Kornit Digital Ltd. has had quite a week, going from $28 to over $48 in the last 5 days. On Wednesday, it jumped $12.06, or 33.8%, to $47.74 on 3.2 million shares traded. It’s at the top of the long-term channel, but it may get a little bit of an extension in the next day or two taking it up to $50.
Ingevity Corporation, which makes specialty chemicals and high-performance carbon materials, is coming out of a base and looking awfully good. On Wednesday it moved up $3.06, or 6.2%, to $52.26 on 342,900 shares traded. It’s in the fifth wave of an up-move that could take it to $63.
Penn National Gaming, Inc. has been up five days in a row, and 11 out of the last 13 days. On Wednesday, it made a strong move of $3.08, or 13%, to $26.81 on 34.6 million shares traded. Intraday the stock got up to $27.30, approaching resistance at $27 1/2. Any extension here could take it all the way up to re-test the February highs, first at $34 and then $38.
Surface Oncology, Inc. exploded on Wednesday with a breakaway gap out of a wedge pattern, jumping $1.22, or 46%, to $3.88 on 11.1 million shares traded. If it gets through the triple top, my next target is $6.00. [Editor’s note: This target was surpassed this morning.]
Watch the video below for my complete analysis.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis and live chart presentations.
To say the current situation isn’t pretty now seems an understatement, and it’s likely to remain chaotic for a while. Which is why it’s so important for leaders of all kinds not to fall prey to the very human tendency to go negative.
Two of the biggest acquisitions in the industry confirm a trend in pharma M&A: The big players are trawling for opportunities in the rare-disease space.
Bargain-hunting friends of mine have been asking: “Should I buy First Republic?” After all, First Republic is prestigious. Facebook founder Mark Zuckerberg got a mortgage there. Dozens of customer surveys rate its satisfaction scores higher than super-brands like Apple and Ritz-Carlton.
Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.
A Look At Our Top 30 Technical Charts
By Harry Boxer
Image source: Kornit Digital
A look at our top 30 charts:
Kornit Digital Ltd. has had quite a week, going from $28 to over $48 in the last 5 days. On Wednesday, it jumped $12.06, or 33.8%, to $47.74 on 3.2 million shares traded. It’s at the top of the long-term channel, but it may get a little bit of an extension in the next day or two taking it up to $50.
Ingevity Corporation, which makes specialty chemicals and high-performance carbon materials, is coming out of a base and looking awfully good. On Wednesday it moved up $3.06, or 6.2%, to $52.26 on 342,900 shares traded. It’s in the fifth wave of an up-move that could take it to $63.
Penn National Gaming, Inc. has been up five days in a row, and 11 out of the last 13 days. On Wednesday, it made a strong move of $3.08, or 13%, to $26.81 on 34.6 million shares traded. Intraday the stock got up to $27.30, approaching resistance at $27 1/2. Any extension here could take it all the way up to re-test the February highs, first at $34 and then $38.
Surface Oncology, Inc. exploded on Wednesday with a breakaway gap out of a wedge pattern, jumping $1.22, or 46%, to $3.88 on 11.1 million shares traded. If it gets through the triple top, my next target is $6.00. [Editor’s note: This target was surpassed this morning.]
Watch the video below for my complete analysis.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis and live chart presentations.
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Equities Contributor: Harry Boxer
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