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Harry has posted Charts of the Day video on CETX at TheTechTrader site noting: Cemtrex Inc. (CETX) has been acting great. On Wednesday, it had another surge of 22 cents to 3.93, or 5.9%, on 295,814 shares traded. That was somewhat light volume. I think that if it gets over the 4.05 range in what looks like a big wedge, it could go vertical up towards 5-5.15, even as high as 5.50. http://tinyurl.com/jgja6nm
Harry has posted Charts of the Day video on AMBA at TheTechTrader site noting: Ambarella, Inc. (AMBA) jumped 1.60 to 51.03, or 3.24%, on 692,419 shares traded. The reason I put a swing trade on it on Wednesday is because it had multiple waves down, it built a base, broke out of the base, and formed a bull flag. It had a nice reversal day. For me, this could be the beginning of leg three, which could take it to mid-60’s. It has a lot of room to run. Look for a potential move to the 59-60-61 area first, and then the mid-60’s. http://tinyurl.com/jgja6nm
Harry has posted Charts of the Day video on RRGB at TheTechTrader site noting: Red Robin Gourmet Burgers Inc. (RRGB) continues to get hammered, down another 84 cents to 47.55, or 1.7%, on 207,646 shares traded on Tuesday. I think this is a stock that is destined to get killed. Targets are 40, and then 35. http://tinyurl.com/ja89cpx
Harry has posted Charts of the Day video on LXFT at TheTechTrader site noting: Luxoft Holding, Inc. (LXFT) continues to act well as a short, down 31 cents to 49.61, on 526,000 shares traded on Tuesday. You can see how, with a break away gap, it bouncing, and then coming down lower, I’m looking for a test of 46 3/4-47, and then as low as 41-42. http://tinyurl.com/ja89cpx
Harry has posted Charts of the Day video on WB at TheTechTrader site noting: Weibo Corporation (WB) is breaking out of a 3-week consolidation flag. It was up 36 cents to 28.90, or 1.2%, on 1.7 million shares on Tuesday. It looks like it has broken out now and is headed for 31, and then mid 30’s. This is a strong swing trade. http://tinyurl.com/ja89cpx
Harry has posted Charts of the Day video on BCOR at TheTechTrader site noting: Blucora, Inc. (BCOR) was up only 35 cents to 11.05, or 3%, on 12 million shares, but it’s looking good. More importantly, taking out the Nov-Dec highs, it may take a run at the 13 range. The current target is 12 1/2-13. Beyond that I’m looking for 15, plus it has 4 3/4 days to cover. http://tinyurl.com/ja89cpx
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.
http://tinyurl.com/h9dna29
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. http://tinyurl.com/h9dna29
Harry has posted Charts of the Day video on AQMS at 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. http://tinyurl.com/h9dna29
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. http://tinyurl.com/hkj98y9
Harry has posted Charts of the Day video on SYMBOL at TheTechTrader site noting: Keryx Biopharmaceuticals Inc. (KERX) is a swing trade that’s going to work after a pop out, a pullback, and key resistance that was taken out on Wednesday. It popped 54 cents to 6.76, or 8.68%, on 1.5 million shares. I want it to get through the recent highs near 7.00 to get up towards 8.00. Those are my two targets on this one. It has 15.12 days to cover. http://tinyurl.com/hkj98y9
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. http://tinyurl.com/hkj98y9
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. http://tinyurl.com/hkj98y9
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. http://tinyurl.com/j7gr482
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. http://tinyurl.com/j7gr482
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. http://tinyurl.com/j7gr482
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. http://tinyurl.com/j7gr482
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. http://tinyurl.com/j7gr482
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. http://tinyurl.com/qg247y6
Harry Boxer's Charts of the Day
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. http://tinyurl.com/qg247y6
Harry Boxer's Charts of the Day
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. http://tinyurl.com/qg247y6
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. http://tinyurl.com/qg247y6
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. Atlantic Drilling Limited (NADL), Natera, Inc. (NTRA), NVIDIA Corporation (NVDA), and Yelp Inc. (YELP). http://tinyurl.com/h33bhoo
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. http://tinyurl.com/h33bhoo
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.a http://tinyurl.com/h33bhoo
Harry has posted Charts of the Day video on SYMBOL atALRM 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. http://tinyurl.com/h33bhoo
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. http://tinyurl.com/jmy46ye
Harry has posted Charts of the Day video on GIMO at TheTechTrader site noting: Gigamon Inc. (GIMO) is doing fantastic, up 1.21 to 38.24, or 3.2%, on 1.15 million shares on Wednesday. It’s been up seven days in a row. In the last five days it has moved from 32, and change, to 38 1/2, so six points. The next target is 41. It has 3.51 days to cover. http://tinyurl.com/jmy46ye
Harry has posted Charts of the Day video on EXAS at TheTechTrader site noting:Exact Sciences Corporation (EXAS) is doing well. Although it had that big spike up, it pulled back and held, and on Wednesday it had and inside day, up 36 cents to 10.35, or 3.6%, on 3.5 million shares. With volume acting stronger, I’m wondering if this is continuing to consolidate for another week or two, then go, where it immediately takes out 11 1/2 area, and then moves onto the 14 1/2 area. Eventually it may get a gap fill that takes it up to 18. It is 13.15 days to cover. http://tinyurl.com/jmy46ye
Harry has posted Charts of the Day video on AOSL at TheTechTrader site noting: Alpha & Omega Semiconductor, Ltd. (AOSL) has gone up more than a hundred percent in the last year, going from under 7.00 to over 15.00 in a very strong, steady trend. I would not be shocked to see this stock get to 17-18 going forward. It has 2.68 days to cover. Wednesday was a key breakout day, though, across real key resistance. It was up 26 cents to 14.68, or 1.8%, on 422,100 shares traded. That was the biggest volume since April. http://tinyurl.com/jmy46ye
Harry has posted Charts of the Day video on NUS at TheTechTrader site noting: Nu Skin Enterprises Inc. (NUS) had a big breakout on Thursday, up 4.21 to 44.90, or 10%, on 3 million shares. A big declining topsline was broken recently, and the inverse neckline was broken on Thursday. Perhaps we’re going to see a test of 49.90-50 coming up.
