CGC, CZR, NNDM, ONCT, PLUG -- Stock Charts to Watch

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CGC, CZR, NNDM, ONCT, PLUG -- Stock Charts to Watch

Charts of the Day video for Monday November 9th, 2020

Canopy Growth Corporation (CGC), like the other marijuana stocks that had a Biden victory, ran from 18.00 to 27.25. On Monday, it jumped 1.08, or 4.6%, to 24.58, with a session high of 26.95, on 17.3 million shares traded and another 27 cents in after-hours that ran it up to 24.83. I had a 26-dollar target, followed by 29. I think it could extend a little, but it closed at the lows on Monday, like many of the stocks. This is in a downturn retest, probably in the area of 22.

Caesars Entertainment, Inc. (CZR) popped on Monday to a dramatic high of near 75 with a move up of 6.19, or 10.88%, to 63.08, and a session high of 74.92, on a solid 7.95 million shares traded. It was a disappointing move but with a positive finish, and it was the highest move we have ever seen on this stock.

Nano Dimension Ltd. (NNDM) popped as well and has been up three days in a row. It is coming out of a falling wedge, and on Monday, it gained 34 cents, or 8.54%, to 4.32, with a session high of 4.60 on 15.4 million shares traded. My resistance and target are 6.00, and then we are looking at 9.00, but that depends on the market.

Oncternal Therapeutics, Inc. (ONCT) exploded for three days, and went from 1.50 to 6.50 before closing up 1.18 on Monday, or 30.1%, to 5.10, just a penny off the all-time high at 6.29, on 34.3 million shares traded. Then, in after-hours it moved up another 20 cents. It might be long in the tooth, short-term extended, and is near resistance. I am looking for some kind of consolidation. If it does get through, you might see it run up to 9.00 or 10.00.

Plug Power Inc. (PLUG) is moving up nicely, and on Monday, it reached another new, all-time high at 21.89, with a move up of 1.45, or 7.69%, to 20.31, on a very heavy 55.8 million shares traded. It may have come to a short-term peak, but momentum could carry it to the 30 range. This is a very strong chart.

On the long side, stocks included Aptevo Therapeutics Inc. (APVO), BioNTech (BNTX), Avis Budget Group, Inc. (CAR), CBAK Energy Technology, Inc. (CBAT), Canopy Growth Corporation (CGC), Caesars Entertainment, Inc. (CZR), Darden Restaurants, Inc. (DRI), Freeport-McMoRan Inc. (FCX), Moderna, Inc. (MRNA), NIO Inc. (NIO), Nano Dimension Ltd. (NNDM), Oncternal Therapeutics, Inc. (ONCT), Dave & Buster's Entertainment, Inc. (PLAY), Plug Power Inc. (PLUG), ShockWave Medical, Inc. (SWAV), TRACON Pharmaceuticals, Inc. (TCON), and Tilray, Inc. (TLRY). Stocks on the short side included AudioCodes Ltd. (AUDC), Citrix Systems, Inc. (CTXS), DocuSign, Inc. (DOCU), Fastly, Inc. (FSLY), McCormick & Company, Incorporated (MKC), Meritage Homes Corporation (MTH),, Inc. (OSTK), TAL Education Group (TAL), Teladoc Health, Inc. (TDOC), and Twitter, Inc. (TWTR).