Harry has posted Charts of the Day video on EBIX at TheTechTrader site noting: Ebix Inc. (EBIX) has a swing trade on it that’s working. It broke through resistance with a breakaway gap four days ago and has been up every day, and on Wednesday, it was up 46 cents to 48.32, on 463,672 shares traded. It’s at the top of the short-term channel. It may pull back and consolidate, but I have a target set for the mid-60’s. It has 23 days to cover.
Harry has posted Charts of the Day video on CC at TheTechTrader site noting: The Chemours Company (CC) has been acting great ever since the breakout out of a wedge. It’s been up four days in a row, and eight of the last nine days. On Wednesday, it was up 17 cents to 9.23, or 2%, on 3.7 million shares. It broke through the double top, so I’m looking for a move that immediately tests 10, and then maybe up to about 12 1/2-13.
Harry has posted Charts of the Day video on RRGB at TheTechTrader site noting: Red Robin Gourmet Burgers Inc. (RRGB), which has been negative all year, formed a large bear wedge in Aug, came down, wedged again, bounced back to the declining topsline, failed, and on Tuesday, it rolled over, dropped out of a little flag, and went down another 1.55 to 62.33, or 2.4%, on 244,700 shares traded. It may be embarking on lower lows at 56, and then 48.
Harry has posted Charts of the Day video on EGRX at TheTechTrader site noting: Eagle Pharmaceuticals Inc. (EGRX) was continuing downward on Tuesday after breaking the wedge on Monday. It came down another 2.39 to 14.00, or 6.6%, and looks quite disastrous. Any further damage and it could cascade lower to the mid to high 20’s for starters.
Harry has posted Charts of the Day video on TRGP at TheTechTrader site noting: Targa Resources Corp. (TRGP) is one our swing trades that finally broke out of a wedge, has been edging up the last couple days, and then on Tuesday, it finally took off running, up 2.19 to 29.75, or 7.3%, on 3.6 million shares. It looks very intriguing. The targets are 6-6 1/2 short-term, and then mid to high 40’s
Harry has posted Charts of the Day video on CPXX at TheTechTrader site noting: Celator Pharmaceuticals, Inc. (CPXX), one of our swing trades, is acting great. On Tuesday, it was up 82 cents to 13.21, or 6.6%, on 2.7 million shares. Ever since the huge breakaway gap it has be running up in a channel. It still looks like it may test 17-18, and then 21-21 1/2.