CROX, HYGS, JVA, VXX - Stock Charts to Watch
The market spiked down on Thursday and reversed. Perhaps we’re going to see if it can do a little rallying here. Some of the stocks we’ve been watching that are hanging in best are going to be featured here.
CROCS Inc. (CROX) made a new multi-year high on Thursday, breaking out across resistance, and popped 1.04 to 23.66, or 4.6%, on 5.88 million shares. That’s the biggest volume in about five weeks. A significant move, particularly on a bad day in the market. The long-term channel is showing dramatically higher prices potentially. Look for something around 28 on a potential swing trade for CROX.
Hydrogenics Corp. (HYGS) had a big day Thursday. It exploded through a two-month coil, a gain of 97 cents to 6.41, or almost 18%, on 180,000 shares. That doesn’t sound like a lot of shares, but that’s the biggest volume in two and a half months. It could test the 35 area short-term, secondary target set at 8 1/4.
Coffee Holding Co.Inc. (JVA), which had a big surge a week and a half ago, pulled back in a three-day beautiful flag or wedge last week, and on Thursday it popped 14.09, up 1.36, or 10.7%, on 1.5 million shares. The volume increased to be the best in three sessions. It may retest quickly the 15 1/2 area. That could happen as early as Friday. Beyond that something in the high teens may be doable. Keep an eye on this one as it does have a lot of momentum.
iPath S&P 500 VIX Short-Term Futures ETN (VXX) popped again on Thursday as volatility is increasing. Wednesday’s move jumped it 1.91 on 50 million shares, and on Thursday it traded 60 million shares and jumped another 1.31 to 25.74, or 5.3%. It went through lateral price resistance and the 50-day moving average so there could be more upside. Short-term target set at 28 3/4 - 29 potentially.
Other stocks in our Charts for the Day are Hutchinson Technology Inc. (HTCH), Idenix Pharmaceuticals Inc. (IDIX), Oncothyreon Inc (ONTY), Pharmacyclics Inc. (PCYC), Raptor Pharmaceuticals Corp. (RPTP), ZAGG Incorporated (ZAGG).