ARWR, FSLR, HZNP, VISN - Stock Charts to Watch
Stocks are still moving along on the long side for many of our stocks, so we’ll take a look at them.
Arrowhead Research Corp. (ARWR) has been a fantastic swing trade. It broke out of a coil, a swing trade was put on it, it stalled for a week, consolidated, ran up another week, consolidated, ran up yet another week, and on Monday, it popped 98 cents, or 12 1/2%, on 1.5 million shares. That’s the biggest volume in about five sessions. It’s looking good for more upside, so look for a move to 10, and eventually 12.
First Solar, Inc. (FSLR) had a very nice move on Monday, up 3.91 to 53.88, on 16.1 million shares. That’s the biggest volume on an up day since April when it popped an explosive move. Monday’s move is significant, although it is up in resistance. The long-term channel says this could be an 85 dollar stock, but for now, let’s see if it can get up through the 59 area short-term and then 65 intermediate-term.
Horizon Pharma, Inc. (HZNP) has been moving up beautifully ever since it popped, formed a little pennant, broke out, thrust, pulled back, flagged, wedged, and on Monday it popped 59 cents, or nearly 16%, on 2.85 million shares. That’s the biggest volume this year. Look for a quick move to 4 3/4 short-term, and then see what it goes from there.
VisionChina Media Inc. (VISN) has been in a 3-day falling wedge, and after the snapback, it popped 2.03, or nearly 20%, on 2 million shares. It has moved up 4 legs so far. The fifth leg could take it way past 20, but look for a retest of the 17-18 range short-term.
Other stocks on Harry’s Charts of the Day are ARM Holdings plc (ARMH), GT Advanced Technologies Inc. (GTAT), Gray Television Inc. (GTN), icad Inc. (ICAD), Kandi Technolgies Group, Inc. (KNDI), National Bank of Greece SA (NBG), WebMD Health Corp. (WBMD), Xoom Corporation (XOOM), Crosstex Energy Inc. (XTXI), and Zhone Technologies Inc. (ZHNE).