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

Watch These Stocks

By Harry BoxerStock MarketsJan 03, 2020 12:08PM ET
www.investing.com/analysis/watch-these-stocks-200496286
Watch These Stocks
By Harry Boxer   |  Jan 03, 2020 12:08PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

  • Advanced Micro Devices (NASDAQ:AMD) has been a swing of ours since it broke out in the 35 range around the first of Nov targeting 44 and 48. On Thursday, it was up 3.24, or 7%, to 49.10, after reaching a high of 49.25, on 78 million shares. Although it’s on a short-term peak in terms of a multi-recount of a long-term intermediate channel, this stock could be headed to the mid-50’s, maybe more.
  • Ballard Power Systems (NASDAQ:BLDP) had a nice pop on Thursday. The overall pattern shows that it popped out of a double top and ran up 82 cents, or 11.42%, closing at the session high and 52-week high at 8.00, on 3 million shares. That’s the biggest volume in six weeks. Although there’s some lateral resistance here that goes way back, it may have a little follow-through at resistance, but if it really takes off, I wouldn’t be shocked to see it run up towards 13-14.
  • Collegium Pharmaceutical (NASDAQ:COLL), one of our swing trades and a pick for the year, jumped 1.02, or 5%, to 21.60, reaching a high of 21.63, on 270,221 shares traded on Thursday. My next targets are 25 and 28 3/4-29 going forward.
  • Renewable Energy Group (NASDAQ:REGI) is looking like a beautiful bull wedge forming, gaining another 94 cents, or 3.49%, to 27.89, after reaching a high of 27.95, on 781,052 shares traded on Thursday. Folks, if it breaks out of this range, I would look for 30 minimum, but I think it’s going to 33-34.
  • Cassava Sciences (NASDAQ:SAVA) looks awesome. On Thursday, it jumped 2.00, or 38.46%, to 7.28, before pulling back and closing at 7.20, on 17 million shares. The momentum on this stock is outstanding. It looks like a reversal to the upside on Thursday. That’s a powerful as it gets. Don’t be surprised to see it gap and run on Friday to 8 3/4, which is my target.
  • Stocks on the long side included Advanced Micro Devices, Inc. (NASDAQ:AMD), Arlo Technologies, Inc. (ARLO), Aurinia Pharmaceuticals Inc. (AUPH), Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), BioNTech SE (BNTX), Calyxt, Inc. (CLXT), Collegium Pharmaceutical, Inc. (COLL), Daqo New Energy Corp. (DQ), Enphase Energy, Inc. (ENPH), Farfetch Limited (FTCH), General Electric Company (NYSE:GE), JD.com, Inc. (JD), iQIYI, Inc. (IQ), LexinFintech Holdings Ltd. (LX), Renewable Energy Group, Inc. (REGI), RUHNN HOLDING LTD (RUHN), Cassava Sciences, Inc. (SAVA), SolarEdge Technologies, Inc. (SEDG), Synthesis Energy Systems, Inc. (SES), Smith Micro Software, Inc. (SMSI), Trip.com Group Limited (TCOM), Taiwan Semiconductor Manufacturing Company Limited (TSM), Yirendai Ltd . (NYSE:YRD), and Zymeworks Inc. (ZYME).

    Watch These Stocks
     

    Related Articles

    Watch These Stocks

    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.
    Comments (1)
    Alex B
    Alex B Jan 05, 2020 10:53AM ET
    Saved. See Saved Items.
    This comment has already been saved in your Saved Items
    Like the way you understand movements in stock market
     
    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
    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
    Continue with Google
    or
    Sign up with Email