Harry has posted Charts of the Day video on AMBA at TheTechTrader site noting: Ambarella, Inc. (AMBA) sure is looking good. It’s has been up nearly every day for two weeks. Friday was the big volume day, then a pullback, and Monday it followed through, up 2.02, or 5.47%, on 3.2 million shares. Unfortunately, I didn’t put a swing on this one. The long-term chart pattern shows it to be mid-channel at the 48-50 zone. We’ll have to wait and see if it does a curve up.
Harry has posted Charts of the Day video on YY at TheTechTrader site noting:YY Inc. (YY) has been bucking up against the key-resistance level, but it did break out above it on Thursday, up 3.37, or 1.8%, on 3.3 million shares. That’s the best volume on an up-day in three weeks. If the market starts to move up, and this stock begins to move, the targets are 108-110. If there’s any follow-though on Friday, this stock should hit its target.
Harry has posted Charts of the Day video on TASR at TheTechTrader site noting: TASER International Inc. (TASR) has had some interesting action. It had a pop in mid-Aug, a break through the moving averages, consolidated, had a sharp reversal on Wed, and then a breakout on Thursday, up 81 cents, or 4.8%, on 7.6 million shares. That was the biggest volume on an up-day in seven or eight weeks. It didn’t close well. It does have a double top at the 18.25-.35 area, but it reached 18.39 in after hours. If it gets through here and runs on Friday, it could see 19 1/2-20, and maybe even a test of the Feb high at 20.83.
Harry has posted Charts of the Day video on JCP at TheTechTrader site noting: J. C. Penney Company, Inc. (JCP) has an interesting chart, with a massive base that has broken out, it formed a rather large wedge that it exploded through, retested, topped up, retested, and on Thursday, it was up another 53 cents, or 5.27%, on 30 million shares. It reached a high of 11.28, a nominal new high over 11.24, but closed at 11.18. Still, it was a decent day with good volume. If there’s a follow-through on Friday, the target is 12 1/2.
Harry has posted Charts of the Day video on AMBA at TheTechTrader site noting: Ambarella, Inc. (AMBA) has a nice long-term chart, and looks like that from Jan until now it has created a left shoulder-head-right shoulder, and it comes up to the neckline. This stock ran all the way up to 39 3/4 on strong earnings report, and then it drifted lower, and closed at 38.08. It’s still up 2 1/2 points. Let’s see what happens. It wouldn’t be surprising to see this one breakout to the low 40’s short-term.wedge
Harry has posted Charts of the Day video on INFI at TheTechTrader site noting: Infinity Pharmaceuticals, Inc. (INFI) had a very big day on Wednesday, up 4.51, or 44%, on 17 million shares. It struck two major deals, including a payment of $250 million on every on every half, which is huge. You can see the declining channel, which was broken out with a major, major move on Wednesday. I suspect this stock could go as high as 18-18 1/4 and then 23 1/2. A stock like this with nearly 18 million shares traded usually works its way higher.
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.