Stock Charts To Watch - Monday, November 18

Advanced Micro Devices, Inc. (AMD) hit one penny off my 40-dollar target on Monday. It was up 1.32, or 3.42%, to 39.88, with a high of 39.99, on 66.3 million shares. The next target is 47. I have a target of 45 and 46, but it looks to me now like--at the top of the channel and lateral price resistance-- 47 might be the target.

Clovis Oncology, Inc. (CLVS) swing keeps working and Monday was another stellar day for this stock, particularly late in the session when it popped 88 cents, or 10.66%, to 7.06, with a high of 7.17, on 9.4 million shares traded. Targets going forward are 7 3/4 and 9 1/2.

Collegium Pharmaceutical, Inc. (COLL) swing, which tried to move on Monday, was up 75 cents, or 4.11%, to 18.86, with a high of 19.01, on 302,604 shares traded. It looks like it may be trying to come out of a little falling wedge. If it extends beyond 20, I’m looking for a move to 22, and then 26.

CRISPR Therapeutics AG (CRSP) is still moving. It’s been up nine days in a row, and on Monday, it gained another 1.66, or 2.92%, to 58.53, with a high of 58.84, on 786,888 shares traded. This stock has gone from 47 to nearly 59. There’s resistance right there, but the top of the channel comes in at 59-60, which is the next target.

InMode Ltd. (INMD) reached my second and third targets. On Monday, it jumped 2.79, or 5.64%, to 52.23, with a high of 58.76, on 3.56 million shares. This stock blew through my 52 and 58 targets, going from 29 1/2 two weeks ago to 58 3/4, almost 30 points. It’s time to pare back some, and sure enough, late in the day it did.

Maxar Technologies Inc. (MAXR), after a 2-day pullback, is acting very well in here, gaining 61 cents, or 5.3%, to 12.11, with a high of 12.52, on 1.89 million shares on Monday. If it gets up through the 12 3/4 range, you may see this stock run toward 14, and then 17.

Orion Energy Systems, Inc (OESX) popped 42 cents, or 12.46%, to 3.70, with a high of 3.84, on the biggest volume all year on Monday at 1.5 million shares, and I put a swing on it. I love this chart. The long-term chart has multiple waves up, then a long, multi-month consolidation, which resulted in a move to the upside with the breakaway pop. I’m now looking for a quick run to 4.35, and then 6.00 eventually.

SeaChange International, Inc. (SEAC) popped on Thursday, flagged for a couple days, with very low volume on Friday. But on Monday, it took off again, gaining 25 cents, or 7.5%, to 3.58, with a high of 3.64, on 332,534 shares traded. The next targets are 4-4 1/4 and 5 1/2.

Stocks on the long side included Agenus Inc. (AGEN), Advanced Micro Devices, Inc. (AMD), Ballard Power Systems Inc. (BLDP), Clovis Oncology, Inc. (CLVS), Collegium Pharmaceutical, Inc. (COLL), Capstone Turbine Corporation (CPST), CRISPR Therapeutics AG (CRSP), Digi International Inc. (DGII), Dicerna Pharmaceuticals, Inc. (DRNA), Eidos Therapeutics, Inc. (EIDX), GSX Techedu Inc. (GSX), InMode Ltd. (INMD), El Pollo Loco Holdings, Inc. (LOCO), Maxar Technologies Inc. (MAXR), Orion Energy Systems, Inc (OESX), Progyny, Inc. (PGNY), Peloton Interactive, Inc. (PTON), SeaChange International, Inc. (SEAC), and Yandex N.V. (YNDX).

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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