CFMS, CRON, TPB, VSLR, ZYXI -- Stock Charts to Watch

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CFMS, CRON, TPB, VSLR, ZYXI -- Stock Charts to Watch

Charts of the Day video for Wednesday June 5th, 2019

The markets had an interesting day on Wednesday. It looks to me like they made some progress on Tuesday and had a follow-through on Wednesday. A lot of the stocks we follow did very well. Let’s take a look at a few of them here.

Conformis, Inc. (CFMS), a swing trade of ours, has been up six days in a row, and is coming off moving average and trendline. On Wednesday, it was up just 7 cents, or 2%, to 4.11, on 2.6 million shares. My next target is 5 1/2-3/4.

Cronos Group Inc. (CRON), a marijuana stock and a swing trade of our, after Tuesday’s reversal, had a nice pop on Wednesday, up 1.57, or 11%, to 15.99, on a stellar 17.6 million shares. It looks like it might extend if it gets over the day’s high at the double top at 16.80. At that point, it can get to at least 18 and 19 1/2.

Turning Point Brands, Inc. (TPB) is also breaking out of a wedge or coil and might extend if it gets above 55. It jumped 1.07, or 2.1%, to 52.06, on 30,306 shares traded on Wednesday. I will be looking for 63-64 as the next target.

Solar stocks are hot, and Vivint Solar, Inc. (VSLR) is making a move, up 20 cents, or 3%, to 6.88 on a million shares on Wednesday. It was nothing spectacular, but still, it might get up to 8 1/2.

Zynex, Inc. (ZYXI), one of our old swings, is acting well. It consolidated on Wednesday and popped right to the resistance area around 7.80. The targets on this one going forward are 9, and then 10.

Stocks on the long side included Digital Turbine, Inc. (APPS), Conformis, Inc. (CFMS), Cronos Group Inc. (CRON), Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP), the VelocityShares 3x Invrs Crude Oil ETNNew (DWT), the ProShares UltraShort Bloomberg Crude Oil (SCO), Turning Point Brands, Inc. (TPB), Vivint Solar, Inc. (VSLR), and Zynex, Inc. (ZYXI).