Harry has posted Charts of the Day video on EMES at TheTechTrader site noting: On the short sided, Emerge Energy Services (EMES) rolled over hard and came down for about two weeks in a row. It bounced sharply on short covering, in my opinion, and then rolled over after double-topping. On Tuesday, it broke support, dropping another 6.59, or 7.5%, on 1.3 million shares. Technicals are very negative. I’m looking for this to retest 69 1/2-70. That could be about a 10-12 short here. If it gets below that it could get ugly.
Harry has posted Charts of the Day video on GRPN at TheTechTrader site noting: Groupon, Inc. (GRPN) is having a good time of it—a breakaway gap, and the moving averages are moving sharply higher. It may get a pullback at some point. I think I put my swing trade target at 8 3/4 first. After that, we’re looking at 9 3/4-10.
Harry has posted Charts of the Day video on AVNR at TheTechTrader site noting: Avanir Pharmaceuticals, Inc. (AVNR) is looking well. It went up to 13.83 before backing off, but it was still up 48 cents, or 3.7%, on 7.3 million shares. That’s a little bit better volume, but what I want to see is if this can get going again. It’s in a rising channel, and there’s lateral resistance. The next target is 18.
Harry has posted Charts of the Day video on RGLS at TheTechTrader site noting: Regulus Therapeutics Inc. (RGLS) acts like it wants to go. It had an inside day on Monday on low volume. It was up 9 cents, closing at 20.05, on 2 million shares. This stock could very well start to accelerate. Targets are 25 and 28.
Harry has posted Charts of the Day video on PLUG at TheTechTrader site noting: Plug Power Inc. (PLUG) had a big day on Monday, up 43 cents, or 9%, on 24 million shares. That’s the biggest volume since August when it reached 6.45-6. That is the next target on this one.
Harry has posted Charts of the Day video on LAKE at TheTechTrader site noting: Lakeland Industries Inc. (LAKE), which I put a swing on Monday, because after examining the picture and the technicals, and after a big run-up and a big retracement, I believe the falling wedge has popped out two days ago. A little bit of a retest is on the way right now on very low volume. Relatively. A little micro falling wedge. Keep an eye on this one going forward. Targets are 16.45-.50, triple-top, and if it gets through that then it’s off to the races.
Harry has posted Charts of the Day video on GRPN at TheTechTrader site noting: Groupon, Inc. (GRPN), which I put a swing on Monday, because it’s unprecedented for me to see 150 million shares traded in two days. More importantly, the breakout comes out of a multi-level base and the breakaway gap on Friday. It surged into the high area and it didn’t back off. It wasn’t up much, but it did get up to 7.66 and closed at 7.37. Let’s see if this is able to follow through. The targets are 8 1/4, followed by 9 3/4-10.
Harry has posted Charts of the Day video on VDSI at TheTechTrader site noting: VASCO Data Security International (VDSI) had another good follow-through day. This stock has been great to us. It has had a beautiful run-up since it was trading in the single digits. Now, it's moved up five-fold since February. The next target is 28 1/2-3/4.
Harry has posted Charts of the Day video on SWI at TheTechTrader site noting: SolarWinds, Inc. (SWI) is a company I like a lot. It had a big run-p in 2012, cracked early 2013 and was in a downtrend for a year, based out for most of 2014, and on Wednesday, it broke out, up 4.67, or 11%, on 3.7 million shares. It had a big breakaway gap on volume. That’s the biggest volume since February. On break-out day, I would look for more upside to get up to about 51, and then see if it can punch through there.
Harry has posted Charts of the Day video on EA at TheTechTrader site noting: Electronic Arts Inc. (EA), the big video-game developer, has a very beautiful, long-term, couple-year rising channel that broke through a double top at the 38.91 zone. The breakaway gap in this case didn’t close great, but it was still up 1.43, or 3.8%, on 10.6 million shares. Let’s see if that pullback is a buying opportunity, and then it can make it to higher levels. Ultimately, it could be a stock in the mid-to-high 40’s.
Harry has posted Charts of the Day video on AMED at TheTechTrader site noting: Amedisys Inc. (AMED) is still doing quite well. The long-term chart shows a big drop down, base pattern, breakout, and then a pullback consolidation, with a platform in the 13.61 zone that held. Recently, it popped, wedged, popped, formed a long flag, broke out and had a breakaway gap. This looks to me like it’s headed toward the 29-30 zone short-term. It was a nice breakaway gap, so let’s see if Wednesday’s low holds at 23.95-24.
