Stock Charts To Watch - Thursday, August 13

BioCryst Pharmaceuticals, Inc. (BCRX) drifted lower and finally broke out on Thursday with a pop on 12 million shares traded and a move up of 63 cents, or 16%, to 4.60, just 6 cents off the session high at 4.66. This move is telling me that this stock made an important breakaway move. There’s some support here, but it ran up, and I think you're going to get the same thing with a move to 5 3/4, 6, maybe even 7 1/4.

Conduent Incorporated (CNDT) made an explosive move out of a base and then pulled back. There’s probably a swing here. It did pop 33 cents, or 8.8%, to 4.08, just 10 cents off the session high at 4.10, on 2.6 million shares traded on Thursday. I think my target is going to be upward of about 6 3/4-7. It’s now sitting at 4.00, so this could be an intriguing opportunity. We’ll see how it goes.

Fulgent Genetics, Inc. (FLGT) made a fantastic move off the March low. After spiking down to 6.70, this stock has now gone up about 7-fold. On Thursday, it jumped 4.55, or 11%, to 46.18, with a session high of 46.97, on nearly a million shares traded, and after-hours added another 57 cents to 46.75. You can see the rising pattern showing that there is the possibility for an explosive move out of the rising wedge into a spike to the 50’s and 60’s.

Revolve Group, Inc. (RVLV) had a great 2-day start into the weekend. It ripped on Thursday, ramping 4.30, or 22%, to 23.80, with a session high of 24.00 even, on 11.7 million shares traded. That’s very big volume for that stock. There’s some resistance in this zone. I would say this stock has a good shot at 26-27. Then we’re looking at 30.

Vista Outdoor Inc. (VSTO) is really a powerful chart of a low-priced stock and it’s running. On Thursday, it was up 97 cents, or 5%, to 22.22, with a session high of 22.45, on 1.1 million shares traded. I think it has it’s designs on mid-20’s and mid 30’s.

On the long side, stocks included BioCryst Pharmaceuticals, Inc. (BCRX), Conduent Incorporated (CNDT), Cardiff Oncology, Inc. (CRDF), DarioHealth Corp. (DRIO), Evoke Pharma, Inc. (EVOK), Freeport-McMoRan Inc. (FCX), Fluidigm Corporation (FLDM), Fulgent Genetics, Inc. (FLGT), Fossil Group, Inc. (FOSL), First Solar, Inc. (FSLR), Arcimoto, Inc. (FUV), Grayscale Bitcoin Trust (BTC) (GBTC), GrowGeneration Corp. (GRWG), Maxar Technologies Inc. (MAXR), Microbot Medical Inc. (MBOT), Seres Therapeutics, Inc. (MCRB), Owens & Minor, Inc. (OMI), Perion Network Ltd. (PERI), Quanterix Corporation (QTRX), Riot Blockchain, Inc. (RIOT), Rocket Companies, Inc. (RKT), Revolve Group, Inc. (RVLV), Retractable Technologies, Inc. (RVP), Origin Agritech Limited (SEED), Tortoise Acquisition Corp. (SHLL), ShockWave Medical, Inc. (SWAV), U.S. Gold Corp. (USAU), U.S. Concrete, Inc. (USCR), Vista Outdoor Inc. (VSTO), and Wrap Technologies, Inc. (WRTC).

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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