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.
Alpha Pro Tech, Ltd. (APT), which we’ve been watching for the last three weeks and has been in a very nice bullish consolidation, popped a coil on Thursday. It closed up 2.34, or 13.7%, to 19.37, with a session high of 20.60, and its volume increased dramatically to 12 million shares traded. It’s right at resistance, and if it can get through 20 1/2-3/4, we could see mid-to-high 20’s.
DraftKings Inc. (DKNG) finally broke out of its recent multi-week pullback and through lateral resistance on Thursday. It jumped 3.08, or 9.46%, to 35.64, with a session high of 36.11, on 18 million shares traded. There’s a little bit of resistance above here at 36 3/4. If it can get through that, we’re probably looking at 44.
K12 Inc. (LRN), a technology-based educational and training company, has gone vertical this week. This stock has literally gone from mid-June at 23 to a session high on Thursday of 48.75, with a move up of 4.84, or 22.2%, to 47.94, on 7.7 million shares traded. This long-term overbought and short-term overbought, and long-term channel show, for at least the last seven months, that this stock is extended. If there is any follow-through, exit this stock at the 50-52 zone.
MicroVision, Inc. (MVIS) exploded as well popping 43 cents, or 23%, to 2.33 with a session high of 2.47, on a 37.4 million shares traded. That was a huge move and it broke out of a coil. Targets going forward are 3-3.15 and 4.15.
Sonos, Inc. (SONO) broke out of a 3-week consolidation on Thursday, with a pop of 1.63, or 11%, to 16.36, after reaching a session high of 16.73, on a strong 14.3 million shares traded. If it can get through Thursday’s high, it looks like this stock might be 20-21.
On the long side, stocks included AIM ImmunoTech Inc. (AIM), Aldeyra Therapeutics, Inc. (ALDX), Alpha Pro Tech, Ltd. (APT), AudioCodes Ltd. (AUDC), Biomerica, Inc. (BMRA), Boxlight Corporation (BOXL), Ceragon Networks Ltd. (CRNT), Digital Ally, Inc. (DGLY), DraftKings Inc. (DKNG), Heat Biologics, Inc. (HTBX), K12 Inc. (LRN), MicroVision, Inc. (MVIS), Net Element, Inc. (NETE), Novavax, Inc. (NVAX), O-I Glass, Inc. (OI), Sunrun Inc. (RUN), Retractable Technologies, Inc. (RVP), Origin Agritech Limited (SEED), Sintx Technologies, Inc. (SINT), Sonos, Inc. (SONO), Virgin Galactic Holdings, Inc. (SPCE), Tiziana Life Sciences PLC (TLSA), Vaxart, Inc. (VXRT), Wrap Technologies, Inc. (WRTC), and YRC Worldwide Inc. (YRCW).