Monster Beverage Corporation (NASDAQ:MNST) got crushed after the mini head-and-shoulders, bounced, formed a large coil, and on Tuesday broke out of the coil, dropping 1.14, or 2%, to 55.73, on 2.85 million shares. Going forward, targets are 53 and 49.
Mazor Robotics Ltd (NASDAQ:MZOR) formed a head-and-shoulders, a wedge, I put a swing on it on Monday, and on Tuesday, it dropped 2.48, or 4.35%, to 54.54, on 601,061 traded. I’m hoping that this may not be short, but it certainly looks like it. If it gets below 51, it’s headed to mid 40’s, or worse.
Sun Hydraulics Corporation (NASDAQ:SNHY) dropped, popped, formed a wedge, and is now in a nasty-looking decline, down another 1.68, or 3%, to 51.79, on 75,111 shares traded. If it falls from 49, it could see 44, even 40.
Wayfair Inc (NYSE:W) looks like it formed a bear flag and looks like it’s about to fall apart. On Tuesday, it was down another 4.47, or 6.1%, to 68.77, on 1.6 million shares. If it breaks down to 65.50, I’m looking for it to drop to mid 60’s next.
Stocks on the long side included Check Cap Ltd (NASDAQ:CHEK), Dicerna Pharmaceuticals, Inc. (DRNA), Bitcoin Investment Trust (GBTC), Intelsat Sa (NYSE:I), Riot Blockchain, Inc. (RIOT), and Sientra, Inc. (SIEN).
On the short side, stocks included Advanced Energy Industries, Inc. (AEIS), Alnylam Pharmaceuticals, Inc. (ALNY), American Woodmark Corporation (NASDAQ:AMWD), Bitauto Holdings Limited (BITA), DowDuPont Inc. (DWDP), Ebix Inc. (EBIX), iRobot Corporation (IRBT), Monster Beverage Corporation (MNST), Mazor Robotics Ltd. (MZOR), Overstock.com, Inc. (NASDAQ:OSTK), Shopify Inc. (SHOP), SINA Corporation (SINA), Sun Hydraulics Corporation (SNHY), Sohu.com Inc. (SOHU), TrueCar, Inc. (TRUE), Trupanion, Inc. (TRUP), Tower Semiconductor Ltd. (TSEM), Ultra Clean Holdings Inc. (UCTT), Vocera Communications, Inc. (VCRA), Wayfair Inc. (W), and Weibo Corporation (WB).
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