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Stocks To Watch: AMD, BIMI, INMD, RKDA, STNG

By Harry BoxerETFsOct 15, 2019 12:36AM ET
Stocks To Watch: AMD, BIMI, INMD, RKDA, STNG
By Harry Boxer   |  Oct 15, 2019 12:36AM ET
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Advanced Micro Devices, Inc. (AMD)

AMD which I’m watching carefully because the falling wedge that we’ve seen over the last two months popped to the upside and was broken, it gained another 78 cents, or 2.62%, to 30.53, with a high of 30.61, on 44 million shares on Monday. Now, I’m looking at 32 and 35 1/2. If it can get through those levels, it’s on its way to 40, and then 43-4. Support and stop are under 28.

NF Energy Saving Corporation (BIMI)

NF Energy Saving Corp (NASDAQ:BIMI) is one of those stocks we talked about on Monday, exploding 7.54, or 516.44%, to 9.00, with a high of 9.79, on 26.5 million shares, with an average volume of 30,000 shares traded. It shot up in the morning from under 2.00 and eventually reached 11.82 in after hours, a 12-fold increase from top to bottom. That doesn’t mean it’s over yet. It could see 14, 15, even 20 going forward. If it gets through 9.00, it has a lot of room to run.

InMode Ltd. (INMD)

InMode Ltd (NASDAQ:INMD) broke out on Monday, and in my opinion, after pulling back from the trendline and holding support, it blew out leaving a little bit of a gap, to the moving average. Volume picked up to 1.24 million shares, and it jumped 2.81, or 22.54%, to 27.17, with a high of 27.30. I think it was a breakout day for this stock. Next resistance and target are at 28.35. The all-time high was reached at 29.38, on September 16, just about a month ago. That high could be taken out and I would not be surprised to see this stock move to 40 dollars at some point.

Arcadia Biosciences, Inc. (RKDA)

Arcadia Biosciences Inc (NASDAQ:RKDA) popped out of a long falling channel on Monday, and gained 1.08, or 24.8%, to 5.43, with a high of 5.68, on 1.6 million shares. I think this is the beginning of something much greater. Targets going forward are 7.00 and 10.00.

Scorpio Tankers Inc. (STNG)

Scorpio Tankers Inc (NYSE:STNG) is another one of those shipper stocks that is doing great. It has been up the last two-and-a-half weeks, having gone from 26, and change, to 36, and change. It popped 1.28, or 3.68%, to 36.02, with a high of 36.85, on 1.2 million shares on Monday. It looks like a 40-dollar stock.

Stocks on the long side

Advanced Micro Devices, Inc. (NASDAQ:AMD), NF Energy Saving Corporation (BIMI), Beyond Meat, Inc. (NASDAQ:BYND), Hovnanian Enterprises, Inc. (HOV), InMode Ltd. (INMD), Navios Maritime Acquisition Corporation (NNA), Arcadia Biosciences, Inc. (RKDA), Revance Therapeutics, Inc. (RVNC), Synthesis Energy Systems, Inc. (SES), Solid Biosciences Inc. (SLDB), Scorpio Tankers Inc. (STNG), and Yuma Energy, Inc. (YUMA).

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Stocks To Watch: AMD, BIMI, INMD, RKDA, STNG

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Stocks To Watch: AMD, BIMI, INMD, RKDA, STNG

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