Harry has posted Charts of the Day video on HIMX at TheTechTrader site noting: Himax Technologies, Inc. (HIMX) had a nice move on Wednesday. It popped out of a wedge on Tuesday, and on Wednesday, it was up another 25 cents, or 3%, on 8.2 million shares. That’s the best volume in seven or eight sessions. I expect this to get up to 9.25-.35 range, and then 10 1/2-11.
Harry has posted Charts of the Day video on FSLR at TheTechTrader site noting: First Solar, Inc. (FSLR) is back on the swing trade list. The reason is that the uptrend is in extreme up-and-down, peak-and-valley, cycles, and it looks like the current cycle may be over or about to move. There‘s a little bit of resistance here. If it does follow-through, and that is a big IF, I want to see volume at 8-10 million shares traded. There’s multiple tops, so let’s get a breakout around 71-72. If it can get up through that zone, expect a retest of 73-74, then up near the high 70’s.
Harry has posted Charts of the Day video on ARWR at TheTechTrader site noting: Arrowhead Research Corp. (ARWR), one of our swing trades, continues to be a featured every night. It looks like the base is broken, and it has good volume. Notice that the last four peaks have been on good volume, and the pullbacks all came on lower volume. So my near-term target will be a test of the 18.65 area. If it gets through that, look for a run–up into the low-to-mid 20’s, around 23ish.
Harry has posted Charts of the Day video on TASR at TheTechTrader site noting: TASER International Inc. (TASR) had a good day on Tuesday. With all the rioting that took place last week, there are some other stocks in that group that are running. TASR popped out of a little wedge that it formed after running up a week and a half ago. It popped to about 17.54, up 1.87, or 12%, on 6 million shares. That’s the largest volume it’s ever had on it. The target is up around 19-19 1/2.
Harry has posted Charts of the Day video on GPRO at TheTechTrader site noting: GoPro, Inc. (GPRO) had a nice pop on Thursday, reaching 49.86. The high is 49.90. Basically, what it did was, moved up to test resistance at the top of the short-term channel. If it punches trough there, it could get to 55-60 short term. Watch resistance at 49.90.
Harry has posted Charts of the Day video on BIOF at TheTechTrader site noting BioFuel Energy Corp. (BIOF) had another good day on Thursday. Even though the volume isn’t tremendous, it increased to 867,200. That’s the best volume in a couple weeks. If it breaks out of the flag, look for a short-term test of 13, and if it really runs, it could see 15-16, maybe even 17. 17 would be the ideal swing target on this one.
Harry has posted Charts of the Day video on BDSI at TheTechTrader site noting BioDelivery Sciences International, Inc. (BDSI) is looking really good and is continuing to look nicely. The short-term pattern looks good. A coil had developed over the last several weeks, and it popped out and stair-stepped its way higher for five consecutive days. It had a little bit of roughness late in the day when it came down from 16.50 to 15.67. It was only up a fraction on Thursday, but nevertheless, it was up. Even if it does have a pullback, the double-top support is going to be 14.35. Then the targets are 18, 20, 22 going forward.
Arista Networks, Inc. (ANET) broke out on Wednesday, and followed through on Thursday. It pulled back to 81.57 in the morning, closed at 83.45, a little from the high, but still a fraction to getting into the plus column. If it does carry forward, I’m looking for this stock to get through 92-93, and then another 10 points may very well be had.
Harry has posted Charts of the Day video on KERX at TheTechTrader site noting: Keryx Biopharmaceuticals Inc. (KERX) has had a nice, 3-day run from 15.44 to 18.16. With that they took out the prior highs, and I’m looking for more. The targets are 19, 21, and 23.
Harry has posted Charts of the Day video on CLDX at TheTechTrader site noting: Celldex Therapeutics, Inc. (CLDX) extended the base, and popped 1.37, or 9%, on 4.5 million shares on Tuesday. That’s the biggest volume since the beginning of June. It may be in the process of trying to take out resistance that came in back in June when we put the swing on it around 18-18 1/2. If it gets through there, look for it to head up towards 21, and eventually the mid-to-high 20’s.
Harry has posted Charts of the Day video on ARWR at TheTechTrader site noting:Arrowhead Research Corp. (ARWR) was a monster last year and a big winner for us. This year it came down March and April, bounced in June, and then pulled back. What I’m really interested in is the last three weeks it has moved up on higher volume. Tuesday’s action, up 1.76, or 13%, on 8.9 million shares, closed right on resistance. That’s the highest close since April. I’m looking for this stock to thrust here and test the 18 1/2 zone quickly. If it can get through that, we’ll see if it can get up into the low 20’s.
