Harry has posted Charts of the Day video on HRTX at TheTechTrader site noting: Heron Therapeutics, Inc. (HRTX), one of our prior swing trades, ran up a little bit, pulled back and consolidated for three or four weeks, and broke out again on Monday, up 3.00 to 38.46, or 8.5%, on 2.3 million shares. Right now, it looks like it’s in run mode. The target is 42 1/2-3/4. Beyond that, this stock could reach up to the mid-to-high 50’s.
Harry has posted Charts of the Day video on NVAX at TheTechTrader site noting: Novavax, Inc. (NVAX) swing trade stalled last week, but on Monday it reversed, going from 13.20 to 14.25, closing up 84 cents to 14.14, or 6.3%, on 4.3 million shares. It needs a little bit of a follow-through, but first it needs to get up to 14 1/2, and then 15. If it gets above that then 16 and 18 are targets.
Harry has posted Charts of the Day video on MBLY at TheTechTrader site noting: Mobileye N.V. (MBLY) appears to have had a breakout day on Monday. It had a double-top, consolidation, a reversal on Friday, it gapped on Monday, going through the moving averages, and ran up 4.49 to 64.14, or 7.5%, on a hefty 8.7 million shares. Look for this stock to hit 69.00.
Harry has posted Charts of the Day video on GRBK at TheTechTrader site noting: Green Brick Partners, Inc. (GRBK) is doing great, up 43 cents to 14.55, or 3%, on 455,300 shares traded on Monday. It’s been a while since this stock has gone up 5 consecutive days. Four days ago it was at 11.65, and on Monday it was just below 15.00 at 14.93. Still, the target is in the 18-18 1/2-19 area. Initially, though, the target is 15 1/2, and then as high as 17 1/2-18.
Harry has posted Charts of the Day video on AXON at TheTechTrader site noting: Axovant Sciences Ltd. (AXON) had a big reversal day on Monday, going from 11.20 to 14.10, closing just 4 cents off the high, up 2.35 to 14.06, or 20%, on 1 million shares. There is, however, resistance at the spike high at 14.40. If it can get through there it has a shot at getting up to 16.35, and from there it’s on its way up to 20-21. But, for now, let’s see if this reversal day gets a follow-through.
Harry has posted Charts of the Day video on W at TheTechTrader site noting: Wayfair Inc. (W) was phenomenal. We put a swing trade on it on a break out, it had an intraday pullback at 43 1/2, and in a day and a half this stock reached 56.84, 16 points. That’s pretty amazing. The top of the channel was tagged. It pulled back, but it’s still up 4.63 to 51.58, or 91/2%, on 65 million shares. That’s tremendous volume, which means it may go into a consolidation in this zone.
Harry has posted Charts of the Day video on SYMBOL at TheTechTrader site noting: SunEdison, Inc. (SUNE) had some interesting action on Thursday, up 74 cents to 14.99, or 5%, on 52.5 million shares. After a big spike-down on monster volume, it spiked up in a big reversal day on Thursday, and got the expected follow-through. There was a double-top in that range at resistance. Now, if it can get above the 16.25-.30 range, it could run to the 17 1/2 range. But first it needs to get above 15 1/2, which is a very important level, then 17 1/2, and maybe go as high as 19 1/2.
Harry has posted Charts of the Day video on EZCH at TheTechTrader site noting: EZchip Semiconductor Ltd. (EZCH) ran 1.45 to 20.26, or 7.7%, on 581,560 shares traded. It was on our Top Stock list because it broke out on Wednesday, on Thursday, it had a beautiful follow-through. There’s resistance right at this level that could thwart the advance with a pullback. Look for one or two things: a consolidation, low-volume pullback-flag-type set-up, or a run to resistance up around 221/2, at which point it then may pull back.
Harry has posted Charts of the Day video on EROS at TheTechTrader site noting: Eros International (EROS) has just been phenomenal, up 2.30 to 37.46, or 6.5%, on 827,205 shares traded on Thursday. It had a beautiful run from 17.00 to 37.00, it pulled back and consolidated, held twice in the 35-32 1/2 range, popped on Wednesday, followed-through on Thursday, went above the declining topsline, and broke out. The volume picked up sharply. If it gets to mid-channel, it looks like it could pull back a little bit. It’s going to be in the high 40’s before too long. Keep an eye on this, momentum is tremendous.
Harry has posted Charts of the Day video on NVAX at TheTechTrader site noting: Novavax, Inc. (NVAX) snapped back on Monday, up 36 cents to 11.19, and in afterhours it reached 12 1/2, closing at 12.35, up from 11.19, plus it still has 5.6 days to cover. Look for it to move up to test the zone at 12-12 1/2.
