Stock Charts To Watch - Wednesday, April 1

Allied Healthcare Products, Inc. (AHPI) is still at the apex, but, still, on Wednesday it popped 2.56, or 15%, to 20.07, having reached a session high of 20.95, on 1 million shares traded and another 1.53, or 7.6%, to 21.60 in after-hours. If it pops or gaps on Thursday, it’s going to fly. The first target is 27 1/2, and then we’re looking in the low to mid 30’s.

Athersys, Inc. (ATHX) has been exploding five days in a row now, and on Wednesday, it popped 98 cents, or 33%, to 3.98, after reaching a multi-week and session high of 4.38, on 19.2 million shares traded and another 39 cents, or 9.8%, to 4.37, in after-hours. Take a look at the pop off the lows and the beautiful, little wedge that formed. The apex had a low-volume ebb, and then it exploded, literally going from 1.80 to 4.40 in about four days. It is overbought. The 2014 high at 4.34 may mean that it needs to pullback and retest, but I wanted to show it to you.

InflaRx N.V. (IFRX) had a massive breakaway gap on Wednesday, exploding 1.91, or 50%, to 5.73, with a high of 6.97, on 27.5 million shares traded. It’s at the top of the channel and pulled back, but if it backs and fills, my next target is 9.00 plus.

NCR Corporation (NCR) has a pattern I like and is setting up nicely. It had a reversal day to the upside on Wednesday, when many stocks are doing the opposite, and gained 1.11, or 6.27%, to 18.81, with a high of 19.33, on 3.4 million shares traded. There’s some resistance at the rally high, and if it gets through that, I’m looking for something up around 22 as my target.

Peloton Interactive, Inc. (PTON) exploded and came back with a vengeance, on Wednesday, jumping 1.41, or 5.3%, to 27.96, with a high of 29.34, on 11.2 million shares traded, and added another 14 cents to 28.10. If it can get up through the session high to 30, or so, my next target is in the 32-34 zone.

Teladoc Health, Inc. (TDOC) had a nice reversal as well on Wednesday, and moved up 7.52, or 4.85%, to 162.63, reaching a session high of 166.85, on 3.1 million shares traded with an after-hours increase of 47 cents, to 163.00. Now, in a wedge-type pattern, it has a nice set-up for an extension. If it does extend, this might be a 195-200-dollar stock, which I said two weeks ago.

Stocks on the long side included AA, Allied Healthcare Products, Inc. (AHPI), AIM ImmunoTech Inc. (AIM), Amarin Corporation (AMRN), Blue Apron Holdings, Inc. (APRN), Alpha Pro Tech, Ltd. (APT), Athersys, Inc. (ATHX), InflaRx N.V. (IFRX), Lakeland Industries, Inc. (LAKE), NCR Corporation (NCR), Cloudflare, Inc. (NET), Novavax, Inc. (NVAX), OraSure Technologies, Inc. (OSUR), Peloton Interactive, Inc. (PTON), Teladoc Health, Inc. (TDOC), steel, and Beyond Air, Inc. (XAIR).

On the short side, stocks included Copa Holdings, S.A. (CPA), Copart, Inc. (CPRT), CVR Energy, Inc. (CVI), BRP Inc. (DOOO), Darden Restaurants, Inc. (DRI), Edwards Lifesciences Corporation (EW), Expedia Group, Inc. (EXPE), Gentex Corporation (GNTX), MGP Ingredients, Inc. (MGPI), Napco Security Technologies, Inc. (NSSC), Anaplan, Inc. (PLAN), Six Flags Entertainment Corporation (SIX), TripAdvisor, Inc. (TRIP), World Acceptance Corporation (WRLD), and World Wrestling Entertainment, Inc. (WWE).

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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