CTIC, MZOR, SCTY, WPRT - Stock Charts to Watch
Despite the fact that the market has been pretty much down this year so far, a lot of stocks we follow, and a lot of stocks we trade, are doing well, and quite a few did well on Monday. Let’s take a look at some of them.
Cell Therapeutics, Inc. (CTIC) is a little biotech stock that came out of a falling-wedge pattern, moved up slowly, gapped up last week, and then on Monday, it exploded through the lateral-price resistance at the top of the channel. It was up 28 cents, or 12.7%, on 20 million shares. The next target is 3-31/4, but it’s uncertain as to whether this stock has enough energy to run up there. But let’s see if it will get a punch through and run, or back off and consolidates and set up for an entry point where we can trade that stock at about the 2 1/4-1/2 area up to 3 3/4.
Mazor Robotics Ltd. (MZOR) has done great for us in early 2013 up until recently, and is still doing well. It was up 1.56, or 7.5%, on 281,300 shares traded, on Monday. It may be headed up towards the top of the channel, and if that is so, you could see high 20’s in this stock.
SolarCity Corporation (SCTY), with a big start on Monday, jumped all the way up to 67.14, a new all-time high, taking out the Oct-Nov double-top. It was up 4.34, or 7.3%, on 10 million shares. It backed off at the rising-channel top, but notice that it did not fill the gap, and could very well have another up-day on Tuesday. If it does run, it could head up toward the low-to-mid 70’s, and maybe even the low-to-mid 80’s on this one.
Westport Innovations Inc. (WPRT) had a swing trade that popped and flagged or coiled seven sessions, before it popped out on Monday, up 62 cents, or 3.16%, on 1.9 million shares. Let’s see if it gets a follow-through. The declining topsline and 50-day moving average are around 21.18-.20. So watch for that on Tuesday to see if it does get a pop up there. That could be resistance, but if it gets through, look for it to get to 24, and then 26, potentially.
Other stocks on Harry’s Charts of the Day are Natus Medical Inc. (BABY), Neuralstem, Inc. (CUR), EnteroMedics Inc. (ETRM), Horizon Pharma, Inc. (HZNP), JinkoSolar Holding Co., Ltd. (JKS), MannKind Corp. (MNKD), Oxygen Biotherapeutics, Inc. (OXBT), Pandora Media, Inc. (P), Plug Power Inc. (PLUG), Origin Agritech Limited (SEED), SuperCom Ltd. (SPCB), and Zhone Technologies Inc. (ZHNE).