Harry has posted Charts of the Day video on FIX at TheTechTrader site noting: Comfort Systems USA Inc. (FIX) has been in a wonderful, long-term rising channel. It hardly felt any pullback in the market, perhaps Thursday and Friday it pulled back a bit. On Monday, it popped 1.67 to 30.12, or 6%, on 814,925 shares traded. That’s the best volume all year. There may be more upside in the 32-35 range.
Harry has posted Charts of the Day video on AQXP at TheTechTrader site noting: Aquinox Pharmaceuticals Inc. (AQXP), on positive drug news, had an amazing day. The only reason this one is on the list is because this stock went from 1.65 to 55.75 in two days, which is unheard of. It peaked early in the day on Monday, and then worked its way back down to 17.56. The pattern its developing in after hours, which could mean that it could snapback on Tuesday. So keep an eye on it.
Harry has posted Charts of the Day video on CHUY at TheTechTrader site noting: Chuy's Holdings, Inc. (CHUY), the restaurant chain, had a 5-wave decline, taking it into Dec, it began another move up in Jan, going from about 18 1/2 to 28.00 before Wednesday, when it gapped up and ran 6.39 to 14.22, or 23%, on 2.8 million shares. More importantly, not only did it go through the top of the channel and lateral-price resistance, but through secondary resistance. It looks like it may make an attempt to test the 36 1/2 range, potentially as early as Thursday, and then 42-43 is the next target.
Harry has posted Charts of the Day video on EMES at TheTechTrader site noting: On the shortside Emerge Energy Services LP (EMES) is another stock that is unbelievable, down 1.35 to 23.71, or 5.39%, on 432,770 shares traded. It wedged several times on its way down, flagged and keeps going down. It went from 140, and change, to 23, and there’s no bottom in sight. The target is 18-9.
Harry has posted Charts of the Day video on DDD at TheTechTrader site noting: On the shortside 3D Systems Corporation (DDD) has not done well for quite some time, down another 1.32 to 14.47, or 8%, on 5.9 million shares. on Monday. In 2014, DDD reached 97.00, and now it’s all the way down to 14.00. When it was trading in the 50’s, the potential target was 17.00. Look at it now! There’s no bottom in sight. The next potential-support level is all the way down at high single digits. Something terrible is going on with this stock, or a takeover may ensue.
Harry has posted Charts of the Day video on GPRO at TheTechTrader site noting: GoPro, Inc. (GPRO) had another good day. It popped 4.16 to 60.80, or 7 3/4%, on 14.7 million shares. That’s the biggest volume on an up day in several weeks. The level to watch is 61.19. Monday’s high was 61.20. If it gets through here, look for it to run up towards 68-9. Let’s see what happens with this stock over the new couple days.
Harry has posted Charts of the Day video on EXEL at TheTechTrader site noting: Exelixis, Inc. (EXEL), on drug news on Monday, exploded 1.97 to 5.88, or 50%, on 74.6 million shares. It gapped up and closed at the high end of the range. Look for more upside on this one. The target is 7-7 1/4, however, there is potentially some resistance around the 6 1/4 area. If it can punch through that on Tuesday, the targets are 7 1/4 and 8 3/4.
Harry has posted Charts of the Day video on EROS at TheTechTrader site noting: Eros International Plc (EROS) is an intermediate company similar to NFLX. It had a large run-up, taking it from 16 to 31, and change, just in the last couple months, and on Thursday it was up 2.32 to 31.08, or 8%, on 722,400 shares. It is extended and near the top of the channel, and if the momentum carries it forward it may reach 33, 35.
Harry has posted Charts of the Day video on DVAX at TheTechTrader site noting: Dynavax Technologies Corporation (DVAX) has an interesting pattern. After 5 waves down, and then a 3-wave corrective pullback, it moved into a coil, broke out, retested, formed an inverse head-and-shoulders, then a wedge pattern, and on Monday it broke out, up 1.94 to 25.51, or 8.23%, on 1.6 million shares. The only thing left to test at this level is the spike high at the 26-9 range, which coincides with the 26.80 range. If it gets through this level, look for 35 to be the next target.
Harry has posted Charts of the Day video on MBLY at TheTechTrader site noting: MOBILEYE N.V. (MBLY) reversed on Tuesday after Monday’s pullback support, running up 1.29 to 51.63, or 2.56%, on 4.2 million shares. There’s a minor double-top in that range, but it looks like it wants to go higher. Let’s see if it tests the Nov highs up around 52.80-53.00. If it gets through that, look for it to head up toward the 59-60 zone.