AMBA, CPS, LUNA, OPRX, UTZ -- Stock Charts to Watch

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AMBA, CPS, LUNA, OPRX, UTZ -- Stock Charts to Watch

Charts of the Day video for Thursday December 3rd, 2020

Ambarella, Inc. (AMBA), which we put a swing on at 83.63 with a target of 89.90-.95, on Thursday jumped 2.81, or 3.28%, to 88.49, with a session high of 90.15, on 1.9 million shares traded. You can see, the first target was met already. The next target is at 95.00. Beyond that, this might be a 100-dollar stock at the rate the momentum is going. It is extended short term, so keep an eye on it.

Cooper-Standard Holdings Inc. (CPS), which we were fortunate enough to give you on November 6 at 24.40, had targets of 27.00 and 30.00. We raised them to 35.00 and 39.00 and reached both targets. On Wednesday, it moved up 1.84, or 5.05%, to 38.25, with a session high of 38.83, on 170,299 shares traded. We may need to raise these targets, because right now it looks like 48 and maybe 53 are the next targets.

Luna Innovations Incorporated (LUNA) is looking really well. On Thursday, it popped 24 cents, or 2.47%, to 9.95, with a session high of 10.12, on 312,551 shares traded. This stock was put out on November 10 at 7.54, with targets of 11.00 and 13.75. It didn’t quite get to 11.00, but got to 10.82, and then backed off. Still, I am looking for 13.50-.75 as the next target. I would like to see it hold 9.00, though, on a pullback.

OptimizeRx Corporation (OPRX) had a big day on Wednesday, up 2.50, or 9.74%, to 28.18, with a session high of 28.87, on 535,701 shares traded, and in after-hours it moved up another 1.81 to a new, all-time high at 29.99. You can see that it popped out, pulled back, and then ran up sharply. The top of the channel says this could be 31-32.00 short term.

Utz Brands, Inc. (UTZ) on Wednesday gained 66 cents, or 3.51%, to 19.49, with a session high of 19.56, on 621,571 shares traded. After I saw the pop-coil, pop-flag, I decided that if that breaks it up we’re going long. It was a swing trade November 12 at 18.60. The next targets are 22.00 and 25.00.

On the long side, stocks included Ambarella, Inc. (AMBA), AquaBounty Technologies, Inc. (AQB), AXT, Inc. (AXTI), Celsius Holdings, Inc. (CELH), Cooper-Standard Holdings Inc. (CPS), Ceragon Networks Ltd. (CRNT), Greenland Technologies Holding Corporation (GTEC), Innodata Inc. (INOD), Inspired Entertainment, Inc. (INSE), Livent Corporation (LTHM), Luna Innovations Incorporated (LUNA), Nano-X Imaging Ltd. (NNOX), OncoSec Medical Incorporated (ONCS), OptimizeRx Corporation (OPRX), U.S. Silica Holdings, Inc. (SLCA), ReneSola Ltd (SOL), Sonos, Inc. (SONO), Stratasys Ltd. (SSYS), Team, Inc. (TISI), Utz Brands, Inc. (UTZ), and YRC Worldwide Inc. (YRCW).