Harry has posted Charts of the Day video on ACHN at TheTechTrader site noting: Achillion Pharmaceuticals, Inc. (ACHN) has really performed well for us. It broke out mid-month, a swing trade was issued, it pulled back, and had another 2-day move through resistance. There is a short-term channel perhaps. It should test 12 1/2-13 as early as Wednesday. We’ll just have to see how it goes. For now, it’s still long and staying long. On Tuesday, it was up 97 cents, or 9%, on 20 million shares. The volume is actually increasing three days in a row.
Harry has posted Charts of the Day video on DRTX at TheTechTrader site noting: Durata Therapeutics, Inc. (DRTX), we put a swing trade on Monday because it’s right across a double top. It was up 38 cents, or 2.4%, on 375,100 shares traded. That’s not the best volume, so be looking for a pick up in volume, and to test, or take out, the 17 1/4 range, then 18 1/4, and then 20.
Harry has posted Charts of the Day video on ACHN at TheTechTrader site noting:Achillion Pharmaceuticals, Inc. (ACHN) took a monster run in June, coiled for a couple months, broke out, formed a little flag, and on Monday, it popped out, up 1.02, or 10.45%, on 14 million shares. That’s the second-best volume since June. There appears to be some resistance at 11 1/4, and then 12 1/2, which are the two targets going forward. Beyond that, this looks like a 13-dollar stock. We may see 11 1/4-1/2 as early as Tuesday.
Harry has posted Charts of the Day video on ANET at TheTechTrader site noting: Arista Networks, Inc. (ANET) continues to act well. I like the chart and the stock. After breaking out of the wedge, it did what was expected and retested the 77 high. On Thursday, it ran up to 78.39, very close to the target zone. It closed at 77.35, and was up less than a point, but it’s been moving up steadily for four days in a row now, so let’s see if it will test and break through the highs. The next target is 84-85 if it breaks out.
Harry has posted Charts of the Day video on ANET at TheTechTrader site noting: Arista Networks, Inc. (ANET) acted great on Tuesday. The coil that formed has been narrowing over the last week, and it exploded on Tuesday, up 4.49, or 6.37%, on less than a half million shares at 478,100. Most of the action was at the end of the day, so look for a follow-through on Wednesday to move up and test the 80-dollar range.
Harry has posted Charts of the Day video on GRFS at TheTechTrader site noting:Grifols, S.A. (GRFS) couldn’t have had better timing with the breakaway gap to the downside, and then a 4-day bear wedge, which broke on Thursday. It dropped 1.49, or 4.12%, on 650,500 shares traded. The volume didn’t really pick up to the down side. I think the key was after breaking trendline at 34.70, it broke the long-term trendline. This stock may very well test the top of the channel at 32 short-term, and if it really gets going in a downward run, maybe 29.
Harry has posted Charts of the Day video on CAMP at TheTechTrader site noting: CalAmp Corp. (CAMP) is interesting, and a lot of people in the trading room were worried about this stock, but I’m not sure why. It looks pretty ugly to me. Let’s face it, this stock had a huge drop, from the 35 range down to 13 3/4. That only took a couple months. Of course it was going to get some snapback, but the snapback got to key resistance. The moving averages were trying to cross over, and then the stock collapsed again, only to bounce, pullback, and bounce. Each bounce was with low volume and flat technicals. I see no reason to get upset, covering your shorts just yet. The pattern looks like a bear flag per se. Thursday was a minor reversal, getting up to 18.48, closing at 18.07, but down 10 cents on the day. If it picks up speed to the downside, watch the 16 1/2 area, because if that’s taken out, you’re looking at a stock down around 14 3/4, maybe worse.
Harry has posted Charts of the Day video on CMCM at TheTechTrader site noting: Cheetah Mobile Inc. (CMCM) is acting very well, particularly Thursday’s action. Since the IPO in May, it pulled back, had a run-up, then a basing period for a couple of weeks, it broke out on Wednesday, and followed through wonderfully on Thursday, up 2.80, or 12.7%, on 1.4 million shares, closing at a new all-time closing high. Mid-channel target may provide some resistance so it could pull back, but if momentum carries it forward, this could be a 32-33 dollar stock. So the targets are 29-30, and then 32-33.
Harry has posted Charts of the Day video on TRAK at TheTechTrader site noting: Dealertrack Technologies, Inc. (TRAK), which is a Boxer swing, has a head-and-shoulder top, a rising wedge that formed, it broke, came down, and looks like a bear flag is forming. If this is taken out, look for 36 1/4-1/2, and then 31-2 as the next targets.