AQST, CREE, MRSN, TLND, WKHS -- Stock Charts to Watch

Harry Boxer's Charts of the Day stock chart videos are available nightly to members of TheTechTrader. Members please login and see Charts of the Day in the "Videos" menu dropdown.

AQST, CREE, MRSN, TLND, WKHS -- Stock Charts to Watch

Charts of the Day video for Thursday September 17th, 2020

Aquestive Therapeutics, Inc. (AQST) really had a nice snapback on Thursday. On Sept 10, the entry price was 8.78, it pulled back a little, and on Thursday it formed a big engulfing reversal bar that took it up 1.09, or 14%, to 8.91, with a session high at 8.93, on 1.8 million shares traded and a few cents in after-hours. If it can get up through 9 1/2, I’m looking for 10 3/4, and then 13 1/2.

Cree, Inc. (CREE), which was given to you as a short on Sept 3 at 61.70, came down, snapped back, retested resistance, failed on Thursday, and dropped 1.77, or minus 2.7%, to 63.63, with a session high of 65.05, on over a million shares traded. It may be forming a bear flag in here. I’m looking for a retest of the 55-56 range.

Mersana Therapeutics, Inc. (MRSN) broke out, pulled back, and I gave you a swing on it on Sept 16 at 25.50. It then reached 26, and change, and is still backing and filling. However, on Thursday it gave back 1.47, or minus 5.7%, to 24.23, with a session high of 25.24, on 2.6 million shares traded. Support is at 21 1/2 at the triple bottom. If it pops above 25 1/2, my targets are 32 and 36.

Talend S.A. (TLND) was long on Sept 1 at 44 1/2. There was a breakout, it followed through, and then backed off. On Thursday it fell 1.44, or minus 3.4%, to 41.41, with a session high of 42.33, on 289,138 shares traded. It looks like it has a wedge forming and a bullish one at that. It is holding support at the trendline. If it breaks out here, I’m looking for 48 and 52.

Workhorse Group Inc. (WKHS) had a swing put on it after the core breakout at the beginning of the month, it pulled back, and started to run from below 16.80 to Thursday’s high at 28.23. That was 12 points in about a week and a half. It closed at 1.21, or 4.5%, to 28.03, on 27 million shares traded. So far, so good. It reached both of my targets at 25 and 28. Next targets are 32 and 36.

On the long side, stocks included Agile Therapeutics, Inc. (AGRX), Aquestive Therapeutics, Inc. (AQST), Checkpoint Therapeutics, Inc. (CKPT), Cree, Inc. (CREE), Ceragon Networks Ltd. (CRNT), Edesa Biotech, Inc. (EDSA), Fastly, Inc. (FSLY), Inphi Corporation (IPHI), Mersana Therapeutics, Inc. (MRSN), MagnaChip Semiconductor Corporation (MX), NantKwest, Inc. (NK), PayPal Holdings, Inc. (PYPL), Rekor Systems, Inc. (REKR), Shopify Inc. (SHOP), Talend S.A. (TLND), Veoneer, Inc. (VNE), Ltd. (WIX), ad Workhorse Group Inc. (WKHS).