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4 Stocks To Watch: KOPN, NTNX, PLAY, OSTK

Published 03/14/2018, 12:37 AM
Updated 07/09/2023, 06:31 AM

Kopin Corporation (NASDAQ:KOPN) popped 17 cents, or 5%, to 3.89, on 1.2 million shares traded on Tuesday. It has been up nine days in a row. I haven’t seen that since I’ve been following this stock. The volume has picked up higher nearly every day, and so has OBV . If this stock isn’t ready to run, I don’t know what is. It could explode here as it’s coming to the Jan high. The short position may need to cover this one. Look for a move in 4 1/4-1/2 range. If it gets through that you’re looking at 5 1/4 next.

NUTANIX, INC. (NASDAQ:NTNX) has been up seven days in a row, and on Tuesday, it was up another 1.56, or 3%, to 53.04, on 9.3 million shares traded on a day when much of the market was seeing red. I’m not sure how far it will get, but I can see this stock touching the 57-8 range.

Stocks on the Short Side….

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) gave back another 61 cents, or 1.37%, to 45.16, on 744,306 shares traded. We put a swing on this stock when it was in the high 50’s, it went down to the 48 range, formed a bear flag, then went lower to the 46 range, ran back up to 50, before rolling over again. The bear wedge in here tells me it’s headed to 39.

Overstock.com, Inc. (NASDAQ:OSTK) dropped 5.75, or 10%, to 52.10, on 3.90 million shares traded, and is starting to look pretty negative, folks. The first thing that is noticeable is that the trend is broken. Once that happened, the snapback occurred, failing at the moving averages. Now, a big bear wedge is forming. It looks like it’s headed to 41. It should be tested as early as Wednesday, and then it might go to the 40 level.

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Stocks on the long side included Adverum Biotechnologies, Inc. (NASDAQ:ADVM), Digital Turbine, Inc. (NASDAQ:APPS), Atomera Incorporated (NASDAQ:ATOM), Bluelinx Holdings Inc. (NYSE:BXC), ChemoCentryx, Inc. (NASDAQ:CCXI), Ceragon Networks Ltd. (NASDAQ:CRNT), Cutera, Inc. (NASDAQ:CUTR), Endocyte, Inc. (NASDAQ:ECYT), ImmunoGen, Inc. (NASDAQ:IMGN), Kopin Corporation (NASDAQ:KOPN), MINDBODY, Inc. (NASDAQ:MB), MediciNova, Inc. (NASDAQ:MNOV), NUTANIX, INC. (NASDAQ:NTNX), Proteostasis Therapeutics, Inc. (NASDAQ:PTI), R1 RCM Inc. (NASDAQ:RCM), and Zosano Pharma Corporation (NASDAQ:ZSAN).

On the short side, stocks included Advanced Energy Industries, Inc. (NASDAQ:AEIS), Edgewell Personal Care Company (NYSE:EPC), Expedia, Inc. (NASDAQ:EXPE), iRobot Corporation (NASDAQ:IRBT), Nutrisystem, Inc. (NASDAQ:NTRI), Overstock.com, Inc. (NASDAQ:OSTK), Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), Signet Jewelers Limited (NYSE:SIG), Silicom Ltd. (NASDAQ:SILC), The Scotts Miracle-Gro Company (NYSE:SMG), Sun Hydraulics Corporation (NASDAQ:SNHY), and Ultra Clean Holdings, Inc. (NASDAQ:UCTT).

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