Reasonable day on Wall Street today with the NDX being the strongest of the indices.
AKAO: Since December, the stock has been in an up trending channel where it hit a high of $27.90 at the top of the channel in early March. It then made an orderly retracement coming down to the lower edge of the channel. It bounced off of support there and the last two days has been up very strong. Today it traded as high as $26.96 closing at $25.69. It need to break above the former high and if it does then $31.00 is the price target. Shorts, 3.6 days to cover.
CBMX: Stock has been in an up trending channel since its double bottom in November last year. Today it popped through lateral resistance and traded as high as $5.75. There is overhead resistance at $6.00. If it can trade through that level then $8.00 is the next stop.
CRCM: Stock broke out of a falling wedge today trading as high as $12.55 closing at $12.49. The close is the highest level since 2014. I would look to go long over today's high with $14.00 as the near term price target.
CTRL: In early February this stock gapped up sharply from $11.00ish to trade as high as $16.00. It then consolidated sideways forming a slight descending channel. Today it popped through the declining tops line and traded as high as $16.17, closing at $16.00. It does have lateral resistance at $16.50. If it should get through that level then the price target is $19.00 and $20.00. Shorts 3.6 days to cover.
MAGS: Huge reversal for this stock today. It traded down to the lower edge of the up trending channel at $6.80 and closed right near the top of its range at $7.85 after hitting a high of $8.00. I would look to go long over $8.00 with $9.00 as the price target.
TTPH: Stock is in an up trending channel after breaking out of a 1 year base pattern. It traded as high as $8.75 today closing at $8.67. There is overhead resistance at $9.00. But a break through that and $10.50 and $13.00 are my targets.
whats ur take on SHOP?
Like your style. Thanks.
April. I know the analysts like it a lot and it is a very powerful chart. But it is too high priced for me to trade.
Bob, OMER reported news, looking like could break 16.40 from yesterdays list.
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