DSX, HIMX, NEON, RMTI - Stock Charts to Watch
It was a darn good trading day on Wall Street on Thursday, the markets won’t give up, and a lot of the stocks we follow did well. There a few new stocks on the list, so let’s take a look and see how they all are doing.
Diana Shipping Inc. (DSX), a swing trade of ours, had a great day on Thursday, up 42 cents, or 3.6%, on 2 million shares, the best volume in about eight days. It broke out above the recent high. Extending the channel up it has a strong-current pattern. However, the top of the short-term channel is nowhere near the top of the channel, which comes in around 15 1/2. That’s the next target. Swing trade target on DXS is 14.
Himax Technologies, Inc. (HIMX) had a very big day on Thursday, up 1.27, or 17%, on a whopping 38 million shares. That was a huge move. In the last three sessions alone, it’s jumped from 6.20 to 8.64 with an increase in volume each day. More importantly, on Thursday it broke out over everything and could be headed to the top of the channel up around 11 1/2-12.
Neonode, Inc. (NEON) had a big pop on Thursday on a licensing agreement with global consumer electronics, up 77 cents, or 11.44%, on 1.8 million shares. That’s the biggest volume in 3-4 weeks. The falling wedge has been broken as well as lateral resistance. Look for a short-term target around 8.80-.85 in the next day or two.
Rockwell Medical, Inc. (RMTI), one of our swing trades, was acting great on Thursday, up 1.96, or 32.5%, on 12.5 million shares. That’s the biggest volume all year. Good volume on a breakaway move. Resistance up around the 8.35-.40 zone is taken out, this stock should reach up toward 10 1/2.
Other stocks on Harry’s Charts of the Day are Bitauto Holdings Limited (BITA), Boston Scientific Corporation (BSX), Immunomedics Inc. (IMMU), Kodiak Oil & Gas Corp. (KOG), Kongzhong Corp. (KONG), Maxwell Technologies Inc. (MXWL), Navios Maritime Holdings Inc. (NM), NPS Pharmaceuticals, Inc. (NPSP), Universal Display Corp. (OLED), Yelp, Inc. (YELP), and YY Inc. (YY).