc. (STNG) is a shipping group. I put a swing on it when it broke out and ran right to the target, pulled back and held three times, and then reversed for 2.05, or 8.66%, to 25.71, on a million shares. The volume picked up a little bit. If this one gets going and gets to 26, you could see 29, and then 32 1/2 next.

Telaria, Inc. (TLRA), a small software application stock, which popped in Feb, pulled back for a coil, I put a swing on it, a very good one, and this stock nearly doubled. It pulled back to support, and created a new trendline, ramped up for five days in row, and on Thursday, it popped 37 cents, or 4.68%, to 8.28, on 756,451 shares traded. I’m looking for a quick test of 9.20, and then a test, perhaps, around 11.

Stocks on the long side included Audentes Therapeutics, Inc. (BOLD), ContraVir Pharmaceuticals, Inc. (CTRV), CEL-SCI Corporation (CVM), First Solar, Inc. (FSLR), Sunrun Inc. (RUN), SolarEdge Technologies, Inc. (SEDG), SunPower Corporation (SPWR), Vivint Solar, Inc. (VSLR), Kodiak Sciences Inc. (KOD), Lululemon Athletica Inc. (LULU), Lyft, Inc. (LYFT), PaySign, Inc. (PAYS), Anaplan, Inc. (PLAN), Red Robin Gourmet Burgers, Inc. (RRGB), Revilve Group (RVLV), Scorpio Tankers Inc. (STNG), Telaria, Inc. (TLRA), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP), and Zynerba Pharmaceuticals, Inc. (ZYNE).

]]>
https://www.thetechtrader.com/chartsoftheday/FSLR-PAYS-SEDG-SPWR-STNG-TLRA-201906132402.html 2019-06-13 17:25:11 https://www.thetechtrader.com/chartsoftheday/FSLR-PAYS-SEDG-SPWR-STNG-TLRA-201906132402.html
ABM, BYND, CDNA, MX, RKDA, VUZI ABM Industries Incorporated (ABM) is one of our swing trades that we put out as a swing and it popped 21 cents to 39.83, on 464,873 shares traded on Wednesday, and then pulled back. All last week it consolidated. I like the look of it, and looking back a little bit further, It has been forming an inverse head-and-shoulders that could be pretty powerful. The recent spike got it to 41.34. If it can get up through that, then we’re looking at 45 as the next target.

Beyond Meat, Inc. (BYND) is getting a little out of control. It was up another 15.93, or 13%, to 141.97, on 17 million shares on Wednesday on good news from a restaurant chain. This stock had come down and plunged from 186 to 125, and then bounced back. It’s important to know that the 3-day highs, the day before the pop and two days after, is resistance. If this gets to 151, then I think it is going back up to 183. If it doesn’t, then it may plunge below 121. My next target has to be around the high 190’s.

CareDx, Inc (CDNA) is one of my top picks for the year, and was up 2.36, or 6.6%, to 38.12, on 502,685 shares traded on Wednesday. It’s been in a beautiful rising channel since it was under a dollar three years ago, and now it’s trading above 38.00. I think it’s up near its all-time high at 39 1/4, and if it gets through there, we’re looking at mid-40’s.

MagnaChip Semiconductor Corporation (MX) had a nice pop on Wednesday. It exploded 1.07, or 12%, to 9.90, on 1.5 million shares. More importantly, it broke out and pulled back. At this point, there’s resistance in the 10 1/2 range, but my targets are going to be 11 1/2 and 13.

Arcadia Biosciences, Inc. (RKDA) on Wednesday, had a nice session, popping 97 cents, or 20%, to 5.91, on 1 million shares. That’s the best volume we’ve seen in a couple of months. It popped with energy, and now I think it has a shot of moving up toward the 8-8 1/2 zone. We’ll see what happens going forward.

