BE, CRDF, RUN, FATE, BSE, WKHS -- Stock Charts to Watch

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BE, CRDF, RUN, FATE, BSE, WKHS -- Stock Charts to Watch

Charts of the Day video for Monday September 28th, 2020

Bloom Energy Corporation (BE) is coming out of the coil that I showed you this weekend. On Monday it popped 1.71, or 11 1/4%, to 16.88, with a session high of 16.91. Volume picked up to 4.6 million shares traded. The obvious resistance is at the double-top around 20. If it gets through that, I will be looking at 25, which is my target going forward.

Cardiff Oncology, Inc. (CRDF) held last week for four days at the 10.27 level, and as a result of that, it’s a flag-type platform. On Monday it moved up 80 cents, or 7%, to 12.18, with a session high of 12.36, on 928,932 shares traded. I think it’s going to take out the channel top and accelerate to 12.30. My target is 17.

Fate Therapeutics, Inc. (FATE) broke out across a 3-month trading range on Monday, with a pop of 2.70, or 7%, to 40.50, with a session high of 40.68, on 849,595 shares traded. It looks to me like it’s going even higher. The near-term target is 44.

Sunrun Inc. (RUN), one of the strongest solar stocks on Wall Street right now, with a March low around 8.00, has taken this into the 70’s. It continued to look higher on Monday, having moved up 5.52, or 8.3%, to 71.98, with a session high of 72.20, on 5.6 million shares traded, and then added an additional 35 cents in after-hours. Going forward, the next target on RUN is 85-87.

Switchback Energy Acquisition Corporation (SBE) really exploded off the pullback low. Just three days ago it was at 11.00, and on Monday, it ran up 1.69, or 12.2%, to 15.53, with a session high of 16.45, on 9.4 million shares traded, and gained another 30 cents in after-hours. This, to me, looks like an 18-20-dollar stock.

Workhorse Group Inc. (WKHS) continues to move up after a 4-day pullback. It advanced on Friday and followed through on Monday, jumping 3.32, or 13.4%, to 28.13, with a session high of 28.62, on 41.9 million shares traded. Look for a move to 32, and then maybe mid-30’s.

On the long side, stocks included American Superconductor Corporation (AMSC), Anavex Life Sciences Corp. (AVXL), Bloom Energy Corporation (BE), Blink Charging Co. (BLNK), Celldex Therapeutics, Inc. (CLDX), Cardiff Oncology, Inc. (CRDF), Canadian Solar Inc. (CSIQ), DraftKings Inc. (DKNG), Denali Therapeutics Inc. (DNLI), DiamondPeak Holdings Corp. (DPHC), Fate Therapeutics, Inc. (FATE), Forum Merger II Corporation (FMCI), Graf Industrial Corp. (GRAF), Lithium Americas Corp. (LAC), LMP Automotive Holdings, Inc. (LMPX), Mesoblast Limited (MESO), Owens & Minor, Inc. (OMI), OptimizeRx Corporation (OPRX), The Peck Company Holdings, Inc. (PECK), Piedmont Lithium Limited (PLL), Plug Power Inc. (PLUG), Sunrun Inc. (RUN), Switchback Energy Acquisition Corporation (SBE), Tortoise Acquisition Corp. (SHLL), Virgin Galactic Holdings, Inc. (SPCE), SunPower Corporation (SPWR), TRACON Pharmaceuticals, Inc. (TCON), United Microelectronics Corporation (UMC), and Workhorse Group Inc. (WKHS).