Harry has posted Charts of the Day video on CETX at TheTechTrader site noting Cemtrex Inc. (CETX) looks pretty good. This low-price stock with an explosive move pullback and then a bigger one, reached the December resistance zone up around 3.75 by tagging 3.82 recently. It pulled back in a nice little wedge on low volume on Thursday. The apex of the wedge does mean it’s going to 4.25, and then 5.00.
Harry has posted Charts of the Day video on AXDX at TheTechTrader site noting:Accelerate Diagnostics, Inc. (AXDX) has really be acting well. After a 3-wave, corrective pullback, and a nice base, it popped and went right up to the declining topsline and backed off. It was actually down 59 cents to 16.28 on Thursday. I put a swing on it. I’m looking for it to ideally hold a pullback around 15 1/2, 19, and eventually 23-24.
Harry has posted Charts of the Day video on ACIA at TheTechTrader site noting: Acacia Communications, Inc. (ACIA) is looking well, and Wall Street is liking this one, up 2.47 to 44.32, or 5.9%, on just under a million shares traded. It had a big run-up, consolidated, popped out, and looks like it’s ready to run again. If it does, it’s four waves up and the fifth wave should take it to 50, give or take a point.
Harry has posted Charts of the Day video on CMG at TheTechTrader site noting: Chipotle Mexican Grill, Inc. (CMG) reversed back down again after having one good day. It has gone from 402.00 to 389.00, closing down 4.95 to 390.31, or 1.25%, on 1.2 million shares on Wednesday. Watch this one if it gets under 385.00. It could be down to 350.00 pretty quickly.
Harry has posted Charts of the Day video on ATHN at TheTechTrader site noting: On the short side, ATHENAHEALTH, INC. (ATHN) has been down five days in a row, including Wednesday, down 59 cents to 129.25, on 158,211 shares traded. I’m looking for that one “smack” day to take it down sharply into the 120-22 range. I think it may be coming. It has 20 days to cover. The shorts could be right on this one.
Harry has posted Charts of the Day video on EXAS at TheTechTrader site noting: Exact Sciences Corporation (EXAS) is very interesting. I put a swing on it on Wednesday after it pulled back. Looking at the stock now after having gone from 5.30 to 12 1/2 pre-market. One hundred and fifty percent in about three weeks. We decided to wait for the pullback and we got the pullback. The fundamentals and technicals look good. It has 13 days to cover. I think the pullback was a buying opportunity, and the best thing it could do is be up on Thursday, but it may back and fill in here for a bit, consolidate the base breakout, then head up to 12 1/2, and then 15. On Wednesday it was down 6 cents to 9.33, on 39 million shares, which is very good volume.
Harry has posted Charts of the Day video on AXDX at TheTechTrader site noting: Accelerate Diagnostics, Inc. (AXDX) made a big move on Wednesday, up 3.19 to 16.87, or 23%, on 912,037 shares traded. It has a hundred million in cash and 28 days to cover, some strong fundamentals, and with a breakout on Wednesday of this nature, and 900,000 shares traded, which is good volume for that stock, we may very well be seeing a retest of the 19-20 zone, and then following that 23-24. Those are the targets. Be sure to watch the short position.
Harry has posted Charts of the Day video on GLOG at TheTechTrader site noting:GasLog Ltd. (GLOG), one of our swing trades, has been beautifully running up in a little, tight channel eight days in a row, and on Wednesday, it broke through the top of that, up 26 cents to 13.85, or 2%, on 478,471 shares traded. If it can extend on Thursday, the short-term target is 15-15 3/4. The top of the channel beckons around 19, 21-22. This could be an interesting stock to watch with nearly 7 days to cover.
Harry has posted Charts of the Day video on ECOM at TheTechTrader site noting:ChannelAdvisor Corporation (ECOM) has an interesting chart. It closed up 18 cents to 14.42, or 1.26%, on 1.3 million shares. Here’s a stock that double-topped in 2014, came down 5 waves with a big fifth-wave spike, based out, tried to break out, retested, and the one-year chart shows a basing pattern. I think the key is going to be the double-top at 14.73 twice. On Wednesday, this stock jumped to 14.45, and closed at 14.42. You can see the entry into the resistance zone. If it gets through there, I’m looking for 16-17 short-term, and long-term this could be a 20-23 dollar stock. It has 8.37 days to cover.