CYH, DNLI, HALO, JCOM, PLUG -- Stock Charts to Watch

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CYH, DNLI, HALO, JCOM, PLUG -- Stock Charts to Watch

Charts of the Day video for Tuesday November 3rd, 2020

Community Health Systems, Inc. (CYH) has been moving vertical for the last four or five days, and on Tuesday it jumped 1.37, or 19.32%, to 8.46, having gone for a low of 4.50 to the day’s session high at 8.55, nearly doubling, on 7.3 million shares traded. The next target is 10.00.

Denali Therapeutics Inc. (DNLI), after pulling back, started to move again on Tuesday, with a move up of 2.09, or 4.77%, to 45.86, and a session high of 46.21, 544,819 shares traded. The volume and technicals look good, particularly OBV showing accumulation. I think it will go substantially higher. My near-term target is 50, and then I am looking for 57, or more.

Halozyme Therapeutics, Inc. (HALO) on Tuesday exploded 3.22, or 11.34%, to 31.62, having gone from 30.07 to the day’s session high at 32.57, on 5.8 million shares traded. That’s the biggest volume we have seen on this stock in about a year and it was a breakaway day. I am looking for this stock to eventually make it to the high 30’s.

J2 Global, Inc. (JCOM) also popped out of a three-month consolidating, forming wedge or channel and jumped 5.10, or 7.45%, to 73.59, with a session high of 74.77, on 1.3 million shares traded. If this stock can get above 76, I think it can make it to 82-83, which is my next target.

Plug Power Inc. (PLUG) was breaking out of a falling flag on Monday, and followed through on Tuesday with a move up of 1.48, or 9.57%, to 16.95, and a session high of 17.40, on 55.6 million shares traded. This one looks like it is going to break through the recent high at 19, and then run to 22.

On the long side, stocks included Aptevo Therapeutics Inc. (APVO), Alphatec Holdings, Inc. (ATEC), Blink Charging Co. (BLNK), CleanSpark, Inc. (CLSK), Cardiff Oncology, Inc. (CRDF), Community Health Systems, Inc. (CYH), Denali Therapeutics Inc. (DNLI), Farfetch Limited (FTCH), GW Pharmaceuticals plc (GWPH), Halozyme Therapeutics, Inc. (HALO), J2 Global, Inc. (JCOM), Jumia Technologies AG (JMIA), NIO Inc. (NIO), Nautilus, Inc. (NLS), Pinduoduo Inc. (PDD), Plug Power Inc. (PLUG), Tronox Holdings plc (TROX), Veoneer, Inc. (VNE), and VivoPower International PLC (VVPR).