Vuzix Corporation (VUZI) had a nice follow-through on Wednesday, gaining just 9 cents, or 2.5%, to 3.71, on 4.6 million shares, but Wednesday’s high was way up there at 4 1/2. My day-trade target was 4.47 and it backed off. It has gone from 1.75 to 4.50, and I think it has pullback and fill. In addition, to that, there’s a big line of resistance up in that zone. Look for a pull back.

Stocks on the long side included ABM Industries Incorporated (ABM), Amyris, Inc. (AMRS), Digital Turbine, Inc. (APPS). Axsome Therapeutics, Inc. (AXSM), Beyond Meat, Inc. (BYND), CareDx, Inc (CDNA), Cronos Group Inc. (CRON), Corindus Vascular Robotics, Inc. (CVRS), VelocityShares 3x Invrs Crude Oil ETNNew (DWT), Bitcoin Investment Trust (GBTC), MagnaChip Semiconductor Corporation (MX), Neptune Technologies & Bioressources Inc. (NEPT), PCM, Inc. (PCMI), Pieris Pharmaceuticals, Inc. (PIRS), Arcadia Biosciences, Inc. (RKDA), Sea Limited (SE), SolarEdge Technologies, Inc. (SEDG), ShockWave Medical, Inc. (SWAV), Synlogic, Inc. (SYBX), Vuzix Corporation (VUZI), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP), and Zoom Video Communications, Inc. (ZM).

]]>
https://www.thetechtrader.com/chartsoftheday/ABM-BYND-CDNA-MX-RKDA-VUZI-201906122401.html 2019-06-12 19:55:11 https://www.thetechtrader.com/chartsoftheday/ABM-BYND-CDNA-MX-RKDA-VUZI-201906122401.html
CTRV, ENPH, PIRS, QD, TAL, ZYNE ContraVir Pharmaceuticals, Inc. (CTRV) has a long declining channel, but in the last week there has been a huge change of events in terms of volume. CTRV had an explosive rally-pullback, then a pop-pullback, and then, finally, on Wednesday it had an explosive move again that took it up 2.50, or 36%, to 9.50, on a monster 2.7 million shares. It exploded to as high as 14.65, before settling back to 9.50. I am looking for this stock to get back above the 14.50 range. Anything above 15-15.50, and then we’re looking at a stock that could get to the low-to-mid 20’s. Keep an eye on this one.

Enphase Energy, Inc. (ENPH) is one of the best-looking semiconductor stocks in the last year. It moved from the Sept low of about 3-3 1/4 to over 17 on Tuesday, up 88 cents, or 5.44%, to 17.07, on over 4 million shares, with a high of 17.15. It looks to me like this stock can run. The long-term channel as seen on the chart, indicates the possibility that now that it’s through resistance, it could run into the high 20’s. This is also one to keep an eye on for a potential swing trade.

Pieris Pharmaceuticals, Inc. (PIRS) was just put out as a swing trade. I love the breakout, and the pullback-flag testing support. On Wednesday, it popped a little bit, up 10 cents, or 2.44%, to 4.19, on 533,683 shares traded, with a high of 4.22. The volume is picking up, and the technicals look good. I think that once it gets past the 4.70 range, you’re looking at 5 1/2 and 6 1/2 going forward.

Qudian Inc. (QD) is also a swing trade currently in play. On Wednesday, it was up 38 cents, or 5.18%, to 7.71, on 6.5 million shares, closing just a penny off the high. The end of April it ran up to as high as 8.80, and then pulled back to 6.00. Since then, it formed a big wedge, and on Wednesday it broke out. There’s resistance above 7.71 at about 7 3/4. If it can get through that, we should see 8 1/2, and then 10.00.

TAL Education Group (TAL), one of my old swings from back in Nov, was trading at 26-27 and made it up to 39, before it pulled back. If you take a look at the pattern over the last 4-5 months, you’ll see that it is at key-key support right now in the 32-33 zone. Recently, it tested that level and broke out, Wednesday’s action took it out to key resistance at about 37 1/2, jumping 1.33, or 3.73%, to 37.00, on 4 million shares, with a high of 37.46. The volume pick-up was the best in five days. I think the next target is a retest of the May high at 39 1/2. I also think this has the potential to be in the mid 40’s.

