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Bloom Energy Corporation (BE) is moving. It popped on Wednesday out of a little bit of a falling wedge, jumping 2.33, or 8.5%, to 30.42, with a session high of 32.99, on 5.9 million shares traded. That is the biggest volume in about 7-8 sessions. It looks to me like the next target has to be 42 now.
Canopy Growth Corporation (CGC), the leader in the marijuana group, accelerated out of the flag on Wednesday with a breakaway gap, gaining 3.13, or 11.58%, to 30.17, with a session high of 31.83, on a monster volume of 25 million shares traded. It made it through key resistance. I think it is headed to 37-38.
Daqo New Energy Corp. (DQ), the Chinese semiconductor stock, on Wednesday was up another 5.83, or 8.47%, to 74.50, with a session high of 77.50, on 3.85 million shares traded. It had increasing volume and increasing OBV. It looks like a stock that wants to go higher. It is at the top of a long-term channel, but on a short-term channel, we could see 85.
Origin Agritech Limited (SEED) popped 1.26, or 8.48%, to 16.37, on Wednesday, making a new, multi-year session high at 16.95, on 229,198 shares traded. That is great volume and the OBV looks good. My target now is 19-19 1/2, and then 22-23 going forward.
VOXX International Corporation (VOXX), a swing trade of ours, popped and backed off a little bit, with a move up of 1.30, or 10.2%, to 14.04, and a session high of 14.86, on 373,351 shares traded. I like the look of this stock. The near-term target is 15-15 1/2, and then 18 1/2.
On the long side, stocks included Apache Corporation (APA), Aphria Inc. (APHA), Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), CBAK Energy Technology, Inc. (CBAT), Canopy Growth Corporation (CGC), CleanSpark, Inc. (CLSK), Daqo New Energy Corp. (DQ), FuelCell Energy, Inc. (FCEL), GrowGeneration Corp. (GRWG), Lithium Americas Corp. (LAC), Livent Corporation (LTHM), Marathon Patent Group, Inc. (MARA), The9 Limited (NCTY), Occidental Petroleum Corporation (OXY), Perion Network Ltd. (PERI), Plug Power Inc. (PLUG), Riot Blockchain, Inc. (RIOT), Cassava Sciences, Inc. (SAVA), Origin Agritech Limited (SEED), ReneSola Ltd (SOL), SunPower Corporation (SPWR), Sunworks, Inc. (SUNW), Tupperware Brands Corporation (TUP), U.S. Concrete, Inc. (USCR), VOXX International Corporation (VOXX), and United States Steel Corporation (X).