Solars remain strong. Watch stocks like FSLR, JKS and SPWR.
AGEN: Stock broke out of a descending wedge in June traded up to and through lateral resistance at $4.20 and has been up trending strongly. today it reached a high of $5.00 and closed at the top of the range at $5.00 right at resistance. A trade through $5.00 and $$5.75 and $7.50 are the price targets. Short Ratio, 9.8 days to cover.
CBAY: After announcing a secondary offering, the stock dropped sharply to the support area around $6.00. Today, it rebounded sharply regaining most of the loss trading as high as $7.00, closing at $6.94. It is a strong chart to see it rebound after the announcement of the secondary. Through $7.00 and we could see it back to $8.00 and even $9.00.
EROS: Indian Netflix. Stock got crushed on bad financial news and dropped from mid thirties down to $9.00 where it formed a triple bottom. Today it broke through lateral resistance at $12.00 and moved up to $13.05 closing at the top of its range. If this stock trades thourgh $13.30 it could have a quick move to $15.00. Short ratio 28 days to cover, so the squeeze is on.
FOLD: A stock I have been writing about lately after its big gap up move. It traded to a new 52 week high today at $13.88 closing at $13.81. A continuation of the momentum and $15.00 is the next price target. Short ratio, 11.4 days to cover so should add to the upward movement as shorts get squeezed.
KEM: A stock I have been following and trading for the last few months . Today, it made another multi-year high trading as high as $16.75 and closing at $16.70. For a swing trade, the next target is $20.00.
NKTR: Another stock I have been following and writing about for some time. Today it broke through lateral resistance at $21.50 and traded as high as $21.96 before closing at $21.60. If this stock should trade through today's high then $25.00 is the price target. Short ratio, 9.4 days to cover.
NTNX: I was on the wrong side of this trade a few times today and I shouldn't have been as it is a strong chart. It is coming up to a long term descending tops line and lateral resistance so it may need to consolidate in here. But if the momentum continues then $25.00 and $27 are the targets.
QDEL: Big winner off of my watch list last night as the stock was up $5.00 from my entry level trading as high as $38.92 and closing at $37.36. Huge short ratio with 18.2 days to cover. If the short squeeze continues then $43.00 is the price target.
SPWR: Solar stocks remain hot. SPWR traded up through lateral resistance at $11.00 trading as high as $11.42 before closing at $11.07. It is near the top of its up trending channel but if the momentum continues then $12.50 and $14.00 are targets. Short ratio, 6.4 days to cover.
TRVG: Stock has been in a powerful up trending channel since the IPO back in January. It is trading right near the all time high but is at the lower edge of the up trending channel. It traded as high as $23.85 today closing at $23.72. A break into all new highs and $27.00 is the price target. Short ratio 6.3 days to cover.
I am always excited to see which tickers your watching. Great watch last that you make !!
Thanks
TRVG also has earnings on 8/4 which could add to the momentum IMO
No prob
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