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.
Aptevo Therapeutics Inc. (APVO) on a breakaway out of big wedge on Thursday, popped 8.96, or 55.8%, after reaching a session high of 11.34, on 31 million shares traded, and 39 cents in after-hours. That’s the biggest volume I’ve ever seen on this stock. If you look at it as drawing a line across the lows, then look at the action prior to today, you can see how it formed a big wedge. There’s a double-top, and when it gapped above the double-top, it went right through the spike, and even went through the triple-top from Sept. This stock shows powerful potential. Let’s watch this one going forward for some energy or some consolidation. If it does make that move, the target is 14.
Ekso Bionics Holdings, Inc. (EKSO) had a monster day on Thursday, with a huge 123 million shares traded, and jumped 4.20, or 135.32%, to 7.30, with a session high of 8.76, and a whopping 2.99 in after-hours. At one point, it got up to 11.20 and pulled back and got down to support around 9.65. Watch this stock on Friday because my targets are 11, 12, and then something around 13. The long-term chart shows a breakout of a long-term downtrend and a base pattern that exploded with a major breakaway gap. You could see something around the Oct high which got to 11.70.
Farfetch Limited (FTCH), luxury fashion industry, broke out of an ascending bull wedge or coil, on Thursday, and advanced to 2.88, or 10.4%, to 17.75 after reaching a session high of 17.95, on a solid 13.5 million shares traded and 45 cents in after-hours. OBV is rising to a new high. I think it will get to 19, and then the 22-23 range.
Ocean Bio-Chem, Inc. (OBCI) was very thinly traded on Thursday, trading almost a million shares. The long-term trend shows this as a massive breakout to all-time and session highs of 16.14. It jumped 4.39, or 39%, closed at the upper end of the range at 15.61, on 986,113 shares traded. It’s extended so it may need to pull back. It has tripled in a week and a half.
PaySign, Inc. (PAYS) broke out of a coil on Thursday, through the declining topsline and gained 2.87, or 37.13, to 10.60, with a session high of 10.93, on a whopping 10.2 million shares traded, and 15 cents in after-hours. I think it’s headed to test the 12 1/2 range. Eventually it might get up to the 17-18 area.
Rite Aid Corporation (RAD) broke out on Thursday and popped 3.42, or 26 1/2%, to 16.29 with a session high of 16.66, on 28.6 million shares traded, and 11 cents in after-hours. My near-term target is 19 1/2, and then 23.
On the short side, stocks included Aptevo Therapeutics Inc. (APVO), Brainstorm Cell Therapeutics Inc. (BCLI), Cardiff Oncology, Inc. (CRDF) CytoDyn Inc. (CYDY), Ekso Bionics Holdings, Inc. (EKSO), Farfetch Limited (FTCH), Inovio Pharmaceuticals, Inc. (INO), Limelight Networks, Inc. (LLNW), Maxar Technologies Inc. (MAXR), Mersana Therapeutics, Inc. (MRSN), Novavax, Inc. (NVAX), Ocean Bio-Chem, Inc. (OBCI), PaySign, Inc. (PAYS), Rite Aid Corporation (RAD), Repay Holdings Corporation (RPAY), Tortoise Acquisition Corp. (SHLL), Urban One, Inc. (UONE), Vaxart, Inc. (VXRT), Wrap Technologies, Inc. (WRTC), and Zynex, Inc. (ZYXI).