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4 Stocks To Watch Right Now: ERI, TDOC, AGX, BITA - 01.02.18

By Harry BoxerStock MarketsFeb 01, 2018 12:01AM ET
www.investing.com/analysis/eri-tdoc-agx-bita-200285701
4 Stocks To Watch Right Now: ERI, TDOC, AGX, BITA - 01.02.18
By Harry Boxer   |  Feb 01, 2018 12:01AM ET
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AGX
-0.43%
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GSUM
0.00%
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TTD
-1.73%
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SQ
-1.63%
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TDOC
-3.35%
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PLAY
-1.40%
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Eldorado Resorts LLC (NASDAQ:ERI), one of our old favorites from under 4.00, is now in its mid 30’s. The recent pullback held support. The snapback of 2.30, or 7%, to 34.55, traded 1.4 million shares on Wednesday. That’s one of the better volume patterns in the past 8 weeks. For me, if this gets up to the high, tests it, and backs off, it could see 37, and then 39-40.

Teladoc Inc (NYSE:TDOC) was up 1.10, or 3%, to 37.40, on 1 million shares traded on Wednesday. It has been consolidating beautifully for 7-8 months now. In essence, it’s four waves up. It could run to the mid to high 40’s, and eventually the mid to high 60’s is a possibility. Technicals are phenomenal, and support at the 31 range. 17 days to cover.

Stocks on the Short Side…

Argan Inc (NYSE:AGX), a fairly new Boxer Swing Short, or TechTrader Short, dropped 40 cents, or nearly 1%, to 43.60, on 223,846 shares traded on Wednesday. It had a massive drop, formed a bear wedge, and the next drop could take it to 36, or even 31.

Bitauto Holdings Limited (NYSE:BITA) is rolling over, and on Wednesday it was down 61 cents, on nearly 2%, to 34.79, on 724,443 shares traded, and we put a short on it on a bearish inside day. If it cracks at 32, look for 27 and 22 1/2.

On the long side...

Stocks included Catalyst Biosciences Inc (NASDAQ:CBIO), Global Eagle Entertainment Inc (NASDAQ:ENT), Eldorado Resorts LLC, Gridsum Holding Inc (NASDAQ:GSUM), ImmunoGen Inc (NASDAQ:IMGN), Iovance Biotherapeutics Inc (NASDAQ:IOVA), Meritor Inc (NYSE:MTOR), Mazor Robotics Ltd (NASDAQ:MZOR), Shutterfly Inc (NASDAQ:SFLY), Square Inc (NYSE:SQ), Teladoc Inc (NYSE:TDOC), Take-Two Interactive Software Inc (NASDAQ:TTWO), Vericel Corp Ord (NASDAQ:VCEL),

and

Shorts included Applied Opt (NASDAQ:AAOI), Advanced Energy Industries Inc (NASDAQ:AEIS), Argan, Inc, Albemarle Corporation (NYSE:ALB), Bitauto Holdings Limited, Esterline Technologies Corporation (NYSE:ESL), NutriSystem Inc (NASDAQ:NTRI), Dave & Buster’s Entertainment (NASDAQ:PLAY), Re Max Holding (NYSE:RMAX), Sanderson Farms Inc (NASDAQ:SAFM), Truecar Inc (NASDAQ:TRUE), and Trade Desk Inc (NASDAQ:TTD).

4 Stocks To Watch Right Now: ERI, TDOC, AGX, BITA - 01.02.18
 

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4 Stocks To Watch Right Now: ERI, TDOC, AGX, BITA - 01.02.18

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Comments (1)
KK Wish
KK Wish Feb 01, 2018 8:56PM ET
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Well done again! Global Eagle with -11% today was an excellent long advice!
 
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