Image: Energy server platform. Source: Bloom Energy Corporation

Bloom Energy Corporation is acting well and looks like it wants to go higher. The stock has had a big reversal off its mid-March lows in a right-hand extended V bottom. On Wednesday it ran $1.18, or 17.4%, to $7.95 on 3.9 million shares. Next target is $9 1/2.

Oil stock Delek Logistics Partners, LP, which has also reversed sharply off its March lows, exploded on Wednesday, up $5.17, or over 58%, to $13.98 after reaching an early session high of $14.45. The move came on 3.7 million shares traded, the biggest volume I think has ever been traded on this stock. Watch for a follow-through to test the gap and moving average, but for now the target is $17.

Trade Commission-FREE with Tradier Brokerage

Kirkland Lake Gold Ltd., one of my old favorites, is on the move, up $3.15, or 8.5%, to $39.82 on Wednesday, with a session high of $39.98, on 2.5 million shares traded. The stock has V-bottomed off its mid-March lows in a series of breakouts and wedges. Our target is $45 on a breakout through $40.

Snap Inc. broke out with a major thrust on Wednesday, up $4.56, or 37%, to $17.01, not far off the session high at $17.15, on a whopping 170 million shares traded. That was a massive move on a strong earnings report. Next targets are $18 and $20.

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.

_____

Equities Contributor: Harry Boxer

Source: Equities News

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer. The author of this article, or a firm that employs the author, is a holder of the following securities mentioned in this article : None