Harry Boxer's Charts of the Day stock chart videos are available nightly to members of TheTechTrader. Members please login and see Charts of the Day in the "Videos" menu dropdown.
Allied Healthcare Products, Inc. (AHPI) exploded in February before pulling back over the next several weeks in a nice, orderly fashion, and then popped. When it popped, I put a swing on it. Although since then it has consolidated, popped, pulled back again, and on Thursday, it tried to pop again, gaining 1.05, or 8.76%, to 13.03, after reaching a midday session high of 14.37, on 728,188 shares traded, and then an additional 6 cents in after-hours. I think it does have designs of breaking out at 15 3/4. If it does that, it will take out moving averages, lateral price resistance, and head to 20, and then the mid 20’s.
Catasys, Inc. (CATS) was nice swing for us in late April, came down hard over the last couple weeks on a big volume selloff. It went from 27 all the way down to 18, and then on Thursday, it popped 1.23, or 6.3%, to 20.75, with a session high of 20.95, on 789,843 shares traded. Targets and resistance are 22 1/2-3, and then I’m looking at 26-27.
Eldorado Resorts, Inc. (ERI) continues to act well, although it pulled back on Wednesday, it rebounded off the trendline on Thursday, jumping 1.85, or 9%, to 22.13, with a session high of 22.63, on 9.4 million shares traded. I’m looking for a retest off the high around 25-25 1/2, and then 30. Those are my targets going forward.
Barrick Gold Corporation (GOLD), which I put a swing on Thursday, moved up 1.02, or 4%, to 27.14, with a high of 27.35, on 17.3 million shares traded. This stock is an old pick of ours from months ago when I liked the set-up of the V-bottom with a big run-up. It is now in a flag-type platform midrange. I’m targeting 33 and 38 next.
Penn National Gaming, Inc. (PENN) snapped back a little bit on an inside day on Thursday, advancing 1.18, or 7%, to 17.72, after reaching a morning high of 18.09, on 14 million shares traded. I think, if gaming stock continue, and it gets through 18 3/4, 23 and 27 are the next targets.
Slack Technologies, Inc. (WORK) with a beautiful, inverse head-and-shoulders, and an extended V-platform, broke out and has been consolidating for four or five days. On Thursday, it popped 1.46, or 4.8%, to 31.66, to a session high of 31.73, on 12.2 million shares traded, and another 10 cents in after-hours. Still, it’s in an extended flag pattern. I’m looking for higher levels. Targets are 35 and 38 next, potentially.
Stocks on the long side included Allied Healthcare Products, Inc. (AHPI), AIM ImmunoTech Inc. (AIM), Alpha Pro Tech, Ltd. (APT), Catasys, Inc. (CATS), Co-Diagnostics, Inc. (CODX), Copa Holdings, S.A. (CPA), Eldorado Resorts, Inc. (ERI), Fluidigm Corporation (FLDM), Barrick Gold Corporation (GOLD), Group 1 Automotive, Inc. (GPI), GSX Techedu Inc. (GSX), Inovio Pharmaceuticals, Inc. (INO), MEI Pharma, Inc. (MEIP), MacroGenics, Inc. (MGNX), Moderna, Inc. (MRNA), Insperity, Inc. (NSP), Penn National Gaming, Inc. (PENN), Progyny, Inc. (PGNY), Pluristem Therapeutics Inc. (PSTI), and Slack Technologies, Inc. (WORK).