Zynerba Pharmaceuticals, Inc. (ZYNE) was a swing of ours back in April when it broke out above 6 1/2. It worked out well by reaching both targets at 9 and 12, and even going further by reaching 16.47 back a month ago. The pullback recently tested the 50-day moving average and trendline and you can even see the snapback on Wednesday It popped 1.92, or 17%, to 13.50, on 6.8 million shares, with a high of 14.00. It looks like a breakout to me. I’m looking for a retest of the highs at 14, and the 20’s, possibly mid 20’s on an intermediate basis.

Stocks on the long side included CorMedix, Inc. (CRMD), ContraVir Pharmaceuticals, Inc. (CTRV), Enphase Energy, Inc. (ENPH), Huami Corporation (HMI), Pieris Pharmaceuticals, Inc. (PIRS), Qudian Inc. (QD), Stitch Fix, Inc. (SFIX), TAL Education Group (TAL), Telaria, Inc. (TLRA), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP), and Zynerba Pharmaceuticals, Inc. (ZYNE).

]]>
https://www.thetechtrader.com/chartsoftheday/CTRV-ENPH-PIRS-QD-TAL-ZYNE-201906112400.html 2019-06-11 21:30:11 https://www.thetechtrader.com/chartsoftheday/CTRV-ENPH-PIRS-QD-TAL-ZYNE-201906112400.html
AMD, CRON, CRSP, IOVA, PRVB, SOLY Advanced Micro Devices, Inc. (AMD) was ready to break out around the 28-29 area. I said your target is 33-34. It was up 82 cents, or 2.5%, to 33.23, on 98 million shares on Monday, and reached a high of 34.30. The next target is 36 3/4 and 40.

Cronos Group Inc. (CRON) jumped 1.45, or 8%, to 17.39, on 9.6 million shares on Monday. I put a new swing on it on Monday because it went through the 50-day moving average and declining topsline. If it will follow through at 17.70, or thereabouts, then I’m looking for 19, 22, and 25.

CRISPR Therapeutics AG (CRSP), a swing trade of ours, is looking good. It gained 1.50, or 3.5%, to 44.38, on 1 million shares. I like the look here. I think it came through the neckline of the inverse head-and-shoulders on Monday. There’s a little resistance at 47 1/4-1/2, but if it gets through there, 54 is the next target.

Iovance Biotherapeutics, Inc. (IOVA) had a beautiful follow-through on Monday, up another 82 cents, or 4.4%, to 19.93, on 2.8 million shares, and reached a high of 20.75. That’s a new, multi-year high for this stock, going all the way back to 2013. That’s a new 6-year high. It might accelerate. If it does, look for something in the mid-20’s.

Provention Bio, Inc. (PRVB) exploded on Monday on major news, backed way off, and then came on again, closing up 9.44, or 217%, to 13.79, on 26 million shares. That’s huge. I don’t think it will get below the gap at 9.44, and I’m looking for support at 9.75-10, a retest at 18, 23, and then we’ll see what’s next.

Soliton, Inc. (SOLY) may be coming out of a falling wedge. It reversed Friday, followed through on Monday, and gained 1.70, or 10%, to 17.90, on a million shares. It looks like it needs more volume. My short-term target is 20 1/2, 22, and then we’ll see if it will get higher than that.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Amyris, Inc. (AMRS), Beyond Meat, Inc. (BYND), Cronos Group Inc. (CRON), CRISPR Therapeutics AG (CRSP), Corindus Vascular Robotics, Inc. (CVRS), Daqo New Energy Corp. (DQ), Endologix, Inc. (ELGX), Iovance Biotherapeutics, Inc. (IOVA), JinkoSolar Holding Co., Ltd. (JKS), Kodiak Sciences Inc. (KOD), PaySign, Inc. (PAYS), Provention Bio, Inc. (PRVB), Qudian Inc. (QD), Soliton, Inc. (SOLY), ShockWave Medical, Inc. (SWAV), Upland Software, Inc. (UPLD), USA Technologies, Inc. (USAT), and Vivint Solar, Inc. (VSLR).

