Advanced Micro Devices Inc (NASDAQ:AMD) had a really nice day on Monday. You can see that recently, after breaking out here and pulling back and wedging, it formed a coil and broke out of the coil with big volume. Pulled back for five days and Monday it popped 94 cents, or 5%, to 19.43, on 79 million shares. Volume picked to the best of four sessions. I believe we’re breaking out, probably headed for 22, 22 1/2. The intermediate target is going to be upwards in the high 20s and of course your short term support would be last week’s pull back low of 18.
DISH Network Corporation (NASDAQ:DISH) key long term break out in my opinion. On Monday, it was up 2.00, or 6%, to 26.20, on 7 million shares. The long term declining topsline having gone down from the mid 60s to the high 20s, and then triple bottoming there. This is the kind of volume you want to see when you’re breaking out. Friday, the stock exploded through the moving average and stalled out at the trend line. Monday, it followed through. Next target 40 and 45.
DocuSign Inc (NASDAQ:DOCU) is one of the recent IPOs has done very well after the big run up. Pulled back from the little base. It broke out Thursday, pulled back, and then followed through with another 2.99, or 5%, to 60.00, on 941,844 shares. I’m looking for a retest of 66 short term. If we get through that, who knows where that goes.
Teladoc Inc (NYSE:TDOC) is right at resistance, but was up 3.50, or 5.60%, to 66.00, on 1.6 million shares on Monday. I feel like it’s going to explode. Next target would be a retest of the high at 71. If we get through 71-1 ½, 77-8.
Stocks on the long side included Advanced Micro Devices, Inc. (AMD), Blink Charging Co. (BLNK), DISH Network Corporation (DISH), DocuSign, Inc. (DOCU), Energy Recovery, Inc. (ERII), First Trust Mid Cap Value AlphaDEX (NASDAQ:FNK), GreenSky, Inc. (GSKY), Intelsat S.A. (I), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Everspin Technologies, Inc. (MRAM), Protagonist Therapeutics, Inc. (PTGX), SurModics Inc (NASDAQ:SRDX), and Teladoc, Inc. (TDOC).
Watch video here.