Harry has posted Charts of the Day video on TDOC at TheTechTrader site noting; Teladoc, Inc. (TDOC), a swing trade of ours, backed off earlier and I told everyone that at the 15.45 area to take a look at this area for momentum play out towards 18. On Thursday, it was up 9 cents, and closed at 16.02. That was a terrific close. It looks like it has more to go. It has 14 days to cover.
Harry has posted Charts of the Day video on MBLY at TheTechTrader site noting: Mobileye N.V. (MBLY) had an explosive move on big news on Thursday that they’re doing a joint venture with BMW and Intel Corporation (INTC). It exploded all the way up to 49, before backing off to 46.14, up 4.18, or 10%, on 16.2 million shares. It reached to 9.00 points at one point. I think it may have run up and pulled back too quickly. It’s holding support. I think we’re going to see 50-52, maybe even 55, if it goes to the top of the channel. It has 15 days to cover.
Harry has posted Charts of the Day video on EXAS at TheTechTrader site noting: Exact Sciences Corporation (EXAS) looks beautiful. On Thursday it popped on 10.5 million shares. That’s best volume in three weeks. It spiked up to 13.20, and pulled back a point, but it was still up 96 cents to 12.25, or 8.5%. Unfortunately, it didn’t close well, but it was a really nice session. Keep in mind that it’s gone from 5, and change, to 13 just in the last six weeks. I’m looking for 15 and 17 as the next targets on the stock.
Harry has posted Charts of the Day video on AQMS TheTechTrader site noting Aqua Metals, Inc. (AQMS), after consolidating, ran up in May, had a 3-wave corrective pull back, is holding trendline and 50-day moving averages, and in the last three days it was up, but, more importantly, on Thursday it popped 4 cents to 1.77, or 3.57, on 161,212. I would like to see the volume come in a little heavier. Of course, it did stick its head out above resistance above the 11.50-.60 range, reaching 11.92, and settling at the 11.77 close. It’s going to need more volume, but I think a retest of 13-13.05 is due, but it looks to me like this stock may be headed to the high teens. The 17-18 zone is potentially a swing trade. It has 3 days to cover.
Harry has posted Charts of the Day video on MDVN at TheTechTrader site noting: Medivation, Inc. (MDVN) is looking really well. For the first time in about 6-7 weeks it actually spiked up with a breakaway gap, and moved back above the moving averages, spiked and closed at the highs for the day on Wednesday, up 3.16 to 60.95, or 5.47%, on 3.5 million shares. Technically, it needs to take out 62.87.
Harry has posted Charts of the Day video on BCOR at TheTechTrader site noting: Blucora, Inc. (BCOR) is a swing trade that is working, after coming through the recent pullback very nicely. On Wednesday it was up 40 cents to 10.30, or 4%, on 777,600 shares traded. It’s approaching a multiple triple-top area of resistance around 10.75-.80. If it can get through that, I’m looking for 12 3/4, maybe as high as 15. It has 4.75 days to cover.
Harry has posted Charts of the Day video on AQMS at TheTechTrader site noting: Aqua Metals, Inc. (AQMS), which had two waves up, and possibly just completed its fourth. It may have started last week before the debacle. It went up on Friday when they got hammered, came down on Monday when there was a follow-through, but held the moving average and trendline, had a nice inside day on Tuesday, and popped on Wednesday, up 76 cents to 11.36, or 7%, on 165,900 shares traded. I want to see it get through the 11.70-2 zone. If it gaps up and runs on Thursday, it may very well start to run again, so I issued a new swing trade on it. I believe this one may be headed to 17 or 18. It has 3 days to cover short. It has a nice, overall technical picture, including OBV and volume.
Harry has posted Charts of the Day video on TDOC at TheTechTrader site noting: Teladoc, Inc. (TDOC) is a new issue for us. We put out a swing trade on it on Tuesday. I’ve been following this for a while, and when it broke out, I put a letter at 13.63, and it closed a point above that. Targets are 15 3/4, and then the whole way up to the high teens. It has 14.6 days to cover.
Harry has posted Charts of the Day video on SUPN at TheTechTrader site noting: Supernus Pharmaceuticals, Inc. (SUPN) is one of the better junior biotech’s. The Feb low was under 10, and now it has gotten up to 20, more than doubling in that amount of time and in multiple waves. On Tuesday it was up 1.01 to 19.06, or 5.6%, on 425,492 shares traded. It may very well be headed toward the 20-21 zone, even as high as 23 short-term. It has 5.6 days to cover.
