Aurora Cannabis Inc (TO:ACB) popped 26 cents or 4%, to 6.19, on 8.9 million shares on Tuesday. With new progress in Canada, in addition to Farm Bill prospects, this stock is moving. What we’re seeing on this chart on an hourly basis is a big down trend, a little left shoulder, head, southern climax, right shoulder, stopping right at the neckline. It’s targeting 6 3/4, 7 3/4, 8 1/4 before it gets into bigger resistance.
Benefitfocus Inc (NASDAQ:BNFT) has a very positive chart. Look at the long-term. It’s the best we’ve seen in 4 1/2-5 years. It jumped another 1.58, or 3%, to 54.55 on Tuesday. Going forward from that and I could see 60.
Twitter Inc (NYSE:TWTR) had a good day on Tuesday, jumping 2.26, or 7%, to 36.72, on nearly 20 million shares. It got right up to resistance and backed off. I want to point out that there’s resistance right in this area at about the 36 zone. If you get through that, you’ll test the gap, a big one at 37 1/2, and then we’re looking at a gap fill at 41. Targets are 37 1/2 and 41 going forward. It’s moving across the declining topsline as well.
Uxin Ltd (NASDAQ:UXIN) has been on a tear lately, 4 days in a row it’s been up huge, going from under 3 to over 6, doubling. On Tuesday, it was up 1.76, or 30%, to 7.64, on 13 million shares. That thrust with huge volume, tells me that we are not done yet. I’m looking for a move to 7-7 1/4 on this one. If it pulls back and consolidates in that zone, then I'm looking for soething better off near 9.
Stocks on the long side included Aurora Cannabis Inc. (ACB), Aphria Inc. (APHA), Canopy Growth Corporation (CGC), New Age Beverages Corporation (NBEV), Corcept Therapeutics Incorporated (CORT), Glu Mobile Inc. (GLUU), Imprimis Pharmaceuticals, Inc. (IMMY), PolarityTE, Inc. (PTE), Twitter, Inc. (TWTR), Advanced Micro Devices, Inc. (NASDAQ:AMD) Uxin Limited (UXIN).
On the short side, stocks included Axon Enterprise, Inc. (AAXN), Adient plc (ADNT), American Eagle Outfitters, Inc. (NYSE:AEO), Daqo New Energy Corp. (DQ), IntriCon Corporation (IIN), IRadimed Corporation (IRMD), MGP Ingredients, Inc. (MGPI), Polaris Industries Inc. (PII), PVH Corp. (NYSE:PVH), Shutterfly, Inc. (SFLY), Tailored Brands, Inc. (TLRD), and Weight Watchers International, Inc. (WTW).
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