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4 Stocks To Watch: CHGG, DAR, REGI, XLNX

By Harry BoxerStock MarketsOct 31, 2018 12:25AM ET
www.investing.com/analysis/chgg-dar-regi-xlnx-200352158
4 Stocks To Watch: CHGG, DAR, REGI, XLNX
By Harry Boxer   |  Oct 31, 2018 12:25AM ET
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XLNX
0.00%
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JWN
+24.79%
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AMKR
-1.24%
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MYGN
-3.95%
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KEM_old
0.00%
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DXR
+2.69%
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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).

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4 Stocks To Watch: CHGG, DAR, REGI, XLNX
 

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4 Stocks To Watch: CHGG, DAR, REGI, XLNX

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Alex B
Alex B Oct 31, 2018 9:06AM ET
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