Stock Charts To Watch - Monday February 10

Advanced Micro Devices, Inc. (AMD) is on the move again. The pullback held the trendline, 50-day moving average, lateral price resistance, gap, etc, and broke out on Monday, jumping 2.53, or 5.09%, to 52.26, just four cents of the 52.30 high, on 61 million shares traded. If this gets through 52.85, you could see this stock ramping up towards 58-59.

Co-Diagnostics, Inc. (CODX) popped late Jan, pulled back, popped again, formed a wedge, and then exploded on Monday, gaining 96 cents, or 32%, to 3.96, after reaching a high of 4.24, on 29 million shares traded. If it extends on Tuesday, it may very well reach 5 1/2, 6 1/4, which are the near-term targets.

Kezar Life Sciences, Inc. (KZR), which got smacked from the 40’s down to the single digits, broke out of a base on Monday and popped 1.29, or 34.58%, to 5.02, after reaching a high of 5.20, on 1.1 million shares traded. Two weeks ago, it popped on big volume, pulled back, and exploded again. If it gets to 5 1/4 as early as Tuesday, you may see it run to 6 1/2, or more.

MTBC, Inc. (MTBC), a cloud-based healthcare IT solution and service company, exploded back in 2017, pulled back, exploded and coiled, and then consolidated for about a year and a half in the 3 1/4-5 1/2 range. It has moved in the last few days, exploding across key resistance on Monday, gaining 53 cents, or 9%, to 6.87, before pulling back and closing up 6.41, on 533,670 shares traded. I’m looking for an extension to the 8-9 range.

Rite Aid Corporation (RAD) broke out of a coil a couple days ago, and on Monday, exploded 66 cents, or 5%, to 13.75, after reaching a high of 14.50, on 8.6 million shares traded. It got right to resistance and backed off. If it takes out 14 1/2, 18 is my target, and beyond.

Virgin Galactic Holdings, Inc. (SPCE) is rocketing out of an ascending bull coil, up another 1.62, or 8.56%, to 20.55, on a high of 20.68, on 15 million shares traded on Monday. I think we’re going to see 24, and maybe 28 going forward.

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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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