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6 Stock Charts To Watch: CATS, INSG, MRNA, PTON, SPCE, VIPS

Published 04/16/2020, 02:02 AM
Updated 07/09/2023, 06:31 AM

1. Catasys (CATS)

Catasys (NASDAQ:CATS), which has been a very successful swing for us, went from 16 to 26 in about a week, and on Wednesday, it was up 1.53, or 6.6%, to 24.72, with a session and multi-week high of 25.93, on 524,344 shares traded. It had a nice engulfing reversal bar that tells me that it may go higher. I have targets of 28 and 33 going forward.

2. Inseego (INSG)

Inseego (NASDAQ:INSG) one of my top pics for the year, which moved back down in March, went from 4 to 12 in a month. On Wednesday, it ran 54 cents, or 5%, to 11.90, with a high of 12.12, on 6.2 million shares traded, and another 20 cents in after-hours. It looks like it has the momentum to get up to 14, and then maybe 16.

3. Moderna (MRNA)

Moderna (NASDAQ:MRNA) a swing of ours twice, looked great on Wednesday, and ran out across triple tops, jumping 2.59, or 7.47%, to 37.25, with a session and multi-week high of 38.45, on 15.6 million shares traded, along with an additional 55 cents in after-hours. It was a breakout, and I’m looking for it to run up into the 42-44 zone.

4. Peloton Interactive (PTON)

Peloton Interactive (NASDAQ:PTON) crossed a double top on Wednesday, and ran up 3.73, or 12%, to 35.61, with a session high just a point short of the all-time high at 36.03, on 13.3 million shares traded, and another 9 cents in after-hours. It’s at the top of the channel but has slow momentum and has gone from a spike low of 17 to over 35, more than doubling. Resistance up in this zone could pull it back or it could blow to the low 40’s.

5. Virgin Galactic Holdings (SPCE)

Virgin Galactic Holdings Inc (NYSE:SPCE) has a V-bottom with a right-hand extended pattern and breakout that took it up 95 cents, or 5%, to 19.98, with a session high of 21.07, on 31.5 million shares traded on Wednesday. In the last three days it’s been up from 14, and change, to over 21. If it gets through this zone, we may very well see it run to the mid to high 20’s.

6. Vipshop Holdings Limited (VIPS)

Vipshop Holdings Limited (NYSE:VIPS) has a long, rising channel with very little disruption during the market pullback and immediately recovered to test the all-time highs. On Wednesday, it jumped 1.07, or 6.46%, to 17.64, closing at the high for the day at 17.64, on 7.1 million shares traded. I think this stock has more to go. My targets are 19, and maybe low 20’s.

Stocks on the long side

Alpha Pro Tech, Ltd. (APT), Catasys, Inc. (CATS), Chembio Diagnostics, Inc. (CEMI), Compugen Ltd. (CGEN), Inseego Corp. (INSG), Moderna, Inc. (MRNA), Nautilus, Inc. (NLS),Pluristem Therapeutics Inc. (PSTI), Peloton Interactive, Inc. (PTON), Roku, Inc. (ROKU), Virgin Galactic Holdings, Inc. (SPCE), Teladoc Health, Inc. (TDOC), Tesla, Inc. (NASDAQ:TSLA), Vipshop Holdings Limited (VIPS), Vaxart, Inc. (VXRT), Slack Technologies, Inc. (WORK), and ZOOM Technologies, Inc. (ZOOM).

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