Harry has posted Charts of the Day video on CRTO at TheTechTrader site noting: On the short side Criteo SA (CRTO) had some incredible implosion on Monday, down 1.46 to 42.03, or 3.36%, on 1 million shares. We put out a swing on this stock last week at the 48 range, and on Monday, plunging to 28.09, almost 20 points, but closed at 42.03.
Harry has posted Charts of the Day video on CZR at TheTechTrader site noting: Caesars Entertainment Corporation (CZR) has been wonderful the last three weeks, going from 4 3/4 to 9.00. On Monday, in the face of a lousy market, even though it dipped in the morning, it still closed up 96 cents to 8.98, or 12%, on 3.7 million shares, but ran all the way up to 9.23. At this point, since this is practically in break out mode, and as a result of that, if there is any extension, you could see this run up towards the 11-11 1/2 range.
Harry has posted Charts of the Day video on BEAT at TheTechTrader site noting: BioTelemetry, Inc. (BEAT) is one of those stocks that has been acting well of late. It broke out with a thrust early July, flagged, wedged, popped, and broke out on Monday, up 35 cents to 14.04. The interesting thing about Monday’s low is it was right on the breakout point, down about the 12.31 low, and it ran up to 14.33, before pulling back and closing at 14.04. The fact that it closed positive says that this may be a 15 1/2-16 dollar stock short-term, maybe more.
Harry has posted Charts of the Day video on URI at TheTechTrader site noting:United Rentals, Inc. (URI), a stock put out there last June when it was trading in the 90’s is now trading in the 60’s, and it's in a bear wedge. On Thursday, it was down 1.01 to 64.55, on 2.3 million shares. If the market continues to go South, the stock could pop out of the bear wedge and start to go lower at any time. We’ll just have to wait and see on this one.
Harry has posted Charts of the Day video on CRTO at TheTechTrader site noting: Criteo SA (CRTO), a Boxer Short, came down, bounced, came down again, bounced again, formed a big wedge, and then broke down on Thursday, falling a whopping 3.67 to 43.67, or 7 3/4%, on nearly a million shares. It’s sitting right on support. If it breaks here the next target is 37-38.
Harry has posted Charts of the Day video on CEB at TheTechTrader site noting: CEB Inc. (CEB), a Boxer Swing Short, spiked down in late July, formed a rising bear flag, and then spiked down on Thursday, dropping 1.80 to 74.85, or 3.35%, on 184,757 shares traded. There appears to be more in store for this stock if the market gets nastier. It could drop below 70, even below support at 67 1/2.
Harry has posted Charts of the Day video on OMER at TheTechTrader site noting: Omeros Corporation (OMER) was a monster on Tuesday, exploding 10.48 to 25.03, or 72%, on 32.5 million shares on positive drug news. It exploded through moving averages, trendline and several layers of resistance, and made new, multi-year high and a new, all-time high. This kind of thrust isn’t often seen without some kind of follow-through. Look for it to consolidate and edge higher up towards the low-to-mid 30’s. Eventually, this is a 40-dollar stock, I believe.
Harry has posted Charts of the Day video on ITEK at TheTechTrader site noting: Inotek Pharmaceuticals Corporation (ITEK) popped 67 cents to 14.81, or nearly 16%, on a million shares on Tuesday. This is a stock that we traded when it was in the 18.90 range, and then it came down and coiled, broke out, and now it has been moving for the last five days. It does not have a lot of energy or volume, but the key is that it doesn’t get too far ahead of itself. It has 4 waves up and looks like wave 5 could be up around 18, maybe 19 1/2.
Harry has posted Charts of the Day video on CCRN at TheTechTrader site noting: Cross Country Healthcare, Inc. (CCRN), which is being followed by some of our traders who have given me a heads-up on this stock, not only formed a month-to-month bull coil, and broke out and tested the 50, it exploded off that level, and then set-up a little flag. This explosive move on good volume, pushed this stock through key, double-top at resistance, and now it has a 2-day pullback. The 2-day surge may be heading this stock for a run up towards the 17-17 1/2 level. It could be a swing trade. Maybe go as high as 20, eventually, on a secondary target. It was up 63 cents to 14.83, or 4.44% on Tuesday and is looking very good.
