CAR, CZR, GBTC, MCRB, WIMI -- Stock Charts to Watch

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CAR, CZR, GBTC, MCRB, WIMI -- Stock Charts to Watch

Charts of the Day video for Thursday August 20th, 2020

Avis Budget Group, Inc. (CAR) is acting well. It popped out, I put a swing on it, it pulled back, and now it’s firming up again. On Thursday it moved up just 15 cents to 32.98, with a session high of 33.58, on 2.6 million shares traded, but once it gets through 36 1/2, this stock could really rock. I wouldn’t be surprised to see a retest of the spike high from February before the crash in the low to mid 50’s.

Caesars Entertainment, Inc. (CZR), after the merger ERI, I still like this. When it broke out around the 37 range, I put a swing on it. It’s been up six days in a row. On Thursday, it jumped 1.96, or 4.4%, to 46.00, with a session high of 46.15, on 5.6 million shares traded. As you can see it’s slow but steady. If it takes out 47-47 1/4, it should be headed to the mid-50’s, and then mid to high 60’s.

Grayscale Bitcoin Trust (BTC) (GBTC) popped out, pulled back, I put a swing on it, it started to move, made a new high, and then backed off for a few days. On Thursday, it popped 45 cents, or 3.38%, to 14.16, with a session high of 14.31, on 4.9 million shares traded. It feels like it can go higher. I’m targeting 17, and then 20.

Seres Therapeutics, Inc. (MCRB) exploded and wedged near the apex. It was a very quiet inside day on Thursday, moving up just 19 cents, or 1%, to 25.19, with a session high of 25.81, on 1.2 million shares traded, but did gain 51 cents in after-hours. Low volume, good technicals. I suspect this could pop any day. Intermediate target is 33 1/2, and then we’re looking at something much higher, possibly very soon.

WiMi Hologram Cloud Inc. (WIMI) moved up 48 cents, or 6%, to 8.49 on Thursday, with a session high of 8.85, on 3.2 million shares traded. I think it’s ready to pop. We’ll see. But it’s pretty aggressive, so if it takes off, look for 10 and 13 next.

On the long side, stocks included Altimmune, Inc. (ALT), Advanced Micro Devices, Inc. (AMD), BioCryst Pharmaceuticals, Inc. (BCRX), Avis Budget Group, Inc. (CAR), Cardiff Oncology, Inc. (CRDF), Caesars Entertainment, Inc. (CZR), DXC Technology Company (DXC), Freeport-McMoRan Inc. (FCX), Grayscale Bitcoin Trust (BTC) (GBTC), Seres Therapeutics, Inc. (MCRB), Neonode Inc. (NEON), Owens & Minor, Inc. (OMI), Perion Network Ltd. (PERI), Quanterix Corporation (QTRX), Riot Blockchain, Inc. (RIOT), Origin Agritech Limited (SEED), Surface Oncology, Inc. (SURF), WiMi Hologram Cloud Inc. (WIMI), SolarWindow Technologies, Inc. (WNDW), and Wrap Technologies, Inc. (WRTC).