Harry has posted Charts of the Day video on QIHU at TheTechTrader site noting: Qihoo 360 Technology Co. Ltd. (QIHU) is down again, another 3.15, or 4.5% , on 6 million shares, closing at 67.47. It’s increasing in volume as it goes down. Look for it to get down to the 64-64 1/2 range short-term for a swing trade.
Harry has posted Charts of the Day video on HCLP at TheTechTrader site noting:Hi-Crush Partners LP (HCLP) is a new addition to the Boxer Shorts, and if you look at the chart you can see why. It cracked, snapped back, and on Tuesday, it rolled over again, down 1.50. It looks like it could test the 51 range, and then maybe run down to the mid 40’s.
Harry has posted Charts of the Day video on TKMR at TheTechTrader site noting: Tekmira Pharmaceuticals Corp. (TKMR) has exploded big time. It’s in a falling wedge, on low volume, and is looking good. After hours, after the FDA approved the use of their drug for Ebola vaccines, this stock exploded from 21.00 to as high as 28.33, and closed at 27.65, but still it’s up about 6 1/2 points. It looks like it can hold a pullback. There is some resistance at about 31.00.
Harry has posted Charts of the Day video on CYBR at TheTechTrader site noting:Cyber-Ark Software Ltd. (CYBR) is a new issue that’s doing well. Taking a look at it on a 15-minute chart and the 5-minute chart, it finished strong after hours at 32.01. The way it acted Tuesday morning, and the overall short-term pattern, it broke out with a falling wedge, and I wouldn’t be surprised to see it get through resistance at about 32 3/4, and then run up to 35-35 1/2-36.
Harry has posted Charts of the Day video on RWLK at TheTechTrader site noting: ReWalk Robotics Ltd. (RWLK) has been doing well since the IPO. It popped, pulled back, formed a left shoulder-head-right shoulder, ran up, tested the 50-day, ran up again, only to breakdown in after hours on Monday. It has a really good-looking pattern.
Harry has posted Charts of the Day video on MBLY at TheTechTrader site noting: MOBILEYE N.V. (MBLY) is another IPO that’s doing great. After a big run-up and a pullback that held, it ran up to resistance, backed off for a few more days, and on Monday, it popped through everything, up 3.87, or 7.6%, on 9.1 million shares. Right now it looks like its going to head up toward the 58 1/2 short-term, and then 65-7 intermediate-term.
Harry has posted Charts of the Day video on HIMX at TheTechTrader site noting: Himax Technologies, Inc. (HIMX) is doing well, and the swing trade continues to act well. It channeled up, pulled back, popped, formed a 2-day pennant on low volume, popped again, up 55 cents, or 6%, on 10.2 million shares. It looks like it wants to reach up to 10 1/2-11 short-term.
Harry has posted Charts of the Day video on GPRO at TheTechTrader site noting: GoPro, Inc. (GPRO) is a monster stock and absolutely fantastic. Since Aug 14, this stock has gone from 39.00 to 91.77. It’s near the top of the channel, up 7 days in a row, gaining another 8.84 on Monday, or 11%, on 26 million shares. That’s the biggest volume since the first week that it broke out. I wouldn’t be surprised to see this push to 95.00, maybe even 99.00-100.00.
Harry has posted Charts of the Day video on CAG at TheTechTrader site noting:ConAgra Foods, Inc. (CAG), which we traded on Thursday, had some resistance back in 2013 up around the 4-4 1/2 range. Thursday, it closed at 33.48, up 1.47, or 5%, on 9.8 million shares. That’s the biggest volume in three months. It has a substantial year-long base, which was broken. It could lead up into the high 30's, which is the short-term target. Then look for it to head up toward 37 intermediate-term.
Harry has posted Charts of the Day video on YRCW at TheTechTrader site noting: YRC Worldwide Inc. (YRCW) had a spectacular day on Wednesday. It had a big breakaway gap, and then a surge that took it right up to the target at 23 3/4. Wednesday’s high was 23.99, which was a nominal new high. It also tagged the 50-day moving average, which was just pennies from there, so as a result, it backed off a little bit. It now has the potential for a declining topsline, probably Thursday or Friday. Look for a big move. It looks like it will get to 27 again, but we'll have to see if there is a follow-through day.