Harry has posted Charts of the Day video on BLDR at TheTechTrader site noting: Builders FirstSource, Inc. (BLDR) had an interesting day on Tuesday, up 56 cents to 14.93, 3.9%, on 1.4 million shares. This stock exploded in April on a merger with one of their competitors, moved sideways and consolidated, recently popped, moved up to new highs, and then pulled back and formed a nice little bull coil. It popped out on Tuesday, a swing trade was put on it, and I think it’s going to head through the highs at 15 1/2, then up towards 17 1/2, and then 20 potentially.
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 ZGVX at TheTechTrader site noting: Zogenix, Inc. (ZGNX) had a big day on Wednesday. After nearly a year-long base, a beautiful base, it broke out, run straight up, formed a coil, popped out of the coil on Tuesday and pulled back, and on Wednesday it popped out again and held. It was an inside day, but a positive day, up 98 cents to 19.92, or 5%, on 532,400 shares traded. Volume is solid. Technicals look like they are moving up. The OBV has a new high for the year. Look for this stock to reach up to 21.65, and if it takes that out, look for it to run up to 25.00.
Harry has posted Charts of the Day video on SUNE at TheTechTrader site noting: SunEdison, Inc. (SUNE) had a monster reversal day on Wednesday. After dropping from 33.00 all the way down to 11.00, and change, on big volume to the downside over the last ten days or so, it reversed on Wednesday, and ran 90 cents to 14.25, or 6.7%, on 93.7 million shares. That’s the biggest volume in the history of this company on a reversal day. Look for it to test 16 plus, and then maybe a run up to 17 3/4.
Harry has posted Charts of the Day video on SLTD at TheTechTrader site noting: Solar3D, Inc. (SLTD) is one of our favorite stocks, up 20 cents to 3.79, or 5.6%, on 636,000 shares traded on Wednesday. It is taking over another solar company with 20 million in revenue, so now a coil has developed with positive technicals. It looks like it’s been accumulated for a run. The targets are 5-5 1/2, and then a run up to the 7 1/2-8 zone.
Harry has posted Charts of the Day video on ATENL at TheTechTrader site noting: A10 Networks, Inc. (ATEN) is one of our swing trades. It popped and broke out on Tuesday, pulled back on Wednesday morning with the market, had an inside day but a positive one, up just three cents to 7.20, with a high of 7.32. You can see on the chart that there is resistance in the 7.37 zone. The gap has been filled, or nearly so, and will be filled if it gets up to 7 3/4. If it gets through that, the next target is 9 1/4.
Harry has posted Charts of the Day video on ATEN at TheTechTrader site noting: A10 Networks, Inc. (ATEN) has an interesting pattern. It broke down mid-July, going from a June high of 7.07, all the way down to a low near the end of July at 4.98, it turned around, and has been working its way back up. Recently, it formed a wedge, popped out of the wedge, and then a swing trade was put on it. On Tuesday, it was up 22 cents to 7.17, or 3%, on 1.8 million shares, reaching a nominal new high at 7.37. Be looking for a breakout. If it gets one, it has a complete gap to fill around 7.75, and if it gets through that, the next target is 9.00, and then 11 1/2-12.00.
Harry has posted Charts of the Day video on VLO at TheTechTrader site noting: Valero Energy Corporation (VLO) is another strong, oil-related stock. It took a dip in Jan, then ran up, pulled back, ran up again, came down and based for a couple months, ran up and pulled back a couple more times, and then on Tuesday, it spiked up, reaching new, all-time highs at 70.63, and then pulled back. But it was still up 1.43, closing at 70.43, just 20 cents off the high, on 7.5 million shares. It looks like the top of the channel could be in play near the low 80’s. So keep an eye on this one.