ARWR, CRSR, JKS, PBI, PLAY, WGO -- Stock Charts to Watch

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ARWR, CRSR, JKS, PBI, PLAY, WGO -- Stock Charts to Watch

Charts of the Day video for Tuesday October 20th, 2020

Arrowhead Pharmaceuticals, Inc. (ARWR) is an old favorite of mine from back in 2018-19, when this stock was in the single digit, and since then it has actually made it into the 70-range. It has question marks like many stocks. On multiple occasions it backed off to the 30-31 zone but held. There was a big pop in September, followed by a wedge, and then it broke out. You can see the triple-top there. Then, on Tuesday, it broke through and jumped 4.66, or 9.31%, to 54.74, with a session high of 54.94, on 1.8 million shares traded. I’m convinced enough with the OBV rising and breakout that this is going higher. My targets are 60, and then 69-70 on a swing.

Corsair Gaming, Inc. (CRSR) really looks good. It is a recent IPO that exploded from 14 to 22, pulled back in a wedge, and then broke out. Tuesday’s action took it up 2.91, or 14.51%, to 22.97, with a session high of 23.94, on 9 million shares traded, and popped another 52 cents to 23.49 in after-hours. It looks to me like it has more to go. A major move could take this to the high 20’s.

JinkoSolar Holding Co., Ltd. (JKS) is probably the best chart in the last six weeks that I could find. This stock has been in a rising channel since early September. On Tuesday, it gained another 11.92, or 15.76%, to 87.55, with a session high of 87.85, on 28.7 million shares traded, then increased an additional 65 cents to 88.20 in after-hours. It may be coming to a crescendo, or spike peak, so be careful. It has already gone from around 19 to 89. Seventy points in six weeks.

Pitney Bowes Inc. (PBI), after breaking out of its base in late July, came down, formed a wedge, and coiled for a couple months. It broke out and flagged, and then popped on Tuesday, gaining 89 cents, or 13.82%, to 7.33, with a session high of 7.37, on 8.7 million shares traded. It was the best volume in a few months. This move tells me that it will go higher. The next target is 8.75.

Dave & Buster's Entertainment, Inc. (PLAY) is perhaps coming out of a large coil. On Tuesday, it moved up 1.43, or 8.24%, to 18.79, with a session high of 18.94, on 5.4 million shares traded. I am looking for a test quickly of 20. If it gets though that, 22-23 is the next target.

Winnebago Industries, Inc. (WGO), the mobile-home manufacturer, on Tuesday popped out across the declining topsline and jumped 2.26, or 4.12%, to 57.08, with a session high of 57.91, on 1.6 million shares traded, and then moved up another 1.55 in after-hours to 58.55. I am now looking for a test of the June high that comes in around 72, and if it gets through that, we are looking at the mid-80’s next.

On the long side, stocks included Arrowhead Pharmaceuticals, Inc. (ARWR), BiondVax Pharmaceuticals Ltd. (BVXV), Calix, Inc. (CALX), Corsair Gaming, Inc. (CRSR), Canadian Solar Inc. (CSIQ), General Motors Company (GM), Halozyme Therapeutics, Inc. (HALO), IQVIA Holdings Inc. (IQV), JinkoSolar Holding Co., Ltd. (JKS), Nautilus, Inc. (NLS), Sunnova Energy International Inc. (NOVA), NETGEAR, Inc. (NTGR), Ocean Bio-Chem, Inc. (OBCI), O2Micro International Limited (OIIM), Pitney Bowes Inc. (PBI), Pinduoduo Inc. (PDD), Dave & Buster's Entertainment, Inc. (PLAY), Snap Inc. (SNAP), Surface Oncology, Inc. (SURF), The Container Store Group, Inc. (TCS), VOXX International Corporation (VOXX), and Winnebago Industries, Inc. (WGO).