Stock Charts To Watch - August 19, 2019

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AMRS (00:08)  ARWR, EIDX (00:48) ELF (01:13) EXEL, INFN (01:34) NEOG, PAYS (01:55) PERI, QIWI (02:25)

SINA, SLDB (03:02)SONO, SPWR (03:35) SWCH, TROV (04:04) USAT (04:27) WB, XON (04:50) XPO (05:20)


Amyris, Inc. (AMRS) had a really good session on Monday, jumping 74 cents, or 20%, to 4.41, on 1.5 million shares. The overall structure with a massive left shoulder complex-head-right shoulder could be construed as a big head and shoulder pattern. It has gone from 1.87 to as high as 6.00, along with about 2.13, which added on makes it about 8-8.25, maybe even 9 1/2. It closed right at resistance or slightly above it. My targets are 5.15, 6.00, and 7.00.

Arrowhead Pharmaceuticals, Inc. (ARWR) really looks good. On Monday it was up 2.53, or 8%, to 33.72, on 1.7 million shares It has gone from 10 1/2 to 34 in the last 8-9 months. It looks like it could go higher. I’m still targeting 40, 42, maybe more.

Neogen Corporation (NEOG) swing trade, after a base, breakout, and 3-way corrective pullback, it’s trying to pop again. On Monday it was up 83 cents, or 1.17%, to 71.79, on 127,401 shares traded. If it gets through 72, we could see 82 going forward.

Perion Network Ltd. (PERI) is acting great. It continues to push, and on Monday, it popped 62 cents, or 11%, to 6.25, on 1 million shares. In the last week and a half it has gone from 41/4 to 6.38. It looks like 7.00 is the near-term target.

SunPower Corporation (SPWR) popped 35 cents, or 2.7%, to 13.23, on 2 million shares on Monday. This stock has nothing spectacular going on, but it does have a 3-way corrective move at the trendline and is moving. OBV is holding up well. I’m looking for a retest of 15, 16 1/2, and 17 1/2.

XPO Logistics, Inc. (XPO), also a swing, jumped 1.25, or 1.9%, to 68.08, on 627,419 shares traded on Monday. It broke out of a base, pulled back in a falling wedge, and then has been popping out, but it needs more volume. Nevertheless, I think this has a shot at retesting 73 3/4, and then 81 and 90.

Stocks on the long side included Amyris, Inc. (AMRS), Arrowhead Pharmaceuticals, Inc. (ARWR), Eidos Therapeutics, Inc. (EIDX), e.l.f. Beauty, Inc. (ELF), Exelixis, Inc. (EXEL), Neogen Corporation (NEOG), PaySign, Inc. (PAYS), Perion Network Ltd. (PERI), Qiwi plc (QIWI), SINA Corporation (SINA), Solid Biosciences Inc. (SLDB), Sonos, Inc. (SONO), SunPower Corporation (SPWR), Switch, Inc. (SWCH), TrovaGene, Inc. (TROV), USA Technologies, Inc. (USAT), Weibo Corporation (WB), Intrexon Corporation (XON), and XPO Logistics, Inc. (XPO).

Disclaimer:

Mr. Boxer's commentaries, trading ideas and model trades represent his own opinions and should not be relied upon for purposes of effecting securities transactions or other ...

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