Stock Charts To Watch - Monday, June 1

First Majestic Silver Corp. (AG) is really performing well along with Pan American Silver Corp. (PAAS). These are my two favorite airline stocks. On Monday, AG was up 72 cents, or 7%, to 10.73, with a session high of 10.86, on 9.6 million shares traded, and another 12 cents to 10.86 in after-hours. I’m looking for higher levels here. If silver can do what I think it might, we’re looking at 12 3/4 and 14 for AG.

Dynavax Technologies Corporation (DVAX) exploded on Friday, coming out of a falling wedge, and had a nice follow-through on Monday, jumping 1.80, or 29.4%, to 7.92, with a session high of 8.12, on 34 million shares traded. I don’t think this is done. This pattern, and where resistance is, I think the next target will be a test of 10 dollars.

Myovant Sciences Ltd. (MYOV) made quite a move on Monday, and exploded 4.68, or 38.2%, to 16.93, with a midday session high of 19.00, on 18.6 million shares traded, and an additional 59 cents to 17.52 in after-hours. That’s the biggest volume in six months. It’s up against resistance from the November high. If it gets through here, you’re probably looking at mid-20’s next.

O-I Glass, Inc. (OI), one of our swing trades, popped on Monday, and gained 1.17, or 15%, to 8.83, with a session high of 8.93, on 3.5 million shares traded. It’s at resistance. I think it’s going to run up to 10-10 1/2, maybe 11.

United Natural Foods, Inc. (UNFI) is four waves up, the fifth wave starting with a nice move up on Monday of 1.75, or 9%, to 21.35, after reaching a midday session high of 22.22, on 3.1 million shares traded, and a pop of 71 cents to 21.92 in after-hours. Targets are 28 and 33.

Slack Technologies, Inc. (WORK) was up 2.13, or 6%, to 37.18, on Monday, with a session high of 37.34, on 18 million shares traded. It then hit the target of 38 in after-hours with a move up of 94 cents to 38.12. Next targets have increased to 40, and then 44-45.

Stocks on the long side included Adaptimmune Therapeutics plc (ADAP), First Majestic Silver Corp. (AG), Agenus Inc. (AGEN), Amyris, Inc. (AMRS), Apache Corporation (APA), Ballard Power Systems Inc. (BLDP), Avis Budget Group, Inc. (CAR), Cloudera, Inc. (CLDR), DraftKings Inc. (DKNG), Dynavax Technologies Corporation (DVAX), Kala Pharmaceuticals, Inc. (KALA), Maxar Technologies Inc. (MAXR), MEI Pharma, Inc. (MEIP), Myovant Sciences Ltd. (MYOV), Nautilus, Inc. (NLS), Intellia Therapeutics, Inc. (NTLA), Novavax, Inc. (NVAX), O-I Glass, Inc. (OI), Pan American Silver Corp. (PAAS), Peloton Interactive, Inc. (PTON), Retractable Technologies, Inc. (RVP), Trillium Therapeutics Inc. (TRIL), United Natural Foods, Inc. (UNFI), VectoIQ Acquisition Corp. (VTIQ), Slack Technologies, Inc. (WORK), Slack Technologies, Inc. (WORK), Wrap Technologies, Inc. (WRTC), and ZOOM Technologies, Inc. (ZOOM).

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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