ACB, ONCY, SGRY, CVE, PENN, FOXF -- Stock Charts to Watch

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ACB, ONCY, SGRY, CVE, PENN, FOXF -- Stock Charts to Watch

Charts of the Day video for Monday May 18th, 2020

Aurora Cannabis Inc. (ACB) jumped 5.90, or 52.68%, to 17.10, after reaching a session high of 19.68, on 97 million shares traded, and another 1.49 to 18.58 in after-hours. After a 1 for 12 reverse split this stock has gone from 5.30 to Monday’s high at 19.68. It’s long-in-the-tooth, and overbought, but I’m looking at 22, and maybe mid 20’s as the next targets.

Oncolytics Biotech Inc. (ONCY) popped to resistance on Monday, gaining 61 cents, or 30%, to 2.66, just 4 cents off the session high at 2.70, on 7.3 million shares traded, and another 14 cents in after-hours. Watch the 2.85 zone going forward as early as tomorrow morning. If it get through that, you’re looking at 3.75 and 4.50 next.

Surgery Partners, Inc. (SGRY) popped and exploded on Monday for 2.35, or 24%, to 12.22, with a session high of 12.61, on 1.8 million shares traded. The double-top at resistance should be considered at 12.95. If gets through that, then 14 1/2 is the next target.

Cenovus Energy Inc. (CVE) is a really-neat, low-priced oil stock. It broke into cue key resistance on Monday and into the gap, popping 73 cents, or 19.68%, to 4.44, just 3 cents of the session high at 4.47, or 8 million shares traded. It could lead to 5, and then to 6 going forward.

Penn National Gaming, Inc. (PENN), another gaming stock on the list and a swing stock, made a big pop in April, pulled back, broke out and I gave you a swing on it. On Monday it popped again for 2.90, or 15%, to 22.25, with a session high of 22.80, on 19.4 million shares traded, and an additional 15 cents in after-hours. There’s resistance, but if there is a follow-through, it might see 28.

Fox Factory Holding Corp. (FOXF) popped out of a double-top, with a breakaway gap and good volume on Monday, moving up 7.56, or 13 1/2%, to 63.66, after a morning session high of 66.24, on 558,456 shares traded. I’m looking for an extension to 70-77

Stocks on the long side included Aurora Cannabis Inc. (ACB), Vir Biotechnology, Inc. (VIR), Novavax, Inc. (NVAX), Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL), Oncolytics Biotech Inc. (ONCY), Surgery Partners, Inc. (SGRY), Avis Budget Group, Inc. (CAR), Moderna, Inc. (MRNA), Eldorado Resorts, Inc. (ERI), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Cenovus Energy Inc. (CVE), Translate Bio, Inc. (TBIO), Targa Resources Corp. (TRGP), Alcoa Corporation (AA), Penn National Gaming, Inc. (PENN), Fox Factory Holding Corp. (FOXF), Sientra, Inc. (SIEN), Apache Corporation (APA), BioNTech (BNTX), Sea Limited (SE), Axovant Gene Therapies Ltd. (AXGT), Canopy Growth Corporation (CGC), Zynex, Inc. (ZYXI).