ARLO, BLNK, JMIA, NNDM, QS, X -- Stock Charts to Watch

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ARLO, BLNK, JMIA, NNDM, QS, X -- Stock Charts to Watch

Charts of the Day video for Tuesday December 8th, 2020

Arlo Technologies, Inc. (ARLO) broke out of the declining channel two weeks ago, pulled back, and exploded for four days in a row, taking it from 5.50 to about 8.50. On Tuesday, it ran up 1.05, or 14.54%, to 8.27, with a session high of 8.49, on 6 million shares traded, and 23 cents to 8.50 in after-hours. It closed at the upper end of the range with good technicals and looks like it could stretch it out towards 11.00.

Blink Charging Co. (BLNK) is also coming out of a falling wedge after an explosive move that took it up 400% in a month. It pulled back, flagged, and is moving up again. On Tuesday, it jumped 2.38, or 8.82%, to 29.36, with a session high of 29.75, on 16.7 million shares traded. The volume isn’t quite as strong, but it’s building. You can bet, if this stock gets through 35-36.00, you may see low-to-mid 40’s on this one.

Jumia Technologies AG (JMIA) is running beautifully. I love the chart pattern. It moved up 2.25, or 6.77%, on Tuesday, to 35.50, with a session high of 36.47, on 12 million shares traded. I think it can explode here. First, let’s get through the 40-41.00 zone, and then you will be looking at something in the 50, or better, range.

Nano Dimension Ltd. (NNDM) is moving up in a steady channel. It gained 43 cents, or 6.45%, to 7.10, with a session high of 7.36, on 27.4 million shares traded on Tuesday. I am looking for something in the 9.00 range, and then 12.00, potentially. This stock looks awfully good.

QuantumScape Corporation (QS) was a monster on Tuesday, exploding 13.74, or 31.08%, to 57.90, with a session high of 59.99, and in after-hours it moved up another 13.70 to 71.60, on 15 million shares traded. This stock is extended as well, but momentum could carry it higher. Be very careful with this one.

United States Steel Corporation (X) continues to be on a tear. On Tuesday, it was up 2.28, or 13.26%, to 19.47, with a session high of 19.58, on 33.3 million shares traded. I love the way this stock is looking right now, and I think it is going to accelerate into the low-to-mid 20’s.

On the long side, stocks included Arlo Technologies, Inc. (ARLO), AXT, Inc. (AXTI), Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), Blink Charging Co. (BLNK), Chimerix, Inc. (CMRX), Contura Energy, Inc. (CTRA), CytoDyn Inc. (CYDY), Evogene Ltd. (EVGN), Exro Technologies Inc. (EXROF), FuelCell Energy, Inc. (FCEL), Fulgent Genetics, Inc. (FLGT), HighPoint Resources Corporation (HPR), Jumia Technologies AG (JMIA), Luminar Technologies Inc (LAZR), Livent Corporation (LTHM), Lexicon Pharmaceuticals, Inc. (LXRX), NIO Inc. (NIO), Nano Dimension Ltd. (NNDM), Oncternal Therapeutics, Inc. (ONCT), Pacific Biosciences of California, Inc. (PACB), Perion Network Ltd. (PERI), Plug Power Inc. (PLUG), QuantumScape Corporation (QS), Syros Pharmaceuticals, Inc. (SYRS), Velodyne Lidar, Inc. (VLDR), and United States Steel Corporation (X).