Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

4 Stocks To Watch: EHTH, NTWK, ERI, WYNN

By Harry BoxerStock MarketsOct 30, 2018 12:19AM ET
4 Stocks To Watch: EHTH, NTWK, ERI, WYNN
By Harry Boxer   |  Oct 30, 2018 12:19AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Tesla, Inc. (NASDAQ:TSLA), amazingly, was one of the few tech stocks that did anything on Monday, and in the last four or five sessions, it has gone from 254 to 347, almost 95 points. On Monday it jumped 3.95, or 1.19%, to 334.85, on 14 million shares. It has really been a nice move up, and straight up. If it backs and fills in here it might have a shot at the highs.

eHealth, Inc. (NASDAQ:EHTH) had a big day on Monday. It exploded on Friday, followed through and popped on Monday, extending by 1.72, or 5.32%, to 34.06, on 559,732 shares traded. Volume was strong in the breakout, this stock reaching its highest level in four years. There is a bit of resistance up in the target zone around 39.00.

NetSol Technologies, Inc. (NASDAQ:NTWK) has five waves up, with what I think is a two-wave extension. A strong move in a lousy market is always a good sign of relative strength. On Monday, it popped 60 cents, or 7%, closing at the high for the day at 9.00, on 237,283 million shares, which isn’t a lot of volume, but it is for that stock. It looks to me like the angle changed. With this angle and this kind of energy, I’m impressed. There is some resistance going back three years at 9.50, and right now it’s at 9.00. If it gets through 9.50, I think it has a shot at taking that stock to at least the 12-13 zone.

Stocks on the Short Side….

Eldorado Resorts, Inc. (NASDAQ:ERI) is getting crushed. Finally, after breaking the long-term up- trend, and forming a rising bear flag, it rolled over, broke to 43, and then quickly lost 10 points. It dropped another 3.69, or 10%, to 32.82, on over 3 million shares on Monday. There is some support, so you may see a bounce in the 29-31 zone.

Wynn Resorts, Limited (NASDAQ:WYNN) just keeps going down. On Monday, it lost another 6.33, or 6.3%, to 94.18, on 2.9 million shares, reaching a low of 91 1/2. It has gone from May’s high of over 200, losing more than half its value, with a target now of 85.

Stocks on the long side included Cooper Tire & Rubber Company (NYSE:CTB), eHealth, Inc. (NASDAQ:EHTH), World Fuel Services Corporation (NYSE:INT), Mercury General Corporation (NYSE:MCY), NetSol Technologies, Inc. (NASDAQ:NTWK), and Tesla, Inc. (NASDAQ:TSLA).

On the short side, stocks included Axon Enterprise, Inc. (NASDAQ:AAXN), A. O. Smith Corporation (NYSE:AOS), AxoGen, Inc. (NASDAQ:AXGN), TopBuild Corp. (NYSE:BLD), Copart, Inc. (NASDAQ:CPRT), CRISPR Therapeutics AG (NASDAQ:CRSP), Daqo New Energy Corp. (NYSE:DQ), Electronic Arts Inc. (NASDAQ:EA), Eldorado Resorts, Inc. (NASDAQ:ERI), Fortinet, Inc. (NASDAQ:FTNT), GrubHub Inc. (NYSE:GRUB), IntriCon Corporation (NASDAQ:IIN), Instructure, Inc. (NYSE:INST), Olin Corporation (NYSE:OLN), PVH Corp. (NYSE:PVH), Scientific Games Corporation (NASDAQ:SGMS), SiteOne Landscape Supply, Inc. (NYSE:SITE), stmp, LendingTree, Inc. (NASDAQ:TREE), Tower Semiconductor Ltd. (NASDAQ:TSEM), U.S. Concrete, Inc. (NASDAQ:USCR), Visteon Corporation (NASDAQ:VC), Wayfair Inc. (NYSE:W), Weight Watchers International, Inc. (NASDAQ:WTW), World Wrestling Entertainment, Inc. (NYSE:WWE), and Wynn Resorts, Limited (NASDAQ:WYNN).

Watch video here.

4 Stocks To Watch: EHTH, NTWK, ERI, WYNN

Related Articles

Chris Vermeulen
What Is Contago In The VIX? By Chris Vermeulen - Oct 28, 2021 3

I have been trading options and coaching / mentoring other new options traders for years. I have seen new traders who were lucky and ended up with some winning trades and others...

4 Stocks To Watch: EHTH, NTWK, ERI, WYNN

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’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
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)
Oscar Molina
Oscar Molina Oct 31, 2018 6:09AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Any upside potential for a swing on WMT DG NEO and NIHD?
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
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'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
Sign up with Email