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4 Stocks To Watch: APPS, CHRS, RKDA, WKHS

Published 08/22/2019, 01:49 AM
Updated 07/09/2023, 06:31 AM

Digital Turbine Inc (NASDAQ:APPS) is an amazing stock. It has gone from 1.12 last Oct to 7.62 on Wednesday, popping 63 cents, or 9.2%, closing at 7.47, on 5.6 million shares. You can see the way it closed that this stock broke out of a wedge and is headed toward 9 1/2, which is the target going forward.

Coherus BioSciences Inc (NASDAQ:CHRS), which I put a swing on Wednesday, popped in Jan, formed a flag, broke out, had a long run up, pulled back, retested the low, ran up, and formed a falling wedge that took out a little bit of support. It popped up, wedged, and popped out of the wedge a couple days ago and is still running. On Wednesday, it jumped 1.85, or 9.22%, to 21.92, on 1.45 million shares. If it gets through 23.70, we could see 28. Those are the targets.

Arcadia Biosciences Inc (NASDAQ:RKDA) popped, pulled back, I put a swing on it, it immediately popped for a couple points, pulled back again, and on Wednesday, it was up 1.41, or 25%, to 6.96, on 3.25 million shares. I think it’s ready to go again. My targets are 9 1/4 and 10 3/4.

Workhorse Group Inc (NASDAQ:WKHS) may be moving again after a pretty nasty spill and pullback earlier in the month. It recovered and is steadily moving higher. On Wednesday, it was up another 52 cents, or 14%, to 4.16, on 9.3 million shares. If it pops at the resistance zone, I would be looking for a retest of the 5-5 1/4 range, followed by 6 1/2.

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Stocks on the long side included Digital Turbine, Inc. (APPS), Avid Bioservices, Inc. (CDMO), Coherus BioSciences, Inc. (CHRS), Carvana Co. (CVNA), Daqo New Energy Corp. (DQ), Floor & Decor Holdings, Inc. (FND), HyreCar Inc. (HYRE), Infinera Corporation (INFN), Lattice Semiconductor Corporation (LSCC), Niu Technologies (NIU), Pinterest, Inc. (NYSE:PINS), Arcadia Biosciences, Inc. (RKDA), SolarEdge Technologies, Inc. (SEDG), Sientra, Inc. (SIEN), Telaria, Inc. (TLRA), and Workhorse Group Inc. (WKHS).

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