🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

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

Published 10/30/2018, 12:19 AM
Updated 07/09/2023, 06:31 AM
WYNN
-
EA
-
AXON
-
TSEM
-
TSLA
-
EHTH
-
FTNT
-
IIN
-
NTWK
-
LNW
-
TREE
-
USCR
-
CTB
-
DQ
-
MCY
-
OLN
-
WKC
-
WW
-
PVH
-
TKO
-
VC
-
AOS
-
CPRT
-
AXGN
-
GRUB
-
ERI
-
W
-
BLD
-
INST_old
-
SITE
-
CRSP
-

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.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.