Harry has posted Charts of the Day video on SRPT at TheTechTrader site noting: Sarepta Therapeutics, Inc. (SRPT) pulled back gently each day, and on Wednesday, it reversed 1.59 to 34.17, or nearly 5%, on 2.6 million shares. It held support, trendline and moving averages. Put a stop at 30.30, 36.90 is resistance, and targets are 40, and then 45.
Harry has posted Charts of the Day video on EXPR at TheTechTrader site noting: Express Inc. (EXPR) had a big day on Wednesday, up 3.35 to 20.25, or 20%, on 11.2 million shares. This stock has been stair-stepping its way higher, it rolled over, tested the support level, and bounced. On Wednesday, it gapped up and ran hard, reaching 20.42, before pulling back and closing at 20.25. Wednesday’s volume is the largest volume ever seen on this stock. The target is 21 1/2-3/4, and beyond that, you could see a retest of the highs near 25.
Harry has posted Charts of the Day video on ERI at TheTechTrader site noting: Eldorado Resorts, Inc. (ERI) has been a pretty good stock this year. It had a nice base breakaway, formed several wedges, pulled back, formed a channel, got a little sloppy, but popped and pulled back again, and then snapped back the last couple days. On Wednesday, it was up just 18 cents to 9.27, or 2%, and closed at 9.59, but, if it gets through 10.04, look for it to run to mid-channel at 11-11 1/2, and then near the top of the channel at 14.
Harry has posted Charts of the Day video on EFOI at TheTechTrader site noting: Energy Focus, Inc. (EFOI) has been acting great, and a swing was put on it on Wednesday, strictly because after the pop, pullback, and pop, it went to resistance, backed and filled in a 3-wave, corrective pullback, and went right to the channel top, which is now support, bouncing off of it, and breaking out on Wednesday, up 1.85 to 18.60, or 11%, on 1.1 million shares. That’s the best volume in about a week. If it gets through 19.20, the targets are 22 3/4-23, and then 26.
Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK) broke out of an entire, 6-month base, down 71 cents to 60.50. The targets going forward are 56 and 51.
Harry has posted Charts of the Day video on CEB at TheTechTrader site noting: CEB Inc. (CEB), a Boxer Swing Short, got crushed on Monday, as it fell out of the rising wedge, going from the high 70’s to a low in the 69.90’s, and on Tuesday, it ran back up to 71.94, and then pulled back down again to close a penny lower on the day. If it gets through support at 67, look for it to head down toward 63-64.month base
Harry has posted Charts of the Day video on BBY at TheTechTrader site noting: Best Buy Co., Inc. (BBY) exploded on Tuesday with a big breakaway gap. It was down around 29.25 on Monday, and on Tuesday it got up to 34.36, and then the markets brought it back down, up 3.68 to close at 32.95, or 13%, on 21.3 million shares. Perhaps this pullback could be a buying opportunity. Short-term target is a test of the double-top at 35, and change, and if it gets through that, the next target is 37 1/2.
Harry has posted Charts of the Day video on AQXP at TheTechTrader site noting: Aquinox Pharmaceuticals Inc. (AQXP) had an interesting day on Tuesday. A swing trade was put on it after it exploded and pulled back to form a beautiful wedge. This stock has held at the 15 1/2 area, and on Tuesday it popped across the 19.92 level as well 23, and 27 as the market was flying. After reaching 24.50, it pulled all the way back to the 18 1/2-3/4 range and closed there. It was up 1.09 to 18.79, or 6%, on 2 million shares. Unfortunately, that was not a good close on it and not the best timing on a swing trade. As long as it holds in the 15-15 1/4 level, it could move. Keep an eye on this one as it could be powerful if the market gets moving again.