CBAY, FLGT, MXL, OSTK, PBI, SWBI -- Stock Charts to Watch

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CBAY, FLGT, MXL, OSTK, PBI, SWBI -- Stock Charts to Watch

Charts of the Day video for Monday August 3rd, 2020

CymaBay Therapeutics, Inc. (CBAY) popped on Monday and moved up 1.33, or 37 1/2%, to 4.88, with a session high of 5.36, on 53 million shares traded. That is a breakout move and the highest close on this stock since Nov. I suspect it might test 6, and then perhaps take a run at the high where the gap is that comes in around 7 1/2.

Fulgent Genetics, Inc. (FLGT) was up 2.07, or 8%, to 28.42, on 606,100 shares traded on Monday. It broke out of its flag, reaching its highest level ever at 28.90 at the top of the channel, or towards it anyway. Let’s just say, this will have a target around 32-33.

MaxLinear, Inc. (MXL) popped out of a falling wedge on Monday, with a big gap move up of 2.40, or 9 1/2%, to 27.75, after reaching a session high of 28.36, on 1.1 million shares traded. It is right up against resistance here. Next target is 32.

Overstock.com, Inc. (OSTK) was up 7.37, or 10%, to 82.96, on 6.3 million shares traded on Monday. This stock has been a monster, having gone from 2.53 in March to Monday’s high at 83.48, an 81-point run, and an incredible percentage gain. It is now approaching the all-time high at 89.80.

Pitney Bowes Inc. (PBI) on Monday jumped 1.55, or 46.4%, to 4.89, with a session high of 5.50, on 43.5 million shares traded. It had a big breakaway move out of a base. You can see that it extended up to the Oct-Nov 2019 resistance. The next potential target will have to be 6 1/4, if momentum carries it through, and then 7 1/4.

Smith & Wesson Brands, Inc. (SWBI) continues to push forward, on Monday gaining 1.89, or 8%, to 25.77, with a session high of 26.42, on 3.1 million shares traded. This stock has gone from 5 1/2 to 25 3/4 in the last four months. That was good volume for this stock. I am looking for more upside to 30.

On the long side, stocks included Applied Optoelectronics, Inc. (AAOI), Builders FirstSource, Inc. (BLDR), CymaBay Therapeutics, Inc. (CBAY), Co-Diagnostics, Inc. (CODX), Cardiff Oncology, Inc. (CRDF), Ceragon Networks Ltd. (CRNT), Fulgent Genetics, Inc. (FLGT), Fastly, Inc. (FSLY), Grayscale Bitcoin Trust (BTC) (GBTC), Immunic, Inc. (IMUX), Inseego Corp. (INSG), Jumia Technologies AG (JMIA), Kirkland's, Inc. (KIRK), Marathon Patent Group, Inc. (MARA), MaxLinear, Inc. (MXL), NIO Inc. (NIO), Overstock.com, Inc. (OSTK), Pitney Bowes Inc. (PBI), Plug Power Inc. (PLUG), Pluristem Therapeutics Inc. (PSTI), Riot Blockchain, Inc. (RIOT), Smith & Wesson Brands, Inc. (SWBI), Trevena, Inc. (TRVN), United Microelectronics Corporation (UMC), United States Natural Gas Fund, LP (UNG), Workhorse Group Inc. (WKHS), and Xunlei Limited (XNET).