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6 Stock Charts to Watch: HOME, INMD, IQ, LCI, MAXR, NTNX

Published 09/12/2019, 01:22 AM
Updated 07/09/2023, 06:31 AM

At At Home Group Inc (NYSE:HOME) continues to look good, up four days in a row now. It popped 45 cents, or 5.26%, to 9.01, on 6.7 million shares on Wednesday. It’s up after the reversal day and looks like it’s going to fill the gap at 10 1/2, which is my first target, and then the second target is 13.

InMode Ltd (NASDAQ:INMD), after a nice pop, this stock went from 19 to 28. I think it’s backing and filling in a wedge pattern, looking for the next leg up. On Wednesday, it jumped 1.64, or 6.5%, to 26.84, on 1.2 million shares. Support is at 24, resistance is at 28, and the target is 32.

iQIYI Inc (NASDAQ:IQ) had a nice pop on Wednesday, with big volume. It gained 1.27, or 7%, to 19.32, on 17 million shares, and backed off resistance. I think that once it gets through 20-20 1/4, it will run up to 22 and 24, which are the targets.

Lannett Company Inc (NYSE:LCI) is continuing its run up. What a beautiful move after the breakout. Up five days in a row. A follow-through day. On Wednesday, it added 1.65, or 13 1/4%, to 14.10, on 3.6 million shares. Support is at 11.50-.65. It looks to me like the momentum will carry it to the 16-17 zone.

Maxar Technologies Inc (TSX:MAXR) is coming on strong two days in a row. Tuesday was a big day for this stock, pushing through the 50 and on Wednesday, it advanced 80 cents, or 10%, to 9.18, on 4.2 million shares, and pushed through lateral price resistance. It’s likely targeting 10 1/4, and then 11 3/4,

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Nutanix Inc (NASDAQ:NTNX), a swing trade of ours, followed through two days to the upside, and five days out of six. Wednesday, it popped 73 cents, or 3% to 27.25, on 4.7 million shares. It looks to me like it’s at resistance, but there is a little bit of a follow-through target at 29, 30 1/2, and then all the way up to 34-5, which is my swing target.

Stocks on the long side included Aimmune Therapeutics, Inc. (AIMT), Corcept Therapeutics Incorporated (CORT), Catalyst Pharmaceuticals, Inc. (CPRX) Funko, Inc. (FNKO), Francesca's Holdings Corporation (FRAN), Fastly, Inc. (FSLY), At Home Group Inc. (HOME), InMode Ltd. (INMD), iQIYI, Inc. (IQ), Lannett Company, Inc. (LCI), Lands' End, Inc. (LE), LSB Industries, Inc. (LXU), Maxar Technologies Inc. (MAXR), Mesoblast Limited (MESO), Minerva Neurosciences, Inc. (NERV), Nutanix, Inc. (NTNX), Invitae Corporation (NVTA), Overstock.com , Inc. (NASDAQ:OSTK), Pinduoduo Inc. (PDD), Rite Aid Corporation (RAD), SolarEdge Technologies, Inc. (SEDG), T2 Biosystems, Inc. (TTOO), and YRC Worldwide Inc. (YRCW).

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