Harry has posted Charts of the Day video on CSIQ at TheTechTrader site noting: Canadian Solar Inc. (CSIQ) may be the star of the solar group right now by the way it’s acting, with a fantastic earnings report on big volume. It had a breakaway move that took it through the moving averages, lateral resistance, and declining topsline, then it worked its way above major resistance, formed a flag, and consolidated. On Wednesday, it was up 2.76, or 7.35%, on 6.3 million shares. The next target is 45, and then 48.
Harry has posted Charts of the Day video on AVNR at TheTechTrader site noting: Avanir Pharmaceuticals, Inc. (AVNR), which is also one of our swing trades, had a beautiful, explosive break-away gap with volume on Wednesday. It was up 43 cents, or 4%, on 14.7 million shares. Notice that it had a spike-high day on Monday, an inside day on Tuesday, and then on Wednesday, it was back up again to test the high. If it can get through 13.00-13.10, the high being 13.09 on Wednesday, look for a quick run to 16-16 1/2.
Harry has Posted Charts of the Day video on AEGRR at TheTechTrader site noting: Aegerion Pharmaceuticals, Inc. (AEGR) was up 1.28, or 4%, on 1.2 million shares on Wednesday. It looks like a potential nice swing, and we did put out a swing trade on it on Wednesday, because, not only did it take out the major declining topsline, but it broke through the coil that had been forming for three or four days, and broke out across resistance. The next target is at 36 1/2. Once it gets through that, look for it to head up toward 40, and then 44. It’s going to take volume and it needs a thrust, but I like the configuration of the chart – left shoulder-head-right shoulder -- and it does resemble some inverse head-and-shoulder bottoming pattern. So keep an eye on this one.
Harry has posted Charts of the Day video on ENPH at TheTechTrader site noting:Enphase Energy, Inc. (ENPH) is a new swing trade of ours. This stock was up 54 cents, or 3.3%, on 1.1 million shares on Thursday. That’s the best volume in five or six days, and the second best in a couple weeks. After the recent breakout, it looks like this one may be headed up toward 20.
CSCO Still has Unfinished Business on the Upside... One name in the technology sector that has been lagging the high-octane names like Twitter, Inc., Facebook, Inc. (FB), Tesla Motors, Inc. (TSLA), and Intel Corporation (INTC) is Cisco Systems. Inc. (CSCO).
However, that might be on the verge of changing as CSCO looks to be on the verge of upside acceleration after a completed correction off of its July 22 high at 26.08 to the Aug 14 low at 24.32.
In addition, my intermediate-term work argues that CSCO needs one more advance to complete its larger bull phase from the Dec 13, 2013 major corrective low at 20.22 to new highs above 26.50.
Harry has posted Charts of the Day video on NPSP at TheTechTrader site noting: NPS Pharmaceuticals, Inc. (NPSP) is really developing well. Wednesday was a big day for it, breaking the declining topsline and lateral resistance, and it blew up through the moving average as well at the high for the day going away. Expect to see 35 short term, and then 37.
Harry has posted Charts of the Day video on CMRX at TheTechTrader site noting:Chimerix, Inc. (CMRX) is a biotech that is happening. It has multiple tops a couple years apart, and it blew through it on Wednesday, up 1.49, or 17.6%, on nearly a million shares. That’s the biggest volume on an up-day in a year, or longer. It looks like it’s headed up toward the mid 30’s
Harry has posted Charts of the Day video on BDSI at TheTechTrader site noting: BioDelivery Sciences International, Inc. (BDSI), one of our swing trades, is acting great. It had a one-day pullback, consolidated in that zone, and on Wednesday, it popped 41 cents, or 2.39%, on 1.2 million shares. That’s not very big volume for this stock, so it may continue to consolidate for another few days. Watch to see it flag in here, and then go to the high teens, low 20’s.
Harry has posted Charts of the Day video on ARWR at TheTechTrader site noting: Arrowhead Research Corp. (ARWR) is in a bottoming pattern, with a nice pullback retest. It worked its way up to resistance at the 16.90 level, pulled back to test it, consolidated for a week, and on Wednesday, it was up 77 cents, or 4.77%, on 2.9 million shares. Although that wasn’t big volume, it made it through the 17.45 area, and looks like it could take a run to 18 1/4-1/2, and then the low 20’s.
Harry has posted Charts of the Day video on QIHU at TheTechTrader site noting: Qihoo 360 Technology Co. Ltd. (QIHU) looks interesting. It appears to have a massive top in what looks like a left shoulder-head-right shoulder. The major trend channel has been broken, and the double bottom was broken on Tuesday. Expect a test of double bottom from May near 74, which is 8 points from it closed on Tuesday at 82.71.