Stocks To Watch: AMKR, MEDP, PI, SKY
Harry Boxer | Jul 31, 2019 01:38AM ET
h2 Amkor Technology , Inc. (AMKR)/h2
AMKR on Tuesday rocketed 1.60, or 19 1/2%, to 9.78, on 3.85 million shares. That’s the biggest volume since November. That was also a bottoming-type pattern in November whereby Tuesday’s pattern is a breakout-type pattern. Looking back further, you will see that key resistance is at the 11 1/2 to 12 1/2 range. I’m looking for that to extend. The way it closed at the upper end of the range, I think this stock has follow-through potential
h2 Medpace Holdings, Inc. (MEDP)/h2MEDP made an explosive move of the high on Tuesday, jumping 11.93, or 18%, to 79.61, on 2.8 million shares. It was a very important day fof this stock. I will be looking for a follow-through run to 86-88. Those are the targets going forward.
h2 Impinj, Inc. (PI)/h2PI had a nice pop of 4.61, or 13%, to 39.94, on 1.1 million shares on Tuesday. The volume was the biggest in two months. I think it’s going to test the area where resistance lies at 42. If it gets through that, we’re looking at 50 plus going forward.
h2 Skyline Champion Corporation (SKY)/h2SKY had a late pop, the declining topsline was broken, I put a swing on it, it went higher, flagged, and then broke out on Tuesday, gaining 1.83, or 6.7%, to 29.13, on 1 million shares. I’m looking for it to extend now to 32, 35, and on up.
h2 Stocks on the long side/h2Amkor Technology, Inc. (AMKR), Arcturus Therapeutics Holdings Inc (ARCT), Chegg, Inc. (CHGG), CNX Resources Corporation (CNX), Luna Innovations Incorporated (LUNA), LSB Industries, Inc. (LXU), Medpace Holdings, Inc. (MEDP), Neurocrine Biosciences, Inc. (NBIX), Invitae Corporation (NVTA), Overstock.com , Inc. (NASDAQ:OSTK), Impinj, Inc. (PI), Pieris Pharmaceuticals, Inc. (PIRS), Skyline Champion Corporation (SKY), U.S. Silica Holdings, Inc. (SLCA), Smith Micro Software, Inc. (SMSI), Trex Company, Inc. (TREX), Workhorse Group Inc. (WKHS), Intrexon Corporation (XON), ZIOPHARM Oncology, Inc. (ZIOP).
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