Stock Charts To Watch - Wednesday, Jan. 22

ACM Research, Inc. (ACMR) exploded on Wednesday, jumping 5.84, or 14%, to 48.51, after reaching a session and a 52-week high of 51.20, on 2.8 million shares. It was in a coiling-type base pattern in Dec, popped, flagged, and then really started to accelerate when volume came in around the 21-22 zone to the 50-dollar range. This stock got way ahead of itself. Be very careful with this one. It has momentum, but I don’t want to get caught when it comes down.

Applied Genetic Technologies Corporation (AGTC) on Wednesday popped out of that wedge I showed you this weekend and advanced another 1.61, or 19.52%, to 9.86, after running up to the session and 52-week high at 10.42, on 2.3 million shares traded. It’s four waves up and wave five may very well take this stock flying into the teens.

Clarivate Analytics (CCC) has extended the move we showed you last week, and then popped out at the 17-18 zone. On Wednesday, it was up 65 cents, or 3.36%, to 20.02, just pennies off its high if 20.08, on 3.1 million shares. I think the top of the channel is beckoning. The target is 22 1/2.

Nutanix, Inc. (NTNX) popped 1.71, or 5%, to 36.33, after reaching a high of 36.87, on 3.7 million shares on Wednesday. I think this one is ready to make a move to 40, and then 44 going forward.

SeaChange International, Inc. (SEAC) is recovering and is now at the apex of a coil, popping 24 cents, or 6.23%, to 4.13, before pulling back and closing up 4.09, on 582,798 shares traded on Wednesday. The next target is 5 1/2.

Virgin Galactic Holdings, Inc. (SPCE) exploded on Wednesday, and popped another 2.42, or 14%, to 19.72, and was up another 48 cents in after-hours, after reaching a session and a 52-week high of 19.84, or 34.3 million shares traded. That’s the biggest volume I’ve ever seen on this stock. It looks like we need to be careful.

Tetraphase Pharmaceuticals, Inc. (TTPH) popped as well, taking out resistance, and gaining 88 cents, or 30%, to 3.84, just two cents off the 3.86 high, on 674,487 shares traded. Now, we’re looking for it to advance to about 4.30, and then take a run at the 5 1/4 range.

Stocks on the long side included ACM Research, Inc. (ACMR), Applied Genetic Technologies Corporation (AGTC), Aphria Inc. (APHA), Clarivate Analytics (CCC), Cerence Inc. (CRNC), EverQuote, Inc. (EVER), Express, Inc. (EXPR), GreenSky, Inc. (GSKY), Eastman Kodak Company (KODK), LexinFintech Holdings Ltd. (LX), NantKwest, Inc. (NK), Neoleukin Therapeutics, Inc. (NLTX), Nutanix, Inc. (NTNX), Cassava Sciences, Inc. (SAVA), Sea Limited (SE), SeaChange International, Inc. (SEAC), Virgin Galactic Holdings, Inc. (SPCE), Tetraphase Pharmaceuticals, Inc. (TTPH), Wrap Technologies, Inc. (WRTC), Intersect ENT, Inc. (XENT), XPEL, Inc. (XPEL), and Zymeworks Inc. (ZYME).

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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