AQB, ARWR, CARA, HROW, ICAD, WKHS -- Stock Charts to Watch

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AQB, ARWR, CARA, HROW, ICAD, WKHS -- Stock Charts to Watch

Charts of the Day video for Monday July 15th, 2019

AquaBounty Technologies, Inc. (AQB) popped 45 cents on Monday, or 13%, to 3.93, on 470,362 shares traded and took out resistance at the level where it exploded in March. If it can get through 3.93, look for it to run up to 5 1/4-1/2.

Arrowhead Pharmaceuticals, Inc. (ARWR) is coming out of a coil that formed over a 6 or 7-week period, popping 65 cents, or 2.39%, to 27.80, on 641,513 shares traded on Monday. It moved up across two week’s resistance level. Next will be a test of 28.84. If that is taken out, it should reach into the low 30’s.

Cara Therapeutics, Inc. (CARA) is breaking out as well, gaining another 65 cents, or 2.39%, to 27.80, on 641,513 shares traded on Monday, reaching multi-year highs. It looks like it’s about to run up and test the spike high from 2017 at 28.50. That’s my short-term target.

Harrow Health, Inc. (HROW), one of our picks from Dec for the year, advanced on Monday, up 36 cents, or 4.7%, to 8.00, on 369,000 shares traded. After coming down in the first quarter, it’s had a beautiful run, taking it to nearly 9.00 at 8.99. At that level, with a pullback wedge, I think it will go higher. Targets are 9 3/4 and 12 1/2.

iCAD, Inc. (ICAD), one of our old swings from back in Jan, was pushed up the channel. On Monday, it climbed 37 cents, or 5.65%, to 6.92, on 291,948 shares traded. The next target is 9.00, based on the fact that if it gets through 7.30 with any energy, it’s going to fly.

Workhorse Group Inc. (WKHS) is doing very well and has now been up 8 days in a row. Monday’s popped took it up 40 cents, or 11 1/2%, to 3.89, on a solid 7.4 million shares. That’s the biggest volume in 5-6 weeks. I’m expecting a test of 5.00, and then maybe 6 1/2-3/4.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), AquaBounty Technologies, Inc. (AQB), Arrowhead Pharmaceuticals, Inc. (ARWR), Cara Therapeutics, Inc. (CARA), Crocs, Inc. (CROX), Harrow Health, Inc. (HROW), iCAD, Inc. (ICAD), Kirkland Lake Gold Ltd. (KL), Luckin Coffee Inc. (LK), Perion Network Ltd. (PERI), Provention Bio, Inc. (PRVB), Telaria, Inc. (TLRA), Twitter, Inc. (TWTR), Workhorse Group Inc. (WKHS), and Zoom Video Communications, Inc. (ZM).