It was a lousy day on Wall Street on Monday. We had some retrace, so we’re going to go over some long and short stocks to see how they’re doing.
ReWalk Robotics Ltd. (RWLK) is a new stock, so we’ll take a look at the 15-minute chart. It had a slow run-up and then a slow declining channel. The earlier pop on Monday reached 32.00. The overall structure is good, and potentially, it could be forming an ascending channel very nicely. There’s a platform going on, with sideways consolidation, and it looks like it wants to break out of it. It may very well gap up tomorrow. The overall look it that it came down in a 4-day decline, and popped out on Monday. There’s a little bit of resistance at 32 3/4. The target is 37-8 zone.
GoPro Inc (NASDAQ:GPRO) is still looking good. After it came down, it was in a consolidation-type pattern. This stock twice held key support around 63 1/4-3/4, but it has to get through 71 1/2. It needs to get running, first into the high 70’s, and then the mid 80’s.
Stocks on the Short Side….
Qihoo 360 Technology Co Ltd (NYSE:QIHU) is very interesting. It has a very large, massive head-and-shoulders pattern that came down steadily for 4-5 weeks, and Monday morning it hit right under 73, and then rallied a little bit, but it was still down 1.69, or 2.2%. It’s right on the 74.94 line. The next stop is 64.00.
Waddell & Reed Financial Inc (NYSE:WDR) is a Boxer Swing short. It broke through the bear flag last week, rallied for a couple days, and then rolled over. Watch the support at 51 1/4, and beyond that, this stock could go all the way down to the 45-7 zone.
Other on Harry’s Charts of the Day are Ambarella Inc (NASDAQ:AMBA), VASCO Data Security International (NASDAQ:VDSI),Tekmira Pharmaceuticals Corporation (NASDAQ:TKMR), Mobileye Nv (NYSE:MBLY), Direxion Daily Gold Miners Bear 2X (NYSE:DUST), and Direxion Daily Jr Gld Mnrs Bear 3X (NYSE:JDST).
On the short side, stocks include Acxiom Corporation (NASDAQ:ACXM), Ascent Capital Group Inc (NASDAQ:ASCMA), CalAmp Corp (NASDAQ:CAMP), eHealth Inc (NASDAQ:EHTH), Interactive Intelligence Group Inc (NASDAQ:ININ), Kindred Healthcare Inc (NYSE:KND), Michael Kors Holdings Limited (NYSE:KORS), Silicom (TA:SILC), Terex Corporation (NYSE:TEX), and Tupperware Brands Corporation (NYSE:TUP).