Stock Charts To Watch - Monday, June 8

Azul S.A. (AZUL) really ran on Monday, popping 4.50, or 35%, to 17.30, just 1 cent off the session high at 17.31, and another 1.61 to 18.90 in after-hours on 15 million shares traded. That’s the biggest volume ever seen on this stock. I think it may get a short-term peak, and it’s at a gap fill. That might be a reason for it to back and fill, but if it does extend, the next target could be 23.

Marathon Oil Corporation (MRO) is an oil stock I like a lot. On Monday it jumped 1.11, or 15%, to 8.43, just a nickel off the session high at 8.48, on 70 million shares traded. It exploded through the trading range with a big gap on Friday and another gap on Monday. It has now been up six days in a row, going from 5.25 to 8.50. My targets going forward are 9 1/4 and 11.

Occidental Petroleum Corporation (OXY), one of our swing trades, exploded on Friday, had a beautiful follow-through on Monday, moved up 3.61, or 17%. To 24.40, with a session and all-tine high of 24.50, on 128 million shares traded. Next targets are 26 and 28.

Pyxus International, Inc. (PYX), a marijuana stock, on Monday popped 1.49, or 41.4%, to 5.09, with a midday session high of 5.50, on 2.7 million shares traded. I’m looking for more upside. The next target is around 7 3/4.

Transocean Ltd. (RIG) formed an inverse head and shoulders, then popped with a breakaway gap on Friday, and followed through on Monday with a move up of 1.25, or 50%, to 3.75, not far off the session high at 3.82, on 107 million shares traded. It gained another 20 cents to 3.95 in after-hours. RIG may need to back and fill a little bit, but momentum might carry it to 5-5 1/4, or more.

United Natural Foods, Inc. (UNFI) on Monday popped 1.83, or 8.8%, to 22.61, just a dime off the 22.71 session high, on 1.9 million shares traded, and 19 cents to 22.80 in after-hours. I love the look of this stock. It has the potential to run to 28, and then 33-34.

Stocks on the long side included Acacia Research Corporation (ACTG), Apache Corporation (APA), Azul S.A. (AZUL), Gol Linhas Aereas Inteligentes S.A. (GOL), Beyond Meat, Inc. (BYND), Catasys, Inc. (CATS), Carnival Corporation (CCL), Cerence Inc. (CRNC), Cronos Group Inc. (CRON), Delta Air Lines, Inc. (DAL), Digital Ally, Inc. (DGLY), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Halliburton Company (HAL), U.S. Global Jets ETF (JETS), Kiniksa Pharmaceuticals, Ltd. (KNSA), Maxar Technologies Inc. (MAXR), Marathon Oil Corporation (MRO), Navidea Biopharmaceuticals, Inc. (NAVB), Nabors Industries Ltd. (NBR), Norwegian Cruise Line Holdings Ltd. (NCLH), NIO Inc. (NIO), Nikola Corporation (NKLA), Occidental Petroleum Corporation (OXY), Pyxus International, Inc. (PYX), Royal Caribbean Cruises Ltd. (RCL), Transocean Ltd. (RIG), Tesla, Inc. (TSLA), United Airlines Holdings, Inc. (UAL). United Natural Foods, Inc. (UNFI), Village Farms International, Inc. (VFF), and Zynex, Inc. (ZYXI).

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 investing ...

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