Stock Charts To Watch - Wednesday, November 13

Advanced Micro Devices, Inc. (AMD) continues to push forward after breaking out in the low 30’s and I put a swing on it. On Wednesday, it popped 81 cents, or 2.21%, to 37.52, with a high of 37.96, on 67.4 million shares. My target was 39, 40, 44. When it went up to 37.96, it broke out of a little wedge, so the targets are now 40, 44, and then 48.

Amarin Corporation plc (AMRN) is on the move after that big pop on Tuesday. It followed through on Wednesday, gaining 55 cents, or 2.63%, to 21.49, with a high of 22.05, on 23.5 million shares. I believe I am now looking for a test of the 23 1/2-24 zone, and then 26. Those are my targets going forward. You may get a pullback. Look for an entry opportunity.

Arrowhead Pharmaceuticals, Inc. (ARWR) is spectacular. On Wednesday, it closed up another 3.23, or 7.15%, to 48.51, with a high of 48.87, on 2.5 million shares. This stock looks outstanding but short-term it’s overbought. It has gone from under 6.00, to over 23 1/2 in just five weeks, and is at the top of the channel. It may accelerate, eventually, though, to be a 70-80-dollar stock.

Clovis Oncology, Inc. (CLVS) is on the move, as well. After a 2-day run on low volume, it was up again on Wednesday, running 1.09, or 19.85%, to 6.55, with a high of 6.80, on 31.2 million shares. That’s the second-biggest volume it has ever had that I can see. I think this stock is headed for 8 and then 9 1/2

CRISPR Therapeutics AG (CRSP) had a nice inside day of 1.42, or 2.65%, to 55.00, on Wednesday, with a high of 56.00, on a little over 1 million shares. I think it can go higher. If there is no wedge, Tuesday’s consolidation above resistance tells me we can go to 58, and then 64.

Inogen, Inc. (INGN) is in a perfect 5-6-day little, mini-wedge, and popped out on Wednesday, gaining 1.05, or 1.52%, to 70.10, with a high of 70.13, on 416,961 shares traded. If this extends at all, targets are 73 3/4, 78, 85 and 95, going forward.

SeaChange International, Inc. (SEAC) is doing very well, and on Wednesday, it was up 32 cents, or 10.74%, to 3.30, with a high of 3.44, on nearly 1 million shares. After it popped, it formed a 2-month trading range and did it with volume. I’m looking for an extension to 4-4 1/4, and eventually 5 1/2-6.

Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Amarin Corporation plc (AMRN), Arrowhead Pharmaceuticals, Inc. (ARWR), Antares Pharma, Inc. (ATRS), Cardlytics, Inc. (CDLX), Clovis Oncology, Inc. (CLVS), Constellation Pharmaceuticals, Inc. (CNST), CRISPR Therapeutics AG (CRSP), Covetrus, Inc. (CVET), Datadog, Inc. (DDOG), The Walt Disney Company (DIS), Fastly, Inc. (FSLY), Infinera Corporation (INFN), Inogen, Inc. (INGN), Jounce Therapeutics, Inc. (JNCE), Luckin Coffee Inc. (LK), MACOM Technology Solutions (MTSI), comScore, Inc. (SCOR), SeaChange International, Inc. (SEAC), and Verso Corporation (VRS).

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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