Stock Charts To Watch - Tuesday, June 23

Alpha Pro Tech, Ltd. (APT) jumped 1.87, or 12%, to 17.48, on 10.8 million shares traded on Tuesday. This stock took off and has been running up the channel for about three weeks now, going from the 9.05 triple-bottom to test the highs up around 18 3/4. With Tuesday’s high at 18.20, it’s almost ready to blow out here to targets at 21-21 1/2 and 27-28.

Co-Diagnostics, Inc. (CODX) popped on Tuesday, reversed from 16.17 to 18.88, ramping up 2.21, or 13.4%, closing at the upper end of the range at 18.70, on a solid 5.8 million shares traded. Watch on Wednesday for it to take out 19.85. If it can do that, it may run into the 22-23 zone.

Dynavax Technologies Corporation (DVAX) popped out of a two-day consolidation and moved up 69 cents, or 10.4%, to 7.34, after reaching a session high 10 cents higher at 7.44, on 6.5 million shares traded, and another 16 cents to 7.50 in after-hours. Now, I’m looking for a spike high at the 8-10-12 level to lead it up to 9-10 plus if momentum carries it forward.

Novavax, Inc. (NVAX) certainly is ramping up. It has been in a nice rising channel 8 days in a row, and on Tuesday, it jumped 3.71, or 5.6%, to 69.66, to new all-time and session highs at 69.98, on 6.1 million shares traded. It popped another 1.94 to 71.60 in after-hours. This is one of the best-looking charts around. I would not be shocked if, eventually, this is 100-dollar stock.

21Vianet Group, Inc. (VNET) has an explosive look, went through a quadruple top, and kept going, exploding 2.23, or 10.4%, to 23.75, with a session high of 24.58, on 5.4 million shares traded, and another 74 cents in after-hours. It may be long in the tooth, and I would probably wait on this one since it looks like it reached the top of the parallel channel. It may need a consolidation, but eventually, you could see mid-to-high 20’s.

Workhorse Group Inc. (WKHS) made another explosive, blow-off type pattern, and looks like it formed an exhaustion gap on Tuesday. It popped 1.03, or 17.4%, to 6.95, with a run from 2.45 to a high of 7.48, on 26.4 million shares traded, and an additional 24 cents in after-hours. That was huge volume for this stock. An explosive move across key resistance might get a little additional momentum. The next target will be 8 1/2.

Stocks on the Long Side included Alpha Pro Tech, Ltd. (APT), Ballard Power Systems Inc. (BLDP), Co-Diagnostics, Inc. (CODX), CytoDyn Inc. (CYDY), Daqo New Energy Corp. (DQ), Dynavax Technologies Corporation (DVAX), First Solar, Inc. (FSLR), Hepion Pharmaceuticals, Inc. (HEPA), Inovio Pharmaceuticals, Inc. (INO), Kadmon Holdings, Inc. (KDMN), Limelight Networks, Inc. (LLNW), Myovant Sciences Ltd. (MYOV), Nikola Corporation (NKLA), Neoleukin Therapeutics, Inc. (NLTX), Novavax, Inc. (NVAX), Invitae Corporation (NVTA), Plug Power Inc. (PLUG), Peloton Interactive, Inc. (PTON), Origin Agritech Limited (SEED), Translate Bio, Inc. (TBIO), Urban One, Inc. (UONE), 21Vianet Group, Inc. (VNET), Workhorse Group Inc. (WKHS), 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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