

Please try another search
Chegg, Inc. (NYSE:CHGG), which has been on my long list for quite some time, had a nice 5-wave drop in an orderly falling wedge. It exploded out of it with a breakaway gap on Tuesday, jumping 3.33, or 14 1/2%, to 26.32, on 6.2 million shares. Immediate resistance coming through on Wednesday is in the 27.35 area. If it gets through that, targets are 29, and then the 29 1/2 zone. There will be heavier resistance there.
Darling Ingredients Inc. (NYSE:DAR), a new swing we put on Tuesday, gained 72 cents, or 3.63%, to 20.57, on 1.4 million shares. This stock has an interesting long-term chart. It broke out with a thrust, and then was held back a week and a half. Now, we’re looking for a retest of the multi-year high at 20.96. If it gets through that, the targets are around 22-23, and then 26.
Renewable Energy Group, Inc. (NASDAQ:REGI) has been a swing trade of ours for a while, and it continues to look great. On Tuesday, it was up another 1.93, or 6 1/2%, to 31.32, on 622,717 shares traded. I would not be surprised to see this stock make it into the high 30’s around 37-38.
Xilinx, Inc. (NASDAQ:XLNX), which we put a new swing on Tuesday, exploded for 3.70, or 4.7%, to 82.05, on 5.9 million shares. I’m looking for a move that takes it to 84, and then the low 90’s. It looks very good.
Stocks on the long side included Amkor Technology, Inc. (NASDAQ:AMKR), Chegg, Inc. (CHGG), iShares MSCI Brazil ETF USD Acc (NASDAQ:CSBR), Darling Ingredients Inc. (NYSE:DAR), Daxor Corporation (NYSE:DXR), Health Insurance Innovations, Inc. (NASDAQ:HIIQ), Nordstrom, Inc. (NYSE:JWN), KEMET Corporation (NYSE:KEM), Myriad Genetics, Inc. (NASDAQ:MYGN), ENDRA Life Sciences Inc. (NASDAQ:NDRA), NeoGenomics, Inc. (NASDAQ:NEO), Renewable Energy Group, Inc. (NASDAQ:REGI), trivago N.V. (NASDAQ:TRVG), Under Armour, Inc. (NYSE:UA), Veracyte, Inc. (NASDAQ:VCYT), and Xilinx, Inc. (NASDAQ:XLNX).
Watch video here.
We’re in the midst of the fourth quarter earnings season and already we’re seeing a cautionary set up for 2023 as corporations find ways to cut back. Higher inflation and interest...
Fixed-income stocks have outperformed the broader market by a wide margin in the past 12 months. I remain positive on companies with growing dividend payouts, strong fundamentals,...
Last year’s stock market decline was punishing and no one was hit harder that tech and growth stocks — and leadership groups like the Semiconductors. What leads the way up often...
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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
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.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.