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6 Stock Charts To Watch: ACB, ONCY, SGRY, CVE, PENN, FOXF

Published 05/18/2020, 11:55 PM
Updated 07/09/2023, 06:31 AM
AA
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SPY
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APA
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NVAX
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TRGP
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CVE
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ONC
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CAR
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PENN
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FOXF
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ERI
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SIENQ
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WEED
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SIOX
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SGRY
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ACB
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SE
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TBIO_old
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MRNA
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ZYXI
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VIR
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1. Aurora Cannabis

Aurora Cannabis (NYSE:ACB) jumped 5.90, or 52.68%, to 17.10, after reaching a session high of 19.68, on 97 million shares traded, and another 1.49 to 18.58 in after-hours. After a 1 for 12 reverse split this stock has gone from 5.30 to Monday’s high at 19.68. It’s long-in-the-tooth, and overbought, but I’m looking at 22, and maybe mid 20’s as the next targets.

2. Oncolytics Biotech

Oncolytics Biotech (NASDAQ:ONCY) popped to resistance on Monday, gaining 61 cents, or 30%, to 2.66, just 4 cents off the session high at 2.70, on 7.3 million shares traded, and another 14 cents in after-hours. Watch the 2.85 zone going forward as early as tomorrow morning. If it get through that, you’re looking at 3.75 and 4.50 next.

3. Surgery Partners

Surgery Partners (NASDAQ:SGRY) popped and exploded on Monday for 2.35, or 24%, to 12.22, with a session high of 12.61, on 1.8 million shares traded. The double-top at resistance should be considered at 12.95. If gets through that, then 14 1/2 is the next target.

4. Cenovus Energy

Cenovus Energy Inc. (NYSE:CVE) is a really-neat, low-priced oil stock. It broke into cue key resistance on Monday and into the gap, popping 73 cents, or 19.68%, to 4.44, just 3 cents of the session high at 4.47, or 8 million shares traded. It could lead to 5, and then to 6 going forward.

5. Penn National Gaming

Penn National Gaming, Inc. (NASDAQ:PENN), another gaming stock on the list and a swing stock, made a big pop in April, pulled back, broke out and I gave you a swing on it. On Monday it popped again for 2.90, or 15%, to 22.25, with a session high of 22.80, on 19.4 million shares traded, and an additional 15 cents in after-hours. There’s resistance, but if there is a follow-through, it might see 28.

6. Fox Factory Holding

Fox Factory Holding Corp. (NASDAQ:FOXF) popped out of a double-top, with a breakaway gap and good volume on Monday, moving up 7.56, or 13 1/2%, to 63.66, after a morning session high of 66.24, on 558,456 shares traded. I’m looking for an extension to 70-77

Stocks on the long side included Aurora Cannabis Inc. (ACB), Vir Biotechnology, Inc. (NASDAQ:VIR), Novavax, Inc. (NASDAQ:NVAX), Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL), Oncolytics Biotech Inc. (ONCY), Surgery Partners, Inc. (SGRY), Avis Budget Group, Inc. (NASDAQ:CAR), Moderna, Inc. (NASDAQ:MRNA), Eldorado Resorts, Inc. (NASDAQ:ERI), Direxion Daily S&P (NYSE:SPY) Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Cenovus Energy Inc. (CVE), Translate Bio, Inc. (NASDAQ:TBIO), Targa Resources Corp. (NYSE:TRGP), Alcoa Corporation (NYSE:AA), Penn National Gaming, Inc. (PENN), Fox Factory Holding Corp. (FOXF), Sientra, Inc. (NASDAQ:SIEN), Apache Corporation (NYSE:APA), BioNTech (BNTX), Sea Limited (NYSE:SE), Axovant Gene Therapies Ltd. (NASDAQ:AXGT), Canopy Growth Corporation (NYSE:CGC), Zynex, Inc. (NASDAQ:ZYXI).

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