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.
Harry has posted Charts of the Day video on MNK at TheTechTrader site noting: On the short side Mallinckrodt Public Limited Company (MNK) had a beautiful implosion on Monday, down 6.34 to 81.96, or 7%, on 4 million shares. It had beautiful, perfect-reform bear wedge, from 99 it goes down to 81, right at the target. The next target is at 68-69.
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.