Harry has posted Charts of the Day video on FEYE at TheTechTrader site noting: FireEye, Inc. (FEYE) is one of the two security stocks that I like as I’m looking at security software companies. It's been up, it’s been down, it’s been up, it’s been down, and so on, but overall, a nice big base pattern is forming. I could propel this stock to the 50’s-60’s down the road, but for now, I’m looking to see if we can test and take out the 36 1/2-37 range, and then 41 would be my next target.
Harry has posted Charts of the Day video on ACHN at TheTechTrader site noting: Achillion Pharmaceuticals, Inc. (ACHN) popped out of its pattern on Tuesday, got up to 12.62, but it closed rather poorly, in my opinion, at 11.94, or 17 cents, and only 1.44%, on 6.6 million shares. The truth is it’s a lot of stock, but it didn’t close well. It could be a sign of distribution, but I don’t think that’s the case. A lot of cross concepts for sure, but it’s still holding its moving averages, and it has broken back out, and closed right on resistance at the 11.94-12.00 range. So let’s just see if there’s a follow-through, and if there is, I’m looking for a retest of the 13.80 range, and then 15.00.
Harry has posted Charts of the Day video on RWLK at TheTechTrader site noting: ReWalk Robotics Ltd. (RWLK) also had a good day on Monday, up 3.18, or 12%, on 506,700 shares traded. It came out and popped, and then drifted down from the declining channel. Two declining topslines were broken, and it punched through the moving averages. Watch resistance at 30, it may reach that Tuesday morning. Between 30-31 1/2 are scalp targets, but my swing trade target is mid 30’s, around 35.
Harry has posted Charts of the Day video on CYBR at TheTechTrader site noting: Cyber-Ark Software Ltd. (CYBR) had an excellent day on Monday. Always look at an IPO on a 15-minute basis for more chart data. This stock backed and filled for three weeks, or so, and broke out over the last couple sessions. You can see a spike up, it reached the post-IPO high at 35.88, and on Monday, it spiked up again, up 4.84, or 16%, on 3.9 million shares. The short-term target on this one is 39.40.
Harry has posted Charts of the Day video on BMY at TheTechTrader site noting: Bristol-Myers Squibb Company (BMY), which I’ve been hearing fundamentally, but from a technical standpoint I saw the breakout of a beautiful base that took six months to develop. Such a short move requires some sort of pullback consolidation, which may have begun on Monday. It was only off a dime. The volume increased a little bit. I just think that if that stock pulls back in this zone and consolidates, it’s headed to much higher levels. First, a retest of the early year’s high at the 57 range, and if it gets through that, we could see 63ish. Those are the targets.
Harry has posted Charts of the Day video on BABA at TheTechTrader site noting: ALIBABA GROUP HOLDING LTD (BABA) is a recent IPO. After the IPO pop, it came down from the 109 range to the low 80’s, towards the 82-81 low. In a week and a half it’s gone up from there to Monday’s high of 98.85, up 2.03, or 2%, on 28 million shares. It has been up 8 out of 9 days. There’s a possibility of two or three things, and either it pulls back, or it blows through it. As early as Tuesday, this stock may pop, and with a lot of companies coming out with recommendations of 120-125 targets. It could extend. Keep an eye on it. If it gets above the 97-99 area, it may start to run a couple points.
Harry has posted Charts of the Day video on RGLS at TheTechTrader site noting:Regulus Therapeutics Inc. (RGLS) had a spectacular day on Wednesday on strong hepatitis-C drug news. This stock exploded, almost 200% at one point, from the 6.00, and change, level, which is where it closed on Tuesday, to as high as 18.33 on Wednesday pre-market, and then it pulled back to as low as 11.13. However, it closed at 13.75, up 6.98, or 103%, on 20 million shares. If it can get back above 15-15.20, I think this stock will be an 18-19 dollar stock. So keep an eye on this one.
Harry has posted Charts of the Day video on BIOF at TheTechTrader site noting:BioFuel Energy Corp. (BIOF) has been working well for us. You can see the snapback from my recommendation down in the 5 3/4 range. It had a target of 8.00 on Tuesday, which it hit and backed off, and on Wednesday, it had a nice inside day. Even though the volume was low it was an up-day, up 34 cents, or 4.6%, on 559,000 shares traded. It may be pausing in here. Hopefully, the better it looks in terms of hard pauses. The next target is 9.00.
Harry has posted Charts of the Day video on BABY at TheTechTrader site noting:Natus Medical Inc. (BABY) is a stock we traded back in Oct 2013 when it broke out, consolidated, had a nice swing trade put on it that worked, consolidated for six months, popped, consolidated for a couple more months, broke out, pulled back, and was a little choppy, but on Wednesday, it popped 55 cents, or 1.7%, on 865,000. That’s the biggest volume since Jan. It got up to 33.20, which is a new all-time high.