Harry's Charts of the Day videos are available nightly to members. Members please login and see Charts of the Day in the "Videos" menu dropdown.
Allied Healthcare Products, Inc. (AHPI) popped, pulled back, reversed on Tuesday, and on Wednesday it followed through, jumping 1.54, or 13%, to 13.32, with a session high of 13.75, on 2.5 million shares traded. I’m expected this to make a move to about 16 1/2, even 21 near term. It depends on the volume, so we’ll see.
Alpha Pro Tech, Ltd. (APT) has gone from 9.00 earlier this month, to Wednesday’s session high of 20.60, and moved up 1.68, 9.6%, to 19.16, on 12 million shares traded. There’s a little bit of resistance at 21, but the target is 28, if it extends.
Five Prime Therapeutics, Inc. (FPRX) may be coming out of an inverse head and shoulders. It has a long downtrend that I saw go from the 50’s, all the way down to 1.80, then reverse, pulled back, and held the moving average. Right now, the angle of the shoulder line is at 4.07. It popped 1.08, or 18.4%, closing at the upper end of the range at 6.95, just 2 cents off the closing session high, on 931,704 shares traded, reaching the neckline at 6.97. It looks like it’s going to follow through to minor resistance at 7.90. Beyond that, we’re looking at an 11-dollar stock.
Ovid Therapeutics Inc. (OVID), after popping two days and pulling back, it held support, and then snapped back on Wednesday, gaining 87 cents, or 12.4%, with a session high of 8.04, on 2.6 million shares traded. I’m looking for a test of 9 1/2-3/4 going forward.
Plug Power Inc. (PLUG) had a big day on Wednesday on big volume, jumping 1.14, or 17.7%, to 7.57, with a session high of 7.81, on 86.6 million shares traded, and halfway into the day-trading range. Momentum has been up five days in a row, and eight of the last nine days. It looks like it may edge a little higher to 8-8 1/4 before pulling back.
Workhorse Group Inc. (WKHS) was a monster on Wednesday, and has absolutely ripped from under 2 1/2, to Wednesday’s session high of 10.00, a 300% run in about three weeks, or 100% a week. On Wednesday it moved up 1.56, or 22.5%, to 8.51, with a on 90.6 million shares traded and 59 cents in after-hours. Fantastic! Extended? You bet it is! 91 million shares blow off? Probably. I wouldn’t bet that it couldn’t go to 11 but be very careful.
Stocks on the Long Side included Allied Healthcare Products, Inc. (AHPI), Alpha Pro Tech, Ltd. (APT), CEL-SCI Corporation (CVM), CytoDyn Inc. (CYDY), Dynavax Technologies Corporation (DVAX), Five Prime Therapeutics, Inc. (FPRX), Genprex, Inc. (GNPX), Inovio Pharmaceuticals, Inc. (INO), Kamada Ltd. (KMDA), Lakeland Industries, Inc. (LAKE), Maxar Technologies Inc. (MAXR), Moderna, Inc. (MRNA), NantHealth, Inc. (NH), NantKwest, Inc. (NK), Novavax, Inc. (NVAX), Ovid Therapeutics Inc. (OVID), Plug Power Inc. (PLUG), Peloton Interactive, Inc. (PTON), Retractable Technologies, Inc. (RVP), Translate Bio, Inc. (TBIO), Vir Biotechnology, Inc. (VIR), Vaxart, Inc. (VXRT), and Workhorse Group Inc. (WKHS).