Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Charts To Watch: BBBY, IMGN, INMD, KLXE, MCF, PCG, REGI

By Harry BoxerStock MarketsDec 18, 2019 12:34AM ET
www.investing.com/analysis/charts-to-watch-bbby-imgn-inmd-klxe-mcf-pcg-regi-200493308
Charts To Watch: BBBY, IMGN, INMD, KLXE, MCF, PCG, REGI
By Harry Boxer   |  Dec 18, 2019 12:34AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

  • Bed Bath & Beyond Inc. (NASDAQ:BBBY) exploded on Tuesday, jumping 1.70, or 11%, to 16.88, with a high of 17.15, and trading a hefty 14.1 million shares, the biggest volume in two months. This swing trade continues to act well. After pulling back to test the 50-day and the trendline late Nov, it exploded off of it, backed off to resistance, broke through, consolidated, and then exploded on Tuesday. That was a nice move. It looks like it’s headed higher. Mid-channel target is 18 1/2-19, secondary target is 21-22.

  • ImmunoGen , Inc. (NASDAQ:IMGN) exploded the last two days, coming out of a falling wedge, popping 73 cents, or 19%, to 4.62, with a high of 4.72, on a heavy 14.4 million shares traded. It was a nice breakout day. Now, I’m looking for a move that takes it up to 6.00, and see if it goes beyond that.

  • InMode Ltd . (NASDAQ:INMD), which I issued a new swing on Tuesday, gained 1.38, or 3.3%, to 43.20, with a high of 44.49, on a solid 2 million shares. I’m a believe that wave five is about to start. I need a follow-through though. If it will punch up through 44.49 and take it up three or four points, then mid-term we’re looking at the 57-59 zone. Long-term it may potentially reach low to mid 70’s, maybe even high 80’s eventually.

  • KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) recently dropped from the mid-20’s down to 4.00, had an accelerated climax, a breakaway spike-up, broke out through resistance, followed-through, formed a coil, and on Tuesday, it popped 34 cents, or 5.24%, to 6.73, reaching a high of 6.94, on 492,422 shares traded. I think it’s coming out of this coil, and about to go to the 7 1/2-3/4 zone. Stay tuned.

  • Contango Oil & Gas Company (NYSE:MCF), another junior oil stock, exploded on Tuesday for 53 cents, or 17%, to 3.63, with a high of 3.63, on 528,038 shares traded, and took out resistance. Now, I’m looking for a test of 4.05, followed by about 4.50. Those are my targets.

  • PG&E Corporation (NYSE:PCG) snapped back beautifully on Tuesday, after taking the big dip on Monday, and ran up 1.24, or 13%, to 10.91, with a high of 11.13, on 33 million shares. It formed a nice reversal bar. I’m now looking for a retest of 12, and if it gets some energy, then 13, 14, and 15.

  • Renewable Energy Group, Inc. (NASDAQ:REGI) has absolutely gone bonkers the last two days, going from 17 3/4 to 28 1/2, more than 10 points in just two days. Tuesday, it was up 5.32 of those 10 points, or 27%, to 25.08, reaching a high of 28.44, on 5.2 million shares. It formed a massive breakaway gap. Now, you can see why I gave you a swing on this one. It’s a beautiful chart, and it did make it to my target on Tuesday at the 28-9 zone. The next target is 32-33, if it has momentum, which I think it does.

Stocks on the long side included Acasti Pharma Inc. (ACST), Ardelyx, Inc. (ARDX), Arlo Technologies, Inc. (ARLO), Alphatec Holdings, Inc. (ATEC), Aurinia Pharmaceuticals Inc. (AUPH), Bed Bath & Beyond Inc. (BBBY), Big Lots, Inc. (NYSE:BIG), Coda Octopus Group, Inc. (CODA), InflaRx N.V. (IFRX), ImmunoGen, Inc. (IMGN), InMode Ltd. (INMD), IVERIC bio, Inc. (ISEE), KLX Energy Services Holdings, Inc. (KLXE), Eastman Kodak Company (KODK), Contango Oil & Gas Company (MCF), NantKwest, Inc. (NK), Neoleukin Therapeutics, Inc. (NLTX), Ovid Therapeutics Inc. (OVID), PG&E Corporation (PCG), Provention Bio, Inc. (PRVB), Renewable Energy Group, Inc. (REGI), comScore, Inc. (SCOR), TravelCenters of America LLC (TA), Workhorse Group Inc. (WKHS), and Zogenix, Inc. (ZGNX).

Watch video here...

Charts To Watch: BBBY, IMGN, INMD, KLXE, MCF, PCG, REGI
 

Related Articles

Charts To Watch: BBBY, IMGN, INMD, KLXE, MCF, PCG, REGI

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Delonte Crosby
Delonte Crosby Dec 20, 2019 8:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Inmode taking off again. Just like you said.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email