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American Airlines Group Inc. (NASDAQ:AAL) had one of the biggest days in its history Thursday. Just an hour before closing, it ran up to 18.18, pulled back, and closed up 5.03, or 42 1/2%, to 16.88, on a monster 399 million shares traded, and then traded another 2.37 to 19.11 in after-hours. This move usually signifies a massive trend change. Although there is resistance here, I’m going to look for secondary resistance around 20. It’s going to be tougher to get through, but if it does, we’re looking at 24.
Delta Air Lines, Inc. (NYSE:DAL), a swing of ours, had a big day on Thursday as well. It jumped 4.36, or 15.3%, to 32.83, on a whopping 134 million shares traded. DAL also kept moving up in after-hours, gaining another 3.24 to 35.63. This move was significant enough to tell me that it may be on its way to higher levels. The next targets are 36 and 39.
Luckin Coffee Inc. (NASDAQ:LK), after getting crushed for about six weeks, and dropping all the way down to 1.31, reversed, ran back up, and on Thursday, it gained 1.80, or 70%, to 4.38, after reaching a high of 4.94, on 29.7 million shares traded. There’s a little bit of resistance here. My next targets are 5 1/2-6 and then 7-7 1/4.
Genprex, Inc. (NASDAQ:GNPX) closed up 45 cents, or 16%, to 3.27, with a session high of 3.77, on 6.7 million shares traded on Thursday. It broke out of a little falling wedge. Let’s watch this one on Friday. Target (NYSE:TGT) is about 3.60, and then the spike high at 4.50.
InMode Ltd. (NASDAQ:INMD), a swing trade of ours, is doing well, up about six days in a row, coming out of a double top. On Thursday, it was up 1.30, or 4%, to 34.00, with an early morning session high of 34.90, on 1.2 million shares traded. I’m looking for a test of 37ish to get it up to 40.
U.S. Concrete, Inc. (USCR), another swing trade of ours, popped 1.80, or 7.36%, on Thursday, to 26.25, not far of its session high of 26.41, on 759, 666 shares traded. I wouldn’t be shocked to see this stock run to 30, and then 35-36.
Stocks on the long side included Alcoa Corporation (NYSE:AA), American Airlines Group Inc. (AAL), Allegheny Technologies Incorporated (NYSE:ATI), Bed Bath & Beyond Inc. (NASDAQ:BBBY), Delta Air Lines, Inc. (DAL), Eldorado Resorts, Inc. (NASDAQ:ERI), Penn National Gaming, Inc. (NASDAQ:PENN), Genprex, Inc. (GNPX), InMode Ltd. (INMD), U.S. Global Jets ETF (JETS), Luckin Coffee Inc. (LK),NIO Inc. (NIO), Dave & Buster's Entertainment, Inc. (PLAY), Plug Power Inc. (NASDAQ:PLUG), Penn Virginia Corporation (NASDAQ:PVAC), Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), Spirit Airlines, Inc. (NYSE:SAVE), Targa Resources Corp. (NYSE:TRGP), United Airlines Holdings, Inc. (NASDAQ:UAL), U.S. Concrete, Inc. (USCR), Veritone, Inc. (NASDAQ:VERI), and Wrap Technologies, Inc. (NASDAQ:WRTC).
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