Stock Charts To Watch - Monday, August 10

Altra Industrial Motion Corp. (AIMC) is not a stock I talk about much, but I want to show you a multiple-top breakout that took place on Monday. This stock exploded 4.61, or 12.3%, to 42.00, with a session high of 42.15, on 927,969 shares traded, which is the biggest volume traded in three months. Potential target is in the 46, and then 50 range. I’ll be looking for an extension that could take it to 60.

Bed Bath & Beyond Inc. (BBBY), an old swing of ours from back in April, still looks good. On Monday it popped 55 cents, or 4.5%, to 12.66, with a session high of 12.89, on 8.9 million shares traded. It is still extending. The 12.89 high is matching or testing the Feb rally-back high after the gap-down, which was 12.97, so it is right there. If it breaks through, a 16-dollar stock is coming up.

Avis Budget Group, Inc. (CAR) on Monday closed up 1.89, or 6.7%, closing at the upper end of the range at 30.07, with a session high of 30.23, on 3.1 million shares traded. That’s good volume, but not great. I suspect this stock will get a follow-through on Tuesday. If it does follow-through, I’m looking at 36 and 40 as targets.

Fulgent Genetics, Inc. (FLGT) moved up 7.65 on Monday, or 21.3%, to 43.49, with a session high of 43.81, on one-million shares traded and is looking phenomenal. After breaking out of a little wedge, it popped and flagged for four days, exploded, pulled back for two days, and then took off on Monday. It looks like it’s going to spike into the 50-55 range. At least, that’s the target.

Sorrento Therapeutics, Inc. (SRNE) had a huge day on Monday with 145 million shares traded. It spiked up another 4.40, or 30%, to 18.82, with a session high of 19.39. It looks to me like it’s headed to 25.

On the long side, stocks included Adamas Pharmaceuticals, Inc. (ADMS), Altra Industrial Motion Corp. (AIMC), Bed Bath & Beyond Inc. (BBBY), Avis Budget Group, Inc. (CAR), CymaBay Therapeutics, Inc. (CBAY), Century Aluminum Company (CENX), CleanSpark, Inc. (CLSK), Evoke Pharma, Inc. (EVOK), Fennec Pharmaceuticals Inc. (FENC), Fulgent Genetics, Inc. (FLGT), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), U.S. Global Jets ETF (JETS), Jumia Technologies AG (JMIA), Kirkland's, Inc. (KIRK), Seres Therapeutics, Inc. (MCRB), Nikola Corporation (NKLA), Omeros Corporation (OMER), Pitney Bowes Inc. (PBI), Pacific Ethanol, Inc. (PEIX), Penn Virginia Corporation (PVAC), RedHill Biopharma Ltd. (RDHL), Renewable Energy Group, Inc. (REGI), Origin Agritech Limited (SEED), Sorrento Therapeutics, Inc. (SRNE), Team, Inc. (TISI), T2 Biosystems, Inc. (TTOO), Vista Outdoor Inc. (VSTO), and YRC Worldwide Inc. (YRCW).

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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