BBBY, FLDM, NTLA, WORK, ZYNE -- Stock Charts to Watch

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BBBY, FLDM, NTLA, WORK, ZYNE -- Stock Charts to Watch

Charts of the Day video for Thursday May 21st, 2020

Bed Bath & Beyond Inc. (BBBY) had an exceptionally nice day on Thursday, popping out of a little, 3-day flag, and exploding 85 cents, or 14%, to 6.80, after reaching a session high of 6.95, on 20.4 million shares traded and another 5 cents to 6.85 in after-hours. It formed a new, rising channel, and looks like its headed to 8 3/4 and 10 1/2.

Fluidigm Corporation (FLDM) had a little bit of a snapback late in the day on Thursday, popping 28 cents, or 6.4%, to 4.67, with a session high of 4.95, on 2.1 million shares traded. That is still not enough volume, but I’m expecting it to head up to 5 3/4, 6 1/4, and 7 3/4.

Intellia Therapeutics, Inc. (NTLA) broke out of a nice base pattern, has been up six days in a row, and on Thursday, it advanced another 77 cents, or 3.89%, to 20.57, after reaching a multi-week and session high of 20.97, on 780,633 shares traded, and another 23 cents to 20.80 in after-hours. A nice trend has developed, and my target is 24 1/2.

Slack Technologies, Inc. (WORK), after popping through the inverse head and shoulders, is consolidating in that zone. It moved up 29 cents to 31.64, with a high of 32.08, on 9.1 million shares traded on Thursday. I really need is a move over 32.85 to get to 35 and 38, which are my next targets going forward.

Zynerba Pharmaceuticals, Inc. (ZYNE) has been up four days in a row and was at resistance on Thursday, gaining 14 cents, or 2.72%, to 5.49, with an early morning, spike high of 5.60, on 626,540 shares traded. If it will pop through here, the next target would likely be 6 1/4, followed by 7. If it really gets running, the secondary target is 9.

Stocks on the long side included Allied Healthcare Products, Inc. (AHPI), Apache Corporation (APA), AVEO Pharmaceuticals, Inc. (AVEO), Axovant Gene Therapies Ltd. (AXGT), Bed Bath & Beyond Inc. (BBBY), Compugen Ltd. (CGEN), Cloudera, Inc. (CLDR), Fluidigm Corporation (FLDM), Barrick Gold Corporation (GOLD), MacroGenics, Inc. (MGNX), Intellia Therapeutics, Inc. (NTLA), Pan American Silver Corp. (PAAS), Progyny, Inc. (PGNY), Purple Innovation, Inc. (PRPL), Slack Technologies, Inc. (WORK), Zynerba Pharmaceuticals, Inc. (ZYNE), and Zynex, Inc. (ZYXI).