]]>
https://www.thetechtrader.com/chartsoftheday/AMD-CRON-CRSP-IOVA-PRVB-SOLY-201906102399.html 2019-06-10 21:20:10 https://www.thetechtrader.com/chartsoftheday/AMD-CRON-CRSP-IOVA-PRVB-SOLY-201906102399.html
Harry's Weekend Video - June 8, 2019 https://www.thetechtrader.com/chartsoftheday/Harrys-Weekend-Video-June-201906082398.html 2019-06-08 12:25:40 https://www.thetechtrader.com/chartsoftheday/Harrys-Weekend-Video-June-201906082398.html AMD, CDNA, IOVA, JE, LJPC, SAIC Advanced Micro Devices, Inc. (AMD) has really been running as of late, going from 26 to 32 in the last week, and a half, or so. But the key is Thursday’s action that broke out above the key trading range in the last two months. It jumped 2.32, or 8%, to 31.82, on over 131 million shares. That’s breakout volume. I think it’s going to retest the highs at 34, and then 38, 39. It’s looking real good.

CareDx, Inc (CDNA) is an old swing trade of ours, and I believe, the top pick for the year. You can see on the chart that it ran back above resistance, and on Thursday, it was up 2.34, or 7%, to 35.87, on 1.3 million shares. It’s likely that the targets are going to be 40 and 46.

Iovance Biotherapeutics, Inc. (IOVA) broke the base, popped, formed a wedge, exploded, and then formed a little wedge. It broke out, pulled back, and is really nicely moving in a rising channel, on Thursday, gaining 84 cents, or 5%, to 18.47, on 1.8 million shares. I think it’s going to see the 20-21 zone short-term.

Just Energy Group Inc. (JE), with an explosive move out of its base, breakaway gap and big volume for this stock, advanced 46 cents, or 13%, to 3.98, on 2.1 million shares on Thursday, closing at the high for the day going away. I think it’s going to test the 4 1/2-3/4 area short-term, and then blow into the 5 1/2-6 area.

La Jolla Pharmaceutical Company (LJPC), one of my old favorites, got crushed from the 40’s down to 5.00. It built a beautiful base, and on Thursday, exploded on positive drug news, taking it from 5.31 to 11.38, and snapped back 4.92, or 92 1/2%, to 10.24, on 24 million shares. It more than doubled, and although it backed and filled all day, and at the end of the day it closed nicely. I would now look for this stock to run to 14, and then maybe 16 as a secondary.

Science Applications International Corporation (SAIC) also had a breakaway pop, jumping 5.67, or 7%, to 84.95, on 1.5 million shares. That’s a breakout. The next target is 93-94.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), CareDx, Inc (CDNA), Ciena Corporation (CIEN), Comtech Telecommunications Corp. (CMTL), iCAD, Inc. (ICAD), Iovance Biotherapeutics, Inc. (IOVA), Just Energy Group Inc. (JE), La Jolla Pharmaceutical Company (LJPC), Orion Energy Systems, Inc (OESX), Anaplan, Inc. (PLAN), Science Applications International Corporation (SAIC), Snap Inc. (SNAP), and Zynex, Inc. (ZYXI).

]]>
https://www.thetechtrader.com/chartsoftheday/AMD-CDNA-IOVA-JE-LJPC-SAIC-201906062397.html 2019-06-06 19:25:11 https://www.thetechtrader.com/chartsoftheday/AMD-CDNA-IOVA-JE-LJPC-SAIC-201906062397.html