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Allied Healthcare Products, Inc. (AHPI) broke out of the pattern that I was looking at on Wednesday and told you it might be a buy on Thursday. It certainly turned out to be one. If you look at the one-minute chart, you can see that it started out like a house on fire, then faded the rest of the day. But it didn’t break down. It kind of went lateral, closing up 5.25, or 26 1/2%, to 25.00, with a high of 27.81, on 1.8 million shares traded. If it ever gets above 26 1/2-3/4, it may make a momentous move. We’ll have to keep an eye on that one.
Amarin Corporation (AMRN), which provides preventative cardiovascular risk-reduction therapy, has joined others in support of public-health initiatives to combat COVID-19, made a nice move on Thursday and picked up another 1.30, or 12.71%, to 11.53, with a high of 12.44, on 12.3 million shares traded. It looks like a V-bottom and right-hand extension.
Amneal Pharmaceuticals, Inc. (AMRX), which develops and markets medicines for treatment of cardiovascular disease, also reversed on Thursday, popping 55 cents, or 21%, to 3.19, with a high of 3.28, on 4.3 million shares traded. The target for ARMX is 3 1/2. Beyond that, we might see if it extends very sharply to a move up towards 4.15. That’s another big resistance level on that one.
Uber Technologies, Inc. (UBER) had an exceptional day on Thursday. I think it left the bottom on Wednesday and ran up 5.67, or 38%, to resistance at 20.49, with a high of 21.26, on 84 million shares traded. The target is 24 3/4, if it gets any kind of an extension to the upside.
DXC Technology Company (DXC), which provides patient-centered care solutions, acted great Thursday morning and held the gains most of the day, closing up 3.16, or 34%, to 12.47, with a high of 13.30, on 7.67 million shares traded. I would be looking at 15 1/2 and 18, if it can get an extension through resistance at 12.47.
WW International, Inc. (WW) reversed on Thursday and is looking good, closing up 3.78, or 33.66%, to 15.01, with high of 15.74, on 2.7 million shares traded. Targets are 17, and maybe as high as 20 short term before it pulls back and consolidates.
Charts included S&P 500, NDX-X, DJ-20, American Airlines Group Inc. (AAL), Delta Air Lines, Inc. (DAL), Occidental Petroleum Corporation (OXY), Carnival Corporation (CCL), Allied Healthcare Products, Inc. (AHPI), Amarin Corporation (AMRN), Amneal Pharmaceuticals, Inc. (AMRX), Aramark (ARMK), Arrowhead Pharmaceuticals, Inc. (ARWR), Guess', Inc. (GES), Dave & Buster's Entertainment, Inc. (PLAY), Performance Food Group Company (PFGC), ebix, Uber Technologies, Inc. (UBER), DXC Technology Company (DXC), and WW International, Inc. (WW).