Stock Charts To Watch - Tuesday, June 30

Akebia Therapeutics, Inc. (AKBA) actually broke out on Tuesday from a 2-month consolidation, popping 88 cents, or 7%, closing at the session high of the day at 13.58, on 2.3 million shares traded. This was not significant in terms of volume, but it is significant in terms of price. The highest level reached on AKBA was back in 2018. There might be an extension coming up, and I’m looking for a move to about 15-16, and then 18, or better, may be had next.

Blink Charging Co. (BLNK) has been exploding for three days, and Tuesday made the fourth day with a move up of 1.67, or 42%, to 5.68, with a multi-week and session high of 6.74, on an insane 66 million shares traded. This stock has gone from 2 1/2 to 6 3/4, nearly tripling, in those four days. It was a breakaway move indeed, with big volume on the upside. At some point, I think we may see a follow-through to 8-8 1/4, and if it gets crazy, maybe a move to 12-13. We’ll have to see about that, though.

Co-Diagnostics, Inc. (CODX) popped late in the day on Tuesday, up 1.91, or 11%, to 19.35, with a midday session high of 19.85, on 5.2 million shares traded. That’s not quite significant volume yet. It will be, in my opinion, if it gets across resistance. It perfectly designates resistance for the last seven weeks. 19 1/2 and it may get there as early as Wednesday. You can see a spike that takes it into the mid to high 20’s.

Polar Power, Inc. (POLA) had a monster move on Tuesday, exploding 3.59, or 262%, closing at the session high of the day at 4.96, on 145 million shares traded, closing at the upper end of the range. It moved up even higher in after-hours before pulling back. Let’s see if it gets some follow-through. There’s heavy resistance, but if it does get an extension, I’m targeting 6-6 1/4.

Tandem Diabetes Care, Inc. (TNDM) jumped 11.11, or 13%, to 98.92, with a multi-week and session high of 99.32, on 3.2 million shares traded. It had four tops that were broken on Tuesday with a thrust, closing at the upper end of the range. This one looks to me like a mid-range target at 110 and upper range at 130.

1 2
View single page >> |

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.