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Stock Charts To Watch: BBBY, INMD, SE, SWAV, WRTC, XRX

Published 11/14/2019, 11:59 PM
Updated 07/09/2023, 06:31 AM
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Bed Bath & Beyond Inc . (NASDAQ:BBBY) looks like it paused after it popped 35 cents, or 2.6%, to 13.81, with a high of 14.03, on 7.7 million shares on Thursday. In mid-August to October, it had a 3-wave corrective move, duplicated the move up, and although it may go another few days, or more, eventually, it’s going to pop 15, and be an 18-dollar stock. That’s my take on it.

InMode Ltd . (NASDAQ:INMD), a recent swing of ours, keeps ramping up. On Monday, it closed up another 2.70, or 6.25%, to 45.90, reaching a new closing high at 47.48, on 1.2 million shares. Look for this stock to make it into the 53-55 zone.

Sea Limited (NYSE:SE), a swing trade of ours, exploded on Thurday after backing off on Wednesday, it held, and then popped 1.74, or 4.95%, to 36.92, with a high of 36.92, on 12 million shares. If this one gets above 36.92, we’re looking at a 42-45-dollar stock going forward.

ShockWave Medical, Inc. (NASDAQ:SWAV) may be coming to life as it reversed nicely on Thursday and popped 1.36, or 3.88%, to 36.44, with a high of 36.51, on 547,725 shares traded. Nothing significant yet, but if it gets above 38 this could rocket to the low to mid 40’s.

Wrap Technologies, Inc. (NASDAQ:WRTC), after coming out of a declining topsline, and certainly the last few days, going from 3.10 up to about 4.40, it broke out through the declining topsline and lateral price resistance, and gained another 40 cents, or 12%, to 4.31, with a high 4.38, on 255,709 shares traded on Thursday. There’s minor resistance at 4 1/2, and my targets are 5 and 5 3/4.

Xerox Corporation (NYSE:XRX) swing is following through and it looks like the little 2-day pullback is over. It resumed its advance on Thursday with a run of 1.05, or 2.79%, to 38.65, reaching a high of 38.95, on 3.3 million shares. It does need to get up through 39.38. The next target is 43-4.

Stocks on the long side included Bed Bath & Beyond Inc. (BBBY), Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), Constellation Pharmaceuticals, Inc. (CNST), Dicerna Pharmaceuticals, Inc. (DRNA), Precision BioSciences, Inc. (DTIL), Gravity Co., Ltd. (GRVY), Harrow Health, Inc. (HROW), International Game Technology PLC (IGT), Infinera Corporation (INFN), InMode Ltd. (INMD), Kadmon Holdings, Inc. (KDMN), Orion Energy Systems, Inc (OESX), Pier 1 Imports, Inc. (PIR), Sea Limited (SE), ShockWave Medical, Inc. (SWAV), Teekay Tankers Ltd. (TNK), Wrap Technologies, Inc. (WRTC), XBiotech Inc. (XBIT), and Xerox Corporation (NYSE:XRX).

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