Stock Charts To Watch - Wednesday December 23

We hope that all of you stay safe and have a Happy Holiday!

These are the highlights for tonight:

DermTech, Inc. (DMTK), in a week and a half, went from 11 to Wednesday’s session high at 27 1/2, before pulling back and closing up 2.74, or 13.26%, to 23.40, on 2.5 million shares traded. It then ran up an additional 60 cents to an even 24 in after-hours. It is overbought. You can see from seeing it go from 27 1/2 back down to 23.40 that a pullback occurred, but it was a major breakout from a base pattern. It needs to rest, but we may see higher levels.

FuelCell Energy, Inc. (FCEL) had quite a move up after the explosive move in November, formed a nice 3-week coil, and now it has been up for seven days in a row after Wednesday’s pop of 2.68, or 24.90%, to 13.42, with a session high of 173.8 million shares traded. At this point, it might be headed to 17-18.

Lithium Americas Corp. (LAC), along with other lithium stocks, moved up on Tuesday and Wednesday. From around the first of October, it dropped dramatically out of a fallen wedge to mid-November, held support, and went right back up against resistance. On Wednesday it popped 1.08, or 9.52%, to 12.43, with a session high of 12.98, on 14.9 million shares traded. Secondary targets going forward are 13 3/4 and 16.

Luna Innovations Incorporated (LUNA) popped again on Wednesday with a move up of 1.08, or 11.18%, to 10.74, and a session high of 10.82, on 563,690 shares traded. This swing has been great for us, especially on Wednesday as it popped out of a wedge to test the November high, which was 10.82 exactly, with a double-top. If it gets through here, the targets going forward are 12 and 14.

Sorrento Therapeutics, Inc. (SRNE) woke up on Wednesday with a nice pop of 1.34, or 18.56%, to 8.56, and a session high of 8.88, on 43.1 million shares traded. If this stock can get up through 9.00, it might move quickly to 11, and then 12 1/2.

On the long side, stocks included Aclaris Therapeutics, Inc. (ACRS), Ballard Power Systems Inc. (BLDP), Chicken Soup for the Soul Entertainment, Inc. (CSSE), Cyclacel Pharmaceuticals, Inc. (CYCC), DermTech, Inc. (DMTK), ENGlobal Corporation (ENG), Eos Energy Enterprises, Inc. (EOSE), Evogene Ltd. (EVGN), FuelCell Energy, Inc. (FCEL), Fluent, Inc. (FLNT), Foresight Autonomous Holdings Ltd. (FRSX), FinServ Acquisition Corp. (FSRV), Fuel Tech, Inc. (FTEK), Genprex, Inc. (GNPX), GreenPower Motor Company Inc. (GP), Lithium Americas Corp. (LAC), Luna Innovations Incorporated (LUNA), Magnite, Inc. (MGNI), Mind Medicine (MindMed) Inc. (MMEDF), Northern Genesis Acquisition Corp. (NGA), Ocugen, Inc. (OCGN), Pacific Biosciences of California, Inc. (PACB), Perion Network Ltd. (PERI), Polar Power, Inc. (POLA), RMG Acquisition Corp. (RMG), Origin Agritech Limited (SEED), Sorrento Therapeutics, Inc. (SRNE), Stratasys Ltd. (SSYS), Tupperware Brands Corporation (TUP), AgEagle Aerial Systems, Inc. (UAVS), and Village Farms International, Inc. (VFF).

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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