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6 Stocks To Watch: ACB, AMRN, HUYA, IQ OSTK, ROKU

By Harry BoxerStock MarketsMar 05, 2019 11:59PM ET
www.investing.com/analysis/acb-amrn-huya-iq-ostk-roku-200394893
6 Stocks To Watch: ACB, AMRN, HUYA, IQ OSTK, ROKU
By Harry Boxer   |  Mar 05, 2019 11:59PM ET
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Aurora Cannabis Inc. (ACB)

Aurora Cannabis Inc (TO:ACB) one of our old swing trades, is actually ramping up. Note the spike highs on the chart. The double top, and two other tops were right there again. On Tuesday, it was up 88 cents, or 12%, to 8.10, on a whopping 73 million shares traded. That’s the biggest volume I’ve ever seen on this stock. It closed at the upper end of the range near the top of the day. If it can get through the 8.10 zone, it could possibly run up to 10-10 1/2.

Amarin Corporation (AMRN)

Amarin Corporation PLC (NASDAQ:AMRN) is looking better. It ran up to within 9 cents of resistance and backed off, popping 81 cents, or 3.77%, to 22.30, on 11.6 million shares on Tuesday. If it gets through here, I’m looking at a stock that could get into 27ish, which is the next target, and then something much better than that if it can get through that level.

HUYA Inc. (HUYA)

HUYA Inc (NYSE:HUYA) made a big move on Tuesday, jumping 5.40, or 22%, to 29.96, on 22 million shares. That’s huge volume for this stock, the biggest I’ve seen since the IPO days. There’s resistance in the 30.66 area. Tuesday’s high was 30.00 even. It may run up to the mid 30’s, and if it gets through there, the next target is 39-40.

iQIYI, Inc. (IQ)

iQIYI Inc (NASDAQ:IQ) may have popped out of the current wedge that it’s forming, moving up 80 cents, or 3%, to 27.46, on 10 million shares on Tuesday. That’s nothing huge but keep an eye on it because the next target on it is 33.00.

Overstock.com, Inc. (OSTK)

Overstock.com, Inc. (NASDAQ:OSTK) finally started to move. On Tuesday, it was up 92 cents, or 4.36%, to 22.00 even, on 3.6 million shares. It’s ramping up, and the volume looks good on an up-day. I think this stock is right at resistance, and if it can get through here, the targets are 27, 31, etc. going forward.

Roku, Inc. (ROKU)

Roku Inc (NASDAQ:ROKU) continued to flag on Tuesday, stair-stepping its way up 1.73, or 2.65%, to 58.83, on 9.3 million shares. With the OBV holding the way it is, and the rising flag, it may accelerate on an angle and get up into the mid 70’s, maybe even the mid 80’s. It has a very strong pattern.

Stocks on the long side

Aurora Cannabis Inc. (ACB), Canopy Growth Corporation (CGC), Cronos Group Inc. (CRON), Amarin Corporation plc (AMRN), Aqua Metals, Inc. (AQMS), Cool Holdings, Inc. (AWSM), Axsome Therapeutics, Inc. (AXSM), BEST Inc. (BEST), Carvana Co. (CVNA), HUYA Inc. (HUYA), HyreCar Inc. (HYRE), iQIYI, Inc. (IQ), Osiris Therapeutics, Inc. (OSIR), Overstock.com, Inc. (OSTK), Qutoutiao Inc. (QTT), Roku, Inc. (ROKU), Sea Limited (SE), SMTC Corporation (SMTX), Sogou Inc. (SOGO), Tandem Diabetes Care, Inc. (TNDM), and YY Inc. (YY).

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6 Stocks To Watch: ACB, AMRN, HUYA, IQ OSTK, ROKU
 

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6 Stocks To Watch: ACB, AMRN, HUYA, IQ OSTK, ROKU

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Comments (2)
Ashraf Sorathiya
Ashraf Sorathiya Mar 06, 2019 8:16AM ET
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Thanks for the insight.
Ashraf Sorathiya
Ashraf Sorathiya Mar 06, 2019 8:15AM ET
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Thank you.
 
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