CODX, FLGT, FSLR, SPWR, WRTC -- Stock Charts to Watch

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CODX, FLGT, FSLR, SPWR, WRTC -- Stock Charts to Watch

Charts of the Day video for Thursday July 23rd, 2020

Co-Diagnostics, Inc. (CODX) was up 1.04, or 5%, to 22.29 on Thursday, with a session high of 23.79, on 7.4 million shares traded, and another 19 cents in after-hours. It may be going countertrend, at least in the virus stocks and testing group. You can see the pop on Thursday to the new high, but it didn’t hold and backed off. If it breaks out above the high at 23.79, I will look for something to test the high 20’s.

Fulgent Genetics, Inc. (FLGT) also had a good day on Thursday, breaking out of a mini wedge, and through resistance before backing off. It moved up 97 cents, or 5%, to 20.53, with a session high of 21.75, on 448,790 shares traded. If it gets above that high at 21.75, I’ll look for 25.

First Solar, Inc. (FSLR), a swing trade of ours, jumped 1.35, or 2.2%, to 62.50, with a session high of 63.47, on 1.4 million shares traded. You can see the pop, the run, and a beautiful chart. I think that if it gets above the 63-64 range, we could see that stock run up to 67 and 75.

SunPower Corporation (SPWR) on Thursday, popped 26 cents, or 2.6%, to 10.12, with a session high of 10.37, on 4 million shares traded. This solar stock is also wedging, and I like the look of it. Moving up in a bad market tells me that if it gets above the 11 range, it could see 13 1/2-3/4 and 16.

Wrap Technologies, Inc. (WRTC) was up just 10 cents to 11.44, with a session high of 12.30, on 1.2 million shares traded on Thursday, but I think this stock is hanging in there pretty well. It had a big move from the March low, or even the May low when it was trading at 4.10, and ripped to 14.40, more than 10 points, and pulled back to platform. If it holds that level, particularly if it holds 10 1/4, the next targets are 15 and 20.

On the long side, stocks included AIM ImmunoTech Inc. (AIM), Advanced Micro Devices, Inc. (AMD), Aramark (ARMK), Arvinas, Inc. (ARVN), Biomerica, Inc. (BMRA), Co-Diagnostics, Inc. (CODX), eHealth, Inc. (EHTH), Fluidigm Corporation (FLDM), Fulgent Genetics, Inc. (FLGT), First Solar, Inc. (FSLR), Inogen, Inc. (INGN), Neonode Inc. (NEON), Penn National Gaming, Inc. (PENN), Perion Network Ltd. (PERI), SunPower Corporation (SPWR), SolarWindow Technologies, Inc. (WNDW), and Wrap Technologies, Inc. (WRTC).