DBD, FSLR, MOS, SRNE, VRAY -- Stock Charts to Watch

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DBD, FSLR, MOS, SRNE, VRAY -- Stock Charts to Watch

Charts of the Day video for Tuesday August 4th, 2020

Diebold Nixdorf, Incorporated (DBD) popped out on Tuesday. It looks like it crossed a double top and finished near the upper end of the range, moving up 1.16, or 17%, to 8.02, with a session high of 8.11, on 4.1 million shares traded. That is the biggest volume on an up-day since last Dec. So, it was a very good day for DBD, and I’m looking for an extension follow-through to take it to 10 1/2.

First Solar, Inc. (FSLR) might be another one, although it did get up and popped out of the little coil that it was in on Tuesday, with a thrust of 3.20, or 5 1/4%, to 64.04, with a session high of 64.23, on volume that picked up to 1.5 million shares traded. I suspect we are going to see 67-68 next.

The Mosaic Company (MOS) broke out of a wedge pattern on Tuesday with a breakaway gap of 1.85, or 13 1/2%, to 15.55, with a session high of 15.88, on 13.5 million shares traded. That is the biggest volume on a up-day going back a couple years. It was a good day for that stock. Targeting a run at 17 1/2-3/4.

Sorrento Therapeutics, Inc. (SRNE) exploded on Tuesday on a big move of 3.07, or 31.4%, to 12.84, with a session high of 13.25, and another 1.05 in after-hours, on 163 million shares traded. That is monster volume. It might have more to go, but there is some lateral resistance in here. The next target is way in the mid-20’s.

ViewRay, Inc. (VRAY) popped out of a base pattern on Tuesday, jumping 70 cents, or 28%, to 3.23, just 3 cents off the session high at 3.26, on 3.4 million shares traded. I would target 360-.65, and eventually a run to 4 3/4-5.

On the long side, stocks included Advanced Micro Devices, Inc. (AMD), Blink Charging Co. (BLNK), Cardiff Oncology, Inc. (CRDF), Cerence Inc. (CRNC), Diebold Nixdorf, Incorporated (DBD), Fulgent Genetics, Inc. (FLGT), First Solar, Inc. (FSLR), Harmonic Inc. (HLIT), At Home Group Inc. (HOME), JinkoSolar Holding Co., Ltd. (JKS), LightPath Technologies, Inc. (LPTH), The Mosaic Company (MOS), MicroVision, Inc. (MVIS), Pan American Silver Corp. (PAAS), Sunrun Inc. (RUN), SolarEdge Technologies, Inc. (SEDG), Sintx Technologies, Inc. (SINT), SunPower Corporation (SPWR), Sorrento Therapeutics, Inc. (SRNE), Tilray, Inc. (TLRY), United States Natural Gas Fund, LP (UNG), 21Vianet Group, Inc. (VNET), ViewRay, Inc. (VRAY), and Zovio Inc (ZVO).