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Advanced Micro Devices, Inc. (AMD) is an example of the perfect stock that has been beautiful for us. It has gone from 3.00 to 97 in the last few years. In 2016 it was actually under 2.00. But, after breaking out of a corrective coil, it popped, flagged, and on Tuesday, it broke out of that, with a move up of 2.34, or 2.47%, to 97.12, and a session high of 97.98, on 57.3 million shares traded. The OBV tells me that this stock wants to go higher to 102-103, maybe more. The secondary target is at 112.
Beam Global (BEEM), in the solar sector, has been running. It broke out of an ascending bull wedge on Tuesday and gained 4.50, or 13.31%, to 38.30, with a session high of 38.87, on 761,722 shares traded. To me, it looks like it is headed to a minimum of 47-8 and may go up as high as the low-60’s over the next few weeks.
Marathon Patent Group, Inc. (MARA), a bitcoin play, exploded after popping out on Monday, followed through on Tuesday with a beautiful move up, jumping 1.53, or 27.62%, to 7.07, not far off the session high at 7.16, on 39 million shares traded. I think it will go higher. I am looking for this stock to make a move into double digits.
Sunnova Energy International Inc. (NOVA) broke out of a wedge on Tuesday and jumped 4.38, or 11.35%, to 42.97, with a session high of 44.00, on 2.6 million shares traded. Once it gets up through 44, I am looking for this stock to make it into the low 50’s, and then the low 60’s.
Plug Power Inc. (PLUG) popped out of a 4-day wedge on Tuesday and ran up 2.77, or 10.78%, to 28.47, with a session high of 29.31, on 50 million shares traded. If it gets through here, I am looking for a move to 33, and then high 30’s, low 40’s.
On the long side, stocks included Advanced Micro Devices, Inc. (AMD), Arvinas, Inc. (ARVN), AXT, Inc. (AXTI), BioCardia, Inc. (BCDA), Beam Global (BEEM), Calix, Inc. (CALX), Canadian Solar Inc. (CSIQ), Chicken Soup for the Soul Entertainment, Inc. (CSSE), Daqo New Energy Corp. (DQ), Evelo Biosciences, Inc. (EVLO), hear, JinkoSolar Holding Co., Ltd. (JKS), Marathon Patent Group, Inc. (MARA), MicroVision, Inc. (MVIS), Sunnova Energy International Inc. (NOVA), Plug Power Inc. (PLUG), Polar Power, Inc. (POLA), ProPhase Labs, Inc. (PRPH), Renewable Energy Group, Inc. (REGI), Riot Blockchain, Inc. (RIOT), Retractable Technologies, Inc. (RVP), Sio Gene Therapies, Inc. (SIOX), Summit Therapeutics plc (SMMT), Sonos, Inc. (SONO), SunPower Corporation (SPWR), TG Therapeutics, Inc. (TGTX), Utz Brands, Inc. (UTZ), and Vuzix Corporation (VUZI).