Harry has posted Charts of the Day video on NVAC at TheTechTrader site noting: Novavax, Inc. (NVAX) is a swing trade of ours that is doing well. It jumped 70 cents to 6.97, or 11%, on 9.4 million shares on Tuesday. That’s the biggest volume on an up-day in a month. More importantly, it’s pushing resistance, and closed at the highest close than I’ve ever seen on it. If it pops through here, I’m looking for 8.00, and then 9.00 plus. It has 11.7 days to cover.
Harry has posted Charts of the Day video on ANIP at TheTechTrader site noting: ANI Pharmaceuticals, Inc. (ANIP), a swing trade of ours, snapped back nicely. It pulled back right at support, bounced to resistance, pulled back again when the market got tanked, but held, and on Tuesday, it popped4.45 to 57.00, or 8.47%, on 377,035 shares traded. That was the best volume on an up-day in about three weeks. Looks to me like, with the close at 57, this could very well start the breakout. Mid-channel targets are 63-64, and then 72-73. It has 6.25 days to cover. I think this is one of the better-acting biotech’s.
Harry has posted Charts of the Day video on KMX at TheTechTrader site noting: CarMax Inc. (KMX) rolled over, broke a wedge, broke support, and looks like it’s headed to the 41-42 zone quickly.
Harry has posted Charts of the Day video on FL at TheTechTrader site noting: Foot Locker, Inc. (FL) rolled over and bear-wedged, giving an indication that this is a short. It’s steadily moving lower. On Monday it was down 1.32 to 51.79, or 2.5%, on 2.8 million shares. The target for FL is around 48.
Harry has posted Charts of the Day video on UGAZ at TheTechTrader site noting: The VelocityShares 3x Long Natural Gas ETN (UGAZ) is also doing well, up another 2.70 to 39.60, or 7.3%, on 2.3 million shares. I’m looking to see if it can test and take out 42. It’s at short-term resistance and the target at 42. Mid-to-high 40’s are intermediate-term targets.
Harry has posted Charts of the Day video on FAZ at TheTechTrader site noting: The Direxion Daily Financial Bear 3X ETF (FAZ). Financials are really getting whacked. The FAZ spiked up, broke out, and gapped two days in a row on big volume. It tested 45 3/4 target on Monday, so the next target will be 49 1/2. I would not be shocked to see an extension if the market died on Tuesday.
Harry has posted Charts of the Day video on NADL at TheTechTrader site noting: North Atlantic Drilling Limited (NADL), a new swing trade of ours, literally achieved its target in 2-3 hours. This stock ran from 6 1/2 to 8 that quickly. But look at the move on Thursday, up 1.90 to 7.82, or 32%, on 1.45 million shares. It has 9.2 days to cover. We may very well see an extension that takes this to 10.00.
Harry has posted Charts of the Day video on JOY at TheTechTrader site noting: Joy Global, Inc. (JOY) had a great day on Thursday, up 1.34 to 22.76, or 6%, on 3.6 million shares. I put out a swing on this one. I just love this pattern. It’s a nice, explosive, breakaway move up to resistance, and then a beautiful pennant, or coil-type consolidation. This stock could run to 25 as early as Friday, and then maybe as high as 30-32. It has 5 days to cover.
Harry has posted Charts of the Day video on CWEI at TheTechTrader site noting: Clayton Williams Energy, Inc. (CWEI) is an old swing that continues to give. On Thursday it was up 3.07 to 29.59, or 11.58%, on 783,839 shares traded. After running up one and two in a wedge pattern, holding the trend lines and moving averages after the crossovers, then the surge to secondary resistance at my secondary target up near 30-31, then another pullback falling wedge, on Thursday it popped out of that little, mini 3-day consolidation, following the reversal. The reversal day is at 33.14, so I’m looking to see if it tests 33, and then ultimately 42-43. This is a great-looking chart.
Harry has posted Charts of the Day video on ALRM at TheTechTrader site noting: Alarm.com Holdings, Inc. (ALRM) has a reputation for being a good company. It popped on Thursday, up 2.57 to 25.09, or 11.4%, on 632,454 shares traded. It’s a new issue, but doesn’t trade that much. To me, the top of the channel is beckoning around 28-28 1/2. We could see another three points on it and could be an interesting follow-through on Friday. It has 18.02 days to cover.
Harry has posted Charts of the Day video on RTRX at TheTechTrader site noting: Retrophin, Inc. (RTRX) is intriguing. It has a big move 2014-15, taking it from the 6-7 range all the way up to the high 30’s, it came down in 5 waves, double-bottomed, broke out, formed a new rising channel, and on Wednesday it popped 39 cents to 18.48, or 2.16%, on 787,500 shares traded. I am looking for this to be a 23-dollar stock going forward. It has 12.44 days to cover.