FPRX, MRNA, NIO, NKLA, UPWK -- Stock Charts to Watch

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FPRX, MRNA, NIO, NKLA, UPWK -- Stock Charts to Watch

Charts of the Day video for Wednesday November 11th, 2020

Five Prime Therapeutics, Inc. (FPRX) exploded on Wednesday with a major breakaway move, and at premarket it reached all the way up to 27ish. It came down, bounced, and closed up 12.66, or 237%, to 18.00, from a low of 16.63 to a session high of 24.00, on 76 million shares traded. In after-hours it was up another 3.22 to 21.22. I think this stock will work its way back to 28, and if it gets lucky it may see mid-30’s, even low-40’s.

Moderna, Inc. (MRNA) broke out on Wednesday, and closed up 6.39, or 8.4%, to 82.44, with a session high of 83.98, on an accelerated volume of 18.6 million shares traded and in after-hours it ran up an additional 1.81 to 84.25. With that kind of volume and that kind of surge with a finish at the highs for the day, I think it will extend to the 93-94 zone.

NIO Inc. (NIO) on Wednesday popped 1.53, or 3.68%, to 43.08, with a session high of 43.23, on 178 million shares traded and another 38 cents to 43.46 in after-hours. After a one-day pullback it resumed its advance, but it had an inside day, meaning the range was inside Tuesday’s range. It is not necessarily bullish but watch the 45-45.25 range. If it gets through here, it could lead to low to mid-50’s.

Nikola Corporation (NKLA) moved up 2.15, or 12%, on Wednesday, to 20.18, with a session high of 21.19, on 20.55 million shares traded. I have not talked about this stock for a while because I did not like its pattern. I put a swing on it before it in October, it pulled back and test the lows, and Wednesday’s pop took it back up. It appears to me it may be beginning a new move, but we will have to see if there is a follow-through on Thursday. If there is, then the initial target is 23.50 followed by 25.

Upwork Inc. (UPWK) had a massive breakout a week ago, then a 3-4 day pullback, only to resume on Wednesday with a nice gain of 3.85, or 14.2%, to 30.99, and a session high of 31.02, on 4.4 million shares traded. This looks like a stock that wants to be at least mid to high-30’s.

On the long side, stocks included Aptevo Therapeutics Inc. (APVO), Blink Charging Co. (BLNK), Celsius Holdings, Inc. (CELH), ClearPoint Neuro, Inc. (CLPT), Chicken Soup for the Soul Entertainment, Inc. (CSSE), Denali Therapeutics Inc. (DNLI), Five Prime Therapeutics, Inc. (FPRX), Grayscale Bitcoin Trust (BTC) (GBTC), Lands' End, Inc. (LE), Moderna, Inc. (MRNA), NIO Inc. (NIO), Nikola Corporation (NKLA), Nano-X Imaging Ltd. (NNOX), O2Micro International Limited (OIIM), OncoSec Medical Incorporated (ONCS), 1Life Healthcare, Inc. (ONEM), OptimizeRx Corporation (OPRX), Pacific Biosciences of California, Inc. (PACB), Plug Power Inc. (PLUG), Personalis, Inc. (PSNL), Quanterix Corporation (QTRX), Cassava Sciences, Inc. (SAVA), Electrameccanica Vehicles Corp. (SOLO), TRACON Pharmaceuticals, Inc. (TCON), Upwork Inc. (UPWK), and VOXX International Corporation (VOXX).