Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Stock Charts To Watch: AXSM, FLGT, IOVA, MRNA, RAD, SE, ZYXI

By Harry BoxerStock MarketsMar 03, 2020 12:25AM ET
www.investing.com/analysis/stock-charts-to-watch-axsm-flgt-iova-mrna-rad-se-zyxi-200512636
Stock Charts To Watch: AXSM, FLGT, IOVA, MRNA, RAD, SE, ZYXI
By Harry Boxer   |  Mar 03, 2020 12:25AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

  • Axsome Therapeutics, Inc. (NASDAQ:AXSM) exploded 10.87, or 14%, closing at the high for the day at 88.87, on 1.25 million shares on Monday. More importantly, after it exploded it pulled back and has been in kind of a drift for two months. The move that took it from the 13-range back in Oct to the 110-range nicely digested over the last month. Monday may have started something, but it has to get up through 98 1/2. Once it does that, it’s 10 points from here, and then you may see another 10 points beyond that.

  • Fulgent Genetics, Inc. (NASDAQ:FLGT) had a big snapback in late Dec in the 12-range, when I put a swing on it, it ran up to 20 mid Feb, pulled back dramatically to test the 50, and bounced 2.35, or 16%, to 17.19, after reaching a high of 17.76, on 420,422 shares traded on Monday. That’s the biggest volume on an up day in quite a while. Maybe it will retest the high at 20, and ultimately extend to the high 20’s.

  • Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) out of a little wedge on Monday and gained 3.08, or 9.36%, to 36.25, before pulling back and closing up 3.08, on l.5 million shares and followed a breakout. I think this stock will go further. I’m looking for 42 and 45 as the next targets.

  • Moderna , Inc. (NASDAQ:MRNA) reversed sharply, just like Gilead Sciences (NASDAQ:GILD), and I’m not sure why they pulled back as much as they did, or why they did. It going from 35 to 22, then rebound on Monday, gaining 3.95, or 15%, to 29.88, with a high of 30.75, on 32.4 million shares. I think that if it accelerates back up, I’m looking for 35.

  • Rite Aid Corporation (NYSE:RAD) is snapping back for the third day in a row to resistance, popping 1.82, or 13.36%, to 15.44, just 3 cents off the session high at 15.47, on 6.75 million shares. I like the way it’s angling. I’m looking for 17 and 19 going forward.

  • Sea Limited (NYSE:SE) came back on Monday after a week of sharp pullbacks, jumping 2.98, or 6.6%, to 48.04, not far off the session high at 48.22, on 6.9 million shares. Now it needs to get up to 49 3/4, and then take out 53 to advance my target at 55.

  • Zynex , Inc. (NASDAQ:ZYXI) is on its way again. It previously had an inverse head-and-shoulders, a breakout, I gave you a buy, and it’s looking pretty juicy to me. On Monday it jumped 1.01, or 7.76%, to 14.03, after reaching up to 14.20, on 798,769 shares traded. I’m looking for a takeout of the high, and it’s right there. It could advance into the 16-range short term.

Stocks on the long side included Axsome Therapeutics, Inc. (AXSM), BioCryst Pharmaceuticals, Inc. (BCRX), Co-Diagnostics, Inc. (CODX), Fate Therapeutics, Inc. (FATE), Fulgent Genetics, Inc. (FLGT), Gilead Sciences, Inc. (NASDAQ:GILD), Genprex, Inc. (GNPX), InflaRx N.V. (IFRX), Iovance Biotherapeutics, Inc. (IOVA), JD.com, Inc. (JD), Karyopharm Therapeutics Inc. (KPTI), Repro Med Systems, Inc. (KRMD), Leap Therapeutics, Inc. (LPTX), Momenta Pharmaceuticals, Inc. (MNTA), Moderna, Inc. (MRNA), Sunnova Energy International Inc. (NOVA), Rite Aid Corporation (RAD), Arcus Biosciences, Inc. (RCUS), Cassava Sciences, Inc. (SAVA), Sea Limited (SE), Trillium Therapeutics Inc. (TRIL), VelocityShares 3x Lng Crude Oil ETN New (UWT), Verastem, Inc. (VSTM), Beyond Air, Inc. (XAIR), Zoom Video Communications, Inc. (ZM), and Zynex, Inc. (ZYXI).

Watch video here...

Stock Charts To Watch: AXSM, FLGT, IOVA, MRNA, RAD, SE, ZYXI
 

Related Articles

Stock Charts To Watch: AXSM, FLGT, IOVA, MRNA, RAD, SE, ZYXI

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 Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
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.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
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 Investing.com'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
Continue with Google
